Leeward Investments LLC MA Decreases Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Leeward Investments LLC MA trimmed its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,160 shares of the financial services provider’s stock after selling 2,344 shares during the period. Leeward Investments LLC MA owned 0.37% of NMI worth $8,998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NMIH. SG Americas Securities LLC purchased a new stake in shares of NMI in the 3rd quarter worth $1,042,000. Denali Advisors LLC increased its stake in shares of NMI by 124.4% in the 3rd quarter. Denali Advisors LLC now owns 19,300 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 10,700 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NMI in the 3rd quarter worth $1,168,000. Raymond James & Associates boosted its holdings in NMI by 4.5% in the 3rd quarter. Raymond James & Associates now owns 120,880 shares of the financial services provider’s stock worth $3,275,000 after buying an additional 5,212 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NMI by 15.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,029 shares of the financial services provider’s stock worth $488,000 after buying an additional 2,447 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of NMI from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada raised their target price on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.44.

Insider Activity

In other news, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the transaction, the chairman now owns 453,298 shares in the company, valued at approximately $13,512,813.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the transaction, the executive vice president now directly owns 82,612 shares in the company, valued at approximately $2,576,668.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the transaction, the chairman now owns 453,298 shares of the company’s stock, valued at $13,512,813.38. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

NMI Stock Performance

NASDAQ:NMIH traded up $0.30 during trading hours on Friday, reaching $31.11. 361,199 shares of the company’s stock were exchanged, compared to its average volume of 543,538. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.06. The company has a 50-day moving average of $30.32 and a 200 day moving average of $29.36. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21. NMI Holdings, Inc. has a 1-year low of $22.28 and a 1-year high of $32.50.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The company had revenue of $151.38 million during the quarter, compared to analysts’ expectations of $131.70 million. During the same quarter last year, the business earned $0.86 EPS. The business’s revenue was up 13.7% on a year-over-year basis. Research analysts anticipate that NMI Holdings, Inc. will post 4.05 EPS for the current year.

About NMI

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.