NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 87.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,975 shares of the financial services provider's stock after selling 33,475 shares during the quarter. SG Americas Securities LLC's holdings in NMI were worth $148,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NMIH. Point72 Hong Kong Ltd purchased a new stake in shares of NMI in the first quarter worth about $33,000. Quarry LP purchased a new stake in shares of NMI in the second quarter worth about $34,000. Public Employees Retirement System of Ohio boosted its stake in shares of NMI by 45.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider's stock worth $41,000 after buying an additional 627 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of NMI by 160.1% in the first quarter. Tower Research Capital LLC TRC now owns 2,034 shares of the financial services provider's stock worth $45,000 after buying an additional 1,252 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of NMI in the second quarter worth about $48,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In related news, Chairman Bradley M. Shuster sold 6,559 shares of NMI stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the transaction, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now owns 82,612 shares in the company, valued at $2,576,668.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Bradley M. Shuster sold 6,559 shares of NMI stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the transaction, the chairman now owns 453,298 shares in the company, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock valued at $4,395,582 over the last quarter. 2.40% of the stock is currently owned by insiders.

NMI Price Performance

Shares of NMI stock traded down $0.14 during mid-day trading on Wednesday, reaching $29.50. 373,531 shares of the stock traded hands, compared to its average volume of 557,686. The business has a 50-day moving average of $30.25 and a 200 day moving average of $29.19. NMI Holdings, Inc. has a fifty-two week low of $22.22 and a fifty-two week high of $32.50. The stock has a market capitalization of $2.38 billion, a PE ratio of 7.68, a PEG ratio of 1.10 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.06. NMI had a return on equity of 17.97% and a net margin of 55.63%. The business had revenue of $151.38 million during the quarter, compared to analysts' expectations of $131.70 million. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business's revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that NMI Holdings, Inc. will post 4.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. upped their price target on NMI from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday, April 3rd. Truist Financial upped their price target on NMI from $34.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. Royal Bank of Canada upped their price target on NMI from $31.00 to $33.00 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods upped their price target on NMI from $33.00 to $36.00 and gave the stock a "market perform" rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and an average price target of $34.44.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.