Focus Partners Wealth Has $6.42 Million Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Focus Partners Wealth cut its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174,617 shares of the financial services provider’s stock after selling 2,113 shares during the period. Focus Partners Wealth owned about 0.22% of NMI worth $6,419,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. increased its holdings in shares of NMI by 12.6% during the fourth quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock worth $3,235,000 after buying an additional 9,842 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NMI by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after buying an additional 11,347 shares in the last quarter. abrdn plc bought a new stake in shares of NMI in the fourth quarter worth $8,122,000. Barclays PLC grew its stake in shares of NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock worth $15,940,000 after purchasing an additional 280,809 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 892 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NMI

In other news, CEO Adam Pollitzer sold 57,166 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the transaction, the chief executive officer now owns 329,465 shares in the company, valued at approximately $12,038,651.10. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Owen Smith sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president now owns 84,566 shares in the company, valued at $3,093,424.28. This represents a 19.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,360 shares of company stock valued at $4,042,654. 3.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on NMIH shares. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. StockNews.com raised shares of NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. UBS Group reduced their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and an average price target of $43.17.

NMI Stock Performance

Shares of NMIH opened at $38.00 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.97 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The firm’s fifty day simple moving average is $35.18 and its two-hundred day simple moving average is $36.64. NMI Holdings, Inc. has a 12 month low of $31.59 and a 12 month high of $42.49.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analysts’ expectations of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 earnings per share. As a group, analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

NMI 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.