NMI Holdings Inc (NMIH) Stake Lowered by Legal & General Group Plc

Legal & General Group Plc decreased its position in NMI Holdings Inc (NASDAQ:NMIH) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 11,956 shares of the financial services provider’s stock after selling 204 shares during the period. Legal & General Group Plc’s holdings in NMI Holdings were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NMIH. American International Group Inc. raised its position in NMI Holdings by 7.1% in the first quarter. American International Group Inc. now owns 30,430 shares of the financial services provider’s stock worth $347,000 after buying an additional 2,022 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its position in shares of NMI Holdings by 4,029.4% in the first quarter. Mckinley Capital Management LLC Delaware now owns 123,469 shares of the financial services provider’s stock worth $1,408,000 after buying an additional 120,479 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of NMI Holdings during the first quarter worth approximately $5,387,000. Hillsdale Investment Management Inc. purchased a new position in shares of NMI Holdings during the first quarter worth approximately $1,001,000. Finally, Mutual of America Capital Management LLC raised its position in shares of NMI Holdings by 10.4% in the first quarter. Mutual of America Capital Management LLC now owns 543,315 shares of the financial services provider’s stock worth $6,194,000 after buying an additional 51,114 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.

NMI Holdings Inc (NMIH) remained flat at $11.60 during mid-day trading on Thursday. 23,724 shares of the company’s stock traded hands. The company has a market cap of $694.40 million, a P/E ratio of 9.23 and a beta of 0.64. The company’s 50 day moving average price is $11.79 and its 200-day moving average price is $11.35. NMI Holdings Inc has a 1-year low of $7.12 and a 1-year high of $12.70.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. NMI Holdings had a return on equity of 5.95% and a net margin of 52.34%. The firm’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. On average, equities analysts predict that NMI Holdings Inc will post $0.52 EPS for the current fiscal year.

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A number of research analysts have commented on the company. BidaskClub raised NMI Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods lowered NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a report on Monday, July 17th. Zacks Investment Research raised NMI Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Compass Point lowered NMI Holdings from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Tuesday, August 8th. Finally, Deutsche Bank AG set a $15.00 price objective on NMI Holdings and gave the company a “buy” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.67.

In related news, CEO Bradley M. Shuster sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $11.79, for a total value of $353,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Regina Muehlhauser purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $11.03 per share, for a total transaction of $110,300.00. Following the purchase, the director now directly owns 21,578 shares in the company, valued at $238,005.34. The disclosure for this purchase can be found here. Insiders sold a total of 159,227 shares of company stock worth $1,873,071 in the last 90 days. 5.40% of the stock is currently owned by company insiders.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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