Ellis Investment Partners LLC Cuts Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Ellis Investment Partners LLC decreased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 91,534 shares of the financial services provider’s stock after selling 893 shares during the quarter. NMI comprises about 0.7% of Ellis Investment Partners LLC’s holdings, making the stock its 29th biggest position. Ellis Investment Partners LLC’s holdings in NMI were worth $3,365,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after purchasing an additional 54,391 shares during the last quarter. Algert Global LLC grew its holdings in NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after purchasing an additional 66,880 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after purchasing an additional 24,838 shares during the last quarter. Citigroup Inc. grew its holdings in NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after purchasing an additional 63,058 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in NMI by 53.3% in the third quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after purchasing an additional 39,012 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NMIH. Barclays lowered 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 report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Keefe, Bruyette & Woods decreased their price objective on NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Stock Down 0.1 %

Shares of NASDAQ:NMIH opened at $35.51 on Friday. The stock’s 50-day moving average price is $37.17 and its two-hundred day moving average price is $38.67. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $28.73 and a 12-month high of $42.49. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.92 and a beta of 1.12.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. On average, research analysts forecast that NMI Holdings, Inc. will post 4.68 EPS for the current 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.