NMI Holdings, Inc. (NASDAQ:NMIH) Holdings Lowered by Twinbeech Capital LP

Twinbeech Capital LP trimmed its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 90.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,016 shares of the financial services provider’s stock after selling 68,633 shares during the period. Twinbeech Capital LP’s holdings in NMI were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. lifted its holdings in shares of NMI by 66.5% during 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the last quarter. Covestor Ltd lifted its holdings in shares of NMI by 601.1% during the fourth 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 lifted its holdings in shares of 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 purchasing an additional 2,036 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the sale, the chief executive officer now owns 329,465 shares in the company, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Leatherberry sold 13,111 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the transaction, the insider now owns 163,796 shares of the company’s stock, 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 a total of 112,152 shares of company stock valued at $4,075,617 in the last three months. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NMIH. JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods reduced their price objective on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. UBS Group reduced their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Finally, Compass Point increased their price objective on 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 given a buy rating to the company. Based on data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Stock Up 0.5%

Shares of NMI stock opened at $37.96 on Friday. The stock has a 50-day moving average price of $35.70 and a 200 day moving average price of $36.65. The company 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. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 1 year low of $31.60 and a 1 year high of $42.49.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The company had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. As a group, analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

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.