Trexquant Investment LP Has $4.60 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Trexquant Investment LP increased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 73.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,991 shares of the financial services provider’s stock after buying an additional 65,788 shares during the period. Trexquant Investment LP owned 0.19% of NMI worth $4,600,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NMIH. Quadrant Capital Group LLC lifted its position in NMI by 6.1% in the 4th quarter. Quadrant Capital Group LLC now owns 6,071 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 350 shares in the last quarter. Illinois Municipal Retirement Fund boosted its stake in shares of NMI by 0.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 48,423 shares of the financial services provider’s stock worth $1,437,000 after buying an additional 388 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of NMI by 5.0% in the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock worth $323,000 after buying an additional 565 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of NMI by 5.9% in the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock worth $343,000 after buying an additional 644 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of NMI by 3.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock worth $555,000 after buying an additional 663 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Trading Down 2.0 %

NMI stock opened at $33.09 on Thursday. The stock has a market cap of $2.66 billion, a P/E ratio of 8.19, a PEG ratio of 1.16 and a beta of 1.06. NMI Holdings, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $34.33. The firm’s fifty day moving average price is $31.51 and its 200-day moving average price is $30.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. The business had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Equities research analysts forecast that NMI Holdings, Inc. will post 4.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NMIH shares. JPMorgan Chase & Co. boosted their target price on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. UBS Group downgraded NMI from a “buy” rating to a “neutral” rating and upped their price objective for the company from $37.00 to $39.00 in a research note on Wednesday. Keefe, Bruyette & Woods upped their price objective on 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 raised shares of NMI from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Truist Financial boosted their target price on shares of NMI from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.56.

Insider Activity at NMI

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the company’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 sale, the executive vice president now directly owns 82,612 shares in the company, valued at $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the company’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 sale, the executive vice president now directly owns 82,612 shares in the company, valued at $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James G. Jones sold 48,294 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $30.46, for a total transaction of $1,471,035.24. Following the sale, the director now owns 5,847 shares of the company’s stock, valued at $178,099.62. The disclosure for this sale can be found here. Insiders have sold a total of 125,763 shares of company stock valued at $3,808,175 over the last 90 days. 2.70% of the stock is owned by insiders.

NMI Company 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.