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

Schroder Investment Management Group reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 37.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 278,466 shares of the financial services provider’s stock after selling 167,621 shares during the period. Schroder Investment Management Group owned 0.35% of NMI worth $10,256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock valued at $263,160,000 after buying an additional 39,503 shares during the period. State Street Corp boosted its position in shares of NMI by 1.0% in the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after purchasing an additional 35,351 shares during the last quarter. American Century Companies Inc. grew its stake in shares of NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after purchasing an additional 145,591 shares during the period. FMR LLC increased its holdings in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after purchasing an additional 11,347 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

NMIH has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price for the company in a research note on Monday, February 24th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, UBS Group dropped their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.29.

NMI Stock Performance

NMIH opened at $33.83 on Friday. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.64, a P/E/G ratio of 1.41 and a beta of 0.62. The business’s 50-day moving average price is $36.21 and its two-hundred day moving average price is $37.82. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year 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.

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

Insider Transactions at NMI

In related 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 transaction of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 shares were 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 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.

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.