NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345,282 shares of the financial services provider's stock after selling 56,041 shares during the period. Victory Capital Management Inc. owned approximately 0.43% of NMI worth $10,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new position in shares of NMI in the 4th quarter valued at about $27,000. Versor Investments LP purchased a new position in shares of NMI in the 3rd quarter valued at about $203,000. DekaBank Deutsche Girozentrale purchased a new position in shares of NMI in the 3rd quarter valued at about $204,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of NMI in the 3rd quarter valued at about $211,000. Finally, Dark Forest Capital Management LP increased its stake in shares of NMI by 15.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 9,256 shares of the financial services provider's stock valued at $251,000 after purchasing an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, Director James G. Jones sold 54,900 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total value of $1,655,784.00. Following the sale, the director now owns 57,641 shares of the company's stock, valued at $1,738,452.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director James G. Jones sold 54,900 shares of the company's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $30.16, for a total transaction of $1,655,784.00. Following the sale, the director now owns 57,641 shares of the company's stock, valued at $1,738,452.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Owen Smith sold 3,000 shares of the company's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now directly owns 82,612 shares in the company, valued at approximately $2,576,668.28. The disclosure for this sale can be found here. Insiders have sold a total of 125,763 shares of company stock valued at $3,808,175 over the last quarter. 2.40% of the stock is owned by company insiders.

NMI Trading Down 1.4 %

Shares of NMIH stock traded down $0.47 during trading on Monday, hitting $33.45. 338,474 shares of the stock traded hands, compared to its average volume of 564,911. The firm has a market capitalization of $2.69 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.89. The firm's fifty day moving average price is $31.02 and its 200-day moving average price is $29.82. NMI Holdings, Inc. has a 52-week low of $23.70 and a 52-week high of $34.33.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.12. The company had revenue of $156.25 million for the quarter, compared to analyst estimates of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. As a group, research analysts forecast that NMI Holdings, Inc. will post 4.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NMIH. Compass Point lifted their price objective on NMI from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods lifted their price objective on NMI from $33.00 to $36.00 and gave the stock a "market perform" rating in a report on Thursday, April 4th. Royal Bank of Canada lifted their price objective on NMI from $31.00 to $33.00 and gave the stock a "sector perform" rating in a report on Thursday, February 15th. StockNews.com upgraded NMI from a "hold" rating to a "buy" rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on NMI from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.22.

NMI Profile

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.