NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 81.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,006 shares of the financial services provider’s stock after selling 25,692 shares during the period. Squarepoint Ops LLC’s holdings in NMI were worth $204,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NMIH. Opal Wealth Advisors LLC acquired a new stake in shares of NMI in the 2nd quarter valued at about $29,000. Fidelis Capital Partners LLC purchased a new stake in NMI in the first quarter valued at approximately $31,000. Picton Mahoney Asset Management acquired a new stake in shares of NMI in the second quarter valued at approximately $63,000. CWM LLC grew its position in shares of NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,431 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of NMI in the 2nd quarter valued at $175,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Stock Performance

Shares of NMIH stock opened at $40.87 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $39.89 and a 200-day simple moving average of $35.68. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. NMI Holdings, Inc. has a 12-month low of $26.41 and a 12-month high of $42.49.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. During the same quarter last year, the company earned $0.95 earnings per share. NMI’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that NMI Holdings, Inc. will post 4.5 EPS for the current year.

Insider Buying and Selling

In other news, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares in the company, valued at approximately $2,424,235.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now owns 61,607 shares of the company’s stock, valued at $2,424,235.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Truist Financial increased their target price on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised NMI from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $48.00 in a research report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods lifted their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and an average target price of $42.13.

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.