NMI Holdings Inc $NMIH Stock Holdings Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 73.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,753 shares of the financial services provider’s stock after selling 38,900 shares during the quarter. Renaissance Technologies LLC’s holdings in NMI were worth $516,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of NMI by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after acquiring an additional 34,372 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in NMI by 5.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after purchasing an additional 106,400 shares during the period. Geode Capital Management LLC boosted its holdings in NMI by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after purchasing an additional 5,274 shares during the period. Bank of America Corp DE increased its stake in NMI by 95.3% during the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after purchasing an additional 495,144 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of NMI by 10.8% during the second quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 73,695 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of NMI in a report on Tuesday, August 4th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price target on shares of NMI in a research report on Monday, August 3rd. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. UBS Group set a $46.00 price objective on NMI in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

Insider Activity at NMI

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the transaction, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the completion of the transaction, the executive vice president directly owned 50,734 shares of the company’s stock, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.44% of the stock is owned by company insiders.

NMI Trading Down 0.3%

Shares of NASDAQ:NMIH opened at $45.56 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $41.50 and its 200 day moving average price is $39.52. The company has a market cap of $3.43 billion, a PE ratio of 8.97, a P/E/G ratio of 1.24 and a beta of 0.54. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $46.74.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. NMI’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Sell-side analysts anticipate that NMI Holdings Inc will post 5.23 earnings per share for the current year.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher?loan?to?value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk?sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.