Kaizen Advisory LLC Trims Position in NMI Holdings Inc (NMIH)

Kaizen Advisory LLC trimmed its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 16.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 39,200 shares of the financial services provider’s stock after selling 7,559 shares during the period. Kaizen Advisory LLC’s holdings in NMI were worth $700,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Piedmont Investment Advisors Inc. raised its holdings in shares of NMI by 4.2% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 15,718 shares of the financial services provider’s stock valued at $281,000 after buying an additional 635 shares during the last quarter. United Services Automobile Association raised its holdings in shares of NMI by 4.3% in the fourth quarter. United Services Automobile Association now owns 18,111 shares of the financial services provider’s stock valued at $323,000 after buying an additional 744 shares during the last quarter. Comerica Bank raised its holdings in shares of NMI by 1.2% in the fourth quarter. Comerica Bank now owns 64,493 shares of the financial services provider’s stock valued at $1,403,000 after buying an additional 778 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of NMI by 0.6% in the fourth quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock valued at $2,499,000 after buying an additional 796 shares during the last quarter. Finally, Neuburgh Advisers LLC raised its holdings in shares of NMI by 13.1% in the fourth quarter. Neuburgh Advisers LLC now owns 7,200 shares of the financial services provider’s stock valued at $128,000 after buying an additional 832 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William J. Leatherberry sold 39,897 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $25.98, for a total transaction of $1,036,524.06. Following the transaction, the executive vice president now directly owns 181,055 shares in the company, valued at $4,703,808.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Scheid sold 13,300 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $22.45, for a total transaction of $298,585.00. Following the transaction, the director now owns 67,491 shares in the company, valued at $1,515,172.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 387,073 shares of company stock worth $9,647,534. Company insiders own 5.70% of the company’s stock.



Shares of NMI stock traded down $0.29 on Monday, reaching $25.01. 4,346 shares of the stock were exchanged, compared to its average volume of 459,899. NMI Holdings Inc has a 1-year low of $13.35 and a 1-year high of $26.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 15.05 and a beta of 1.38.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, February 12th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. NMI had a net margin of 39.24% and a return on equity of 17.47%. The business had revenue of $76.26 million for the quarter, compared to analyst estimates of $77.40 million. Equities research analysts anticipate that NMI Holdings Inc will post 2.21 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Barclays set a $27.00 target price on shares of NMI and gave the company a “buy” rating in a report on Friday, December 14th. JPMorgan Chase & Co. assumed coverage on shares of NMI in a report on Tuesday, December 11th. They issued an “overweight” rating and a $25.00 target price for the company. BidaskClub raised shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research raised shares of NMI from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Friday, January 18th. Finally, ValuEngine raised shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, January 25th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NMI has an average rating of “Buy” and an average target price of $25.22.

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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.

Further Reading: How is net asset value different from market price?

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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