Corebridge Financial Inc. Sells 3,286 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Corebridge Financial Inc. reduced its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,798 shares of the financial services provider’s stock after selling 3,286 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of NMI worth $1,536,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of NMI by 11.1% during the 3rd quarter. Cerity Partners LLC now owns 17,828 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 1,786 shares during the period. FMR LLC raised its position in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock worth $62,489,000 after acquiring an additional 107,771 shares during the period. Quantbot Technologies LP boosted its stake in NMI by 45.2% in the third quarter. Quantbot Technologies LP now owns 7,754 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 2,413 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after acquiring an additional 39,012 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NMI by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,540 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Up 1.1 %

NMIH stock opened at $36.98 on Thursday. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The firm has a market capitalization of $2.90 billion, a PE ratio of 8.35, a PEG ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $36.33 and a two-hundred day simple moving average of $37.88.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently 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.