Sanctuary Advisors LLC Reduces Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Sanctuary Advisors LLC decreased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 23.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,695 shares of the financial services provider’s stock after selling 12,899 shares during the period. Sanctuary Advisors LLC owned about 0.05% of NMI worth $1,632,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Principal Securities Inc. grew its holdings in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 320 shares during the period. Tealwood Asset Management Inc. grew its stake in shares of NMI by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock worth $1,183,000 after purchasing an additional 376 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 846 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in NMI by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,540 shares of the financial services provider’s stock valued at $805,000 after purchasing an additional 848 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NMIH has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a report on Monday. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th. UBS Group dropped their target price 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. Finally, JPMorgan Chase & Co. reduced their price target 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Stock Up 2.3 %

Shares of NMI stock opened at $35.69 on Tuesday. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.41 and a beta of 1.12. The company has a 50-day moving average of $36.85 and a 200 day moving average of $38.59. 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 (NASDAQ:NMIH) last announced 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 net margin of 55.32% and a return on equity of 17.33%. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal 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.