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

Erste Asset Management GmbH reduced its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & 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 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vestcor Inc boosted its holdings in shares of NMI by 53.6% in the 4th quarter. Vestcor Inc now owns 16,385 shares of the financial services provider’s stock valued at $602,000 after buying an additional 5,720 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of NMI by 21.8% in the 4th quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the financial services provider’s stock valued at $493,000 after buying an additional 2,400 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in shares of NMI by 8.9% in the 4th quarter. Moran Wealth Management LLC now owns 15,517 shares of the financial services provider’s stock valued at $570,000 after buying an additional 1,273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of NMI by 7.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,034 shares of the financial services provider’s stock valued at $773,000 after buying an additional 1,494 shares during the last quarter. Finally, Amundi boosted its holdings in shares of NMI by 27.1% in the 4th quarter. Amundi now owns 139,891 shares of the financial services provider’s stock valued at $4,991,000 after buying an additional 29,865 shares during the last quarter. 94.12% of the stock is owned by 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 on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

NMI Stock Up 2.1 %

NMIH opened at $35.40 on Friday. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company has a market capitalization of $2.78 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.41 and a beta of 1.02. The stock has a fifty day moving average of $36.46 and a 200-day moving average of $38.30.

NMI (NASDAQ:NMIH) last posted 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%. On average, equities analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NMIH shares. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Finally, Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.