NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 65.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,588 shares of the financial services provider's stock after selling 16,294 shares during the quarter. Centiva Capital LP's holdings in NMI were worth $316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the period. Janney Montgomery Scott LLC boosted its position in NMI by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after acquiring an additional 320 shares during the period. Tealwood Asset Management Inc. boosted its position in NMI by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock worth $1,183,000 after acquiring an additional 376 shares during the period. Atria Investments Inc boosted its position in NMI by 5.9% during the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after acquiring an additional 422 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in NMI by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Stock Up 0.8%

Shares of NMI stock opened at $38.20 on Tuesday. The stock's fifty day moving average is $35.18 and its 200-day moving average is $36.64. The firm has a market capitalization of $2.98 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $31.59 and a 12-month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. The company had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. NMI's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. Equities analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. The trade was a 34.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the transaction, the insider now owns 163,796 shares in the company, valued at $5,824,585.76. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,360 shares of company stock valued at $4,042,654 over the last three months. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price target on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. StockNews.com raised NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.17.

NMI Company 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.

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