NMI Holdings Inc (NASDAQ:NMIH) Position Trimmed by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. trimmed its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 63.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,866 shares of the financial services provider’s stock after selling 62,703 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.05% of NMI worth $640,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in NMI by 1.9% in the 4th 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 last quarter. Vanguard Group Inc. raised its holdings in NMI by 9.1% in the 3rd 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 last quarter. Vanguard Group Inc raised its holdings in NMI by 9.1% in the 3rd 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 last quarter. Renaissance Technologies LLC raised its holdings in NMI by 4.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,896,000 shares of the financial services provider’s stock worth $42,944,000 after acquiring an additional 81,100 shares during the last quarter. Finally, Capital International Investors purchased a new position in NMI in the 3rd quarter worth approximately $26,455,000. 90.86% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Steven Scheid sold 13,300 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $22.45, for a total value of $298,585.00. Following the completion of the transaction, the director now owns 67,491 shares of the company’s stock, valued at approximately $1,515,172.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Claudia J. Merkle sold 86,200 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.31, for a total transaction of $2,095,522.00. Following the completion of the transaction, the chief executive officer now directly owns 196,356 shares of the company’s stock, valued at approximately $4,773,414.36. The disclosure for this sale can be found here. Insiders sold a total of 387,073 shares of company stock valued at $9,647,534 in the last ninety days. 4.20% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on the stock. Zelman & Associates lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Friday. Compass Point reiterated a “buy” rating and set a $33.00 target price (up from $30.50) on shares of NMI in a research note on Thursday. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Thursday, April 25th. SunTrust Banks assumed coverage on shares of NMI in a research note on Thursday, April 18th. They set a “buy” rating and a $34.00 target price for the company. Finally, B. Riley lowered shares of NMI from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Friday, April 12th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. NMI currently has an average rating of “Buy” and an average price target of $28.11.

Shares of NASDAQ:NMIH traded down $0.68 during midday trading on Friday, hitting $27.40. The company had a trading volume of 728,089 shares, compared to its average volume of 431,645. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 16.51 and a beta of 1.40. NMI Holdings Inc has a 12-month low of $15.06 and a 12-month high of $28.85.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The firm had revenue of $81.11 million during the quarter, compared to analyst estimates of $78.28 million. NMI had a return on equity of 17.47% and a net margin of 39.24%. On average, equities research analysts expect that NMI Holdings Inc will post 2.23 earnings per share for the current fiscal year.

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NMI Company Profile

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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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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