NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,809 shares of the financial services provider’s stock after selling 1,243 shares during the quarter. Jackson Creek Investment Advisors LLC owned about 0.05% of NMI worth $1,463,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. boosted its holdings in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after buying an additional 286 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,387 shares during the last quarter. KBC Group NV boosted its stake in NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,950 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of NMI by 21.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 846 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Trading Down 0.1 %

Shares of NMIH stock opened at $35.43 on Friday. The company has a market capitalization of $2.78 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $36.67 and its two-hundred day moving average is $38.46. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data 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%. Equities analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Activity

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’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 directly owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

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