Versor Investments LP Lowers Position in NMI Holdings Inc $NMIH

Versor Investments LP trimmed its stake in NMI Holdings Inc (NASDAQ:NMIH) by 51.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,746 shares of the financial services provider’s stock after selling 11,565 shares during the quarter. Versor Investments LP’s holdings in NMI were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NMIH. Wells Fargo & Company MN grew its holdings in NMI by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 50,662 shares of the financial services provider’s stock valued at $1,862,000 after purchasing an additional 1,033 shares during the period. Envestnet Asset Management Inc. lifted its position in NMI by 21.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,943 shares of the financial services provider’s stock valued at $1,432,000 after buying an additional 6,759 shares in the last quarter. Bank of Montreal Can lifted its position in NMI by 7.9% during the fourth quarter. Bank of Montreal Can now owns 12,011 shares of the financial services provider’s stock valued at $442,000 after buying an additional 882 shares in the last quarter. Sterling Capital Management LLC lifted its position in NMI by 786.1% during the fourth 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 in the last quarter. Finally, MetLife Investment Management LLC lifted its position in NMI by 5.5% during the fourth quarter. MetLife Investment Management LLC now owns 47,021 shares of the financial services provider’s stock valued at $1,728,000 after buying an additional 2,464 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NMI

In other news, Chairman Bradley M. Shuster sold 21,545 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the transaction, the chairman directly owned 409,792 shares of the company’s stock, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

NMI Trading Up 0.3%

NASDAQ NMIH opened at $39.30 on Thursday. The company’s fifty day simple moving average is $39.59 and its 200-day simple moving average is $37.42. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.05 billion, a P/E ratio of 8.34, a PEG ratio of 1.13 and a beta of 0.57.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The business had revenue of $149.07 million for the quarter, compared to analysts’ expectations of $173.39 million. During the same period in the previous year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent research reports. Compass Point reaffirmed a “buy” rating and set a $37.00 price target (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. Barclays lifted their price target on shares of NMI from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $42.00 to $43.00 in a research report on Monday, July 7th. Wall Street Zen cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NMI from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.33.

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.