Natixis Advisors LLC Has $1.17 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Natixis Advisors LLC lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,697 shares of the financial services provider’s stock after selling 1,460 shares during the quarter. Natixis Advisors LLC’s holdings in NMI were worth $1,165,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State Street Corp lifted its position in NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock worth $146,857,000 after buying an additional 35,351 shares in the last quarter. FMR LLC grew its stake in shares of NMI by 7.6% during the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after purchasing an additional 11,347 shares in the last quarter. JPMorgan Chase & Co. raised its position in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after purchasing an additional 24,838 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock worth $16,625,000 after buying an additional 15,868 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NMIH. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Performance

Shares of NMIH stock opened at $36.08 on Wednesday. The stock has a market cap of $2.83 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock has a 50-day moving average of $36.47 and a 200-day moving average of $38.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49.

NMI (NASDAQ:NMIH) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Activity

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares in the company, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

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.