MetLife Investment Advisors LLC lowered its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,711 shares of the financial services provider’s stock after selling 16,086 shares during the quarter. MetLife Investment Advisors LLC’s holdings in NMI were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of NMIH. Meeder Asset Management Inc. grew its holdings in NMI by 416.5% during the fourth quarter. Meeder Asset Management Inc. now owns 7,190 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 5,798 shares during the period. Bremer Trust National Association bought a new position in shares of NMI in the fourth quarter worth about $80,000. Vanguard Group Inc. boosted its stake in shares of NMI by 9.1% in the third quarter. Vanguard Group Inc. now owns 5,439,629 shares of the financial services provider’s stock worth $123,208,000 after acquiring an additional 455,098 shares during the period. BlackRock Inc. boosted its stake in shares of NMI by 1.9% in the fourth quarter. BlackRock Inc. now owns 9,522,191 shares of the financial services provider’s stock worth $169,972,000 after acquiring an additional 182,089 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of NMI by 10.0% in the third quarter. Prudential Financial Inc. now owns 106,845 shares of the financial services provider’s stock worth $2,420,000 after acquiring an additional 9,710 shares during the period. Hedge funds and other institutional investors own 90.86% of the company’s stock.
In other NMI news, EVP William J. Leatherberry sold 15,663 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $26.17, for a total transaction of $409,900.71. Following the sale, the executive vice president now directly owns 160,974 shares in the company, valued at $4,212,689.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Julie Norberg sold 7,262 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.86, for a total value of $187,795.32. Following the sale, the senior vice president now owns 19,271 shares in the company, valued at $498,348.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 387,073 shares of company stock worth $9,647,534. Company insiders own 4.20% of the company’s stock.
NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. NMI had a return on equity of 17.47% and a net margin of 39.24%. The company had revenue of $81.11 million during the quarter, compared to analyst estimates of $78.28 million. As a group, equities research analysts forecast that NMI Holdings Inc will post 2.23 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on NMIH. Compass Point reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $30.50) on shares of NMI in a research note on Thursday. Zacks Investment Research raised NMI from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research note on Thursday, April 25th. Zelman & Associates lowered NMI from a “buy” rating to a “hold” rating in a research note on Friday. SunTrust Banks assumed coverage on NMI in a research note on Thursday, April 18th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, B. Riley lowered NMI from a “buy” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Friday, April 12th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. NMI currently has a consensus rating of “Buy” and an average price target of $28.11.
NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.
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