AlphaQuest LLC Decreases Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

AlphaQuest LLC reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 38.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 34,190 shares of the financial services provider’s stock after selling 21,700 shares during the period. AlphaQuest LLC’s holdings in NMI were worth $1,257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of NMI in the third quarter valued at approximately $820,000. Assetmark Inc. increased its stake in shares of NMI by 5.3% in the third quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider’s stock valued at $3,220,000 after purchasing an additional 3,938 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of NMI by 1.5% in the third quarter. Los Angeles Capital Management LLC now owns 62,936 shares of the financial services provider’s stock valued at $2,592,000 after purchasing an additional 957 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake in shares of NMI by 21.3% in the third quarter. Chartwell Investment Partners LLC now owns 38,599 shares of the financial services provider’s stock valued at $1,589,000 after purchasing an additional 6,787 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

NMI Price Performance

NASDAQ NMIH opened at $35.43 on Monday. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a market capitalization of $2.78 billion, a PE ratio of 8.00, a P/E/G ratio of 1.41 and a beta of 1.02. The company’s 50 day simple moving average is $36.67 and its 200 day simple moving average is $38.46.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share 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%. As a group, equities research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.