Voloridge Investment Management LLC Reduces Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Voloridge Investment Management LLC decreased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 406,929 shares of the financial services provider’s stock after selling 6,870 shares during the period. Voloridge Investment Management LLC owned approximately 0.51% of NMI worth $14,959,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Principal Securities Inc. grew its holdings in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC raised its stake in NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,387 shares during the period. Covestor Ltd boosted its holdings in NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,623 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock valued at $84,000 after buying an additional 2,036 shares during the period. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after buying an additional 892 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Wall Street Zen raised NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Compass Point increased their target price on shares of NMI from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the completion of the transaction, the director now owns 66,068 shares of the company’s stock, valued at $2,513,887.40. This trade represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Adam Pollitzer sold 57,166 shares of the business’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the transaction, the chief executive officer now owns 329,465 shares of the company’s stock, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,152 shares of company stock valued at $4,075,617. 3.00% of the stock is currently owned by corporate insiders.

NMI Trading Up 0.5%

NMIH opened at $37.96 on Friday. NMI Holdings, Inc. has a 52 week low of $31.60 and a 52 week high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $36.65. The firm has a market cap of $2.97 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The company had revenue of $173.25 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. On average, equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.