NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp trimmed its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,410 shares of the financial services provider’s stock after selling 5,139 shares during the period. Hancock Whitney Corp’s holdings in NMI were worth $861,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in NMI by 13.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 46,665 shares of the financial services provider’s stock worth $1,716,000 after acquiring an additional 5,609 shares during the last quarter. Hsbc Holdings PLC increased its position in NMI by 109.8% during the 4th quarter. Hsbc Holdings PLC now owns 80,345 shares of the financial services provider’s stock worth $2,949,000 after purchasing an additional 42,040 shares in the last quarter. Stifel Financial Corp raised its holdings in NMI by 5.2% in the fourth quarter. Stifel Financial Corp now owns 14,688 shares of the financial services provider’s stock valued at $540,000 after buying an additional 721 shares during the period. State of Tennessee Department of Treasury lifted its position in NMI by 15.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 63,732 shares of the financial services provider’s stock valued at $2,343,000 after buying an additional 8,541 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in NMI by 58.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,412 shares of the financial services provider’s stock worth $309,000 after buying an additional 3,097 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NASDAQ NMIH opened at $33.40 on Friday. 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 fifty-two week low of $30.30 and a fifty-two week high of $42.49. The business has a 50 day moving average price of $34.93 and a two-hundred day moving average price of $36.96. The firm has a market cap of $2.61 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NMIH. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Keefe, Bruyette & Woods decreased their target price on NMI from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus target price of $42.14.

About NMI

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.