Schroder Investment Management Group Sells 167,621 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Schroder Investment Management Group lowered its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 37.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 278,466 shares of the financial services provider’s stock after selling 167,621 shares during the period. Schroder Investment Management Group’s holdings in NMI were worth $10,256,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC increased its position in NMI by 11.1% during the 3rd quarter. Cerity Partners LLC now owns 17,828 shares of the financial services provider’s stock worth $734,000 after buying an additional 1,786 shares during the period. FMR LLC increased its position in NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after acquiring an additional 107,771 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NMI by 4.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,540 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 848 shares in the last quarter. Verition Fund Management LLC boosted its holdings in NMI by 135.8% in the 3rd quarter. Verition Fund Management LLC now owns 44,148 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 25,425 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of NMI during the 3rd quarter worth approximately $305,000. 94.12% of the stock is owned by institutional investors.

NMI Stock Performance

NMI stock opened at $33.83 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. The stock has a market cap of $2.65 billion, a PE ratio of 7.64, a P/E/G ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49. The business’s 50-day moving average price is $36.21 and its two-hundred day moving average price is $37.82.

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

Insider Activity

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was 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 $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

NMIH has been the subject of several recent research reports. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

NMI 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.