Erste Asset Management GmbH Sells 700 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Erste Asset Management GmbH trimmed its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the financial services provider’s stock after selling 700 shares during the quarter. Erste Asset Management GmbH’s holdings in NMI were worth $459,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NMIH. Principal Securities Inc. boosted its stake 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,387 shares during the period. KBC Group NV lifted its stake in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 892 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 846 shares during the period. Finally, R Squared Ltd acquired a new position in shares of NMI in the fourth quarter worth approximately $203,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NMIH. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Monday, February 24th. UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $35.40 on Friday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.41 and a beta of 1.02. The stock’s 50 day moving average is $36.46 and its 200-day moving average is $38.30. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month 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.

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

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.