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

SG Americas Securities LLC decreased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 9.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,034 shares of the financial services provider’s stock after selling 303 shares during the period. SG Americas Securities LLC’s holdings in NMI were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in NMI in the 2nd quarter worth about $1,328,000. Sanctuary Advisors LLC bought a new position in NMI in the 2nd quarter worth about $1,603,000. Clearbridge Investments LLC grew its position in NMI by 24.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,001,095 shares of the financial services provider’s stock worth $34,077,000 after purchasing an additional 195,779 shares during the last quarter. Quarry LP grew its position in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares during the last quarter. Finally, Creative Planning grew its position in NMI by 67.3% in the 2nd quarter. Creative Planning now owns 17,649 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 7,102 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $40.00 to $48.00 in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Barclays upped their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Truist Financial upped their price target on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.43.

NMI Stock Down 2.0 %

NMIH stock opened at $38.59 on Friday. NMI Holdings, Inc. has a 12 month low of $26.41 and a 12 month high of $42.49. The firm has a market cap of $3.07 billion, a PE ratio of 9.14, a P/E/G ratio of 0.90 and a beta of 1.12. The firm has a 50 day simple moving average of $40.50 and a 200 day simple moving average of $36.28. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The business had revenue of $162.12 million during the quarter, compared to analyst estimates of $138.49 million. During the same period in the prior year, the business earned $0.95 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insider Activity at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Embler sold 26,008 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now owns 61,607 shares in the company, valued at $2,424,235.45. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

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.