NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 53.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,750 shares of the financial services provider’s stock after selling 264,047 shares during the quarter. Russell Investments Group Ltd. owned 0.28% of NMI worth $6,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its stake in NMI by 0.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 388 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of NMI by 5.0% during the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 565 shares during the last quarter. Cerity Partners LLC increased its holdings in NMI by 5.9% in the fourth quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after buying an additional 644 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock valued at $555,000 after buying an additional 663 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in NMI during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Trading Down 0.7 %

Shares of NMI stock opened at $33.42 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $2.68 billion, a P/E ratio of 8.27, a PEG ratio of 1.17 and a beta of 1.06. NMI Holdings, Inc. has a 1 year low of $23.63 and a 1 year high of $33.97. The company’s fifty day moving average is $30.80 and its two-hundred day moving average is $29.66.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The firm had revenue of $156.25 million for the quarter, compared to analyst estimates of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. Analysts forecast that NMI Holdings, Inc. will post 4.18 earnings per share for the current year.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 6,559 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the sale, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the sale, the executive vice president now owns 32,909 shares of the company’s stock, valued at $985,624.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $29.81, for a total transaction of $195,523.79. Following the sale, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,158 shares of company stock worth $4,395,582. 2.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NMIH shares. JPMorgan Chase & Co. increased their price objective on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Compass Point increased their target price on shares of NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial boosted their price target on shares of NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada raised their price objective on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.22.

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.