WINTON GROUP Ltd Sells 108,393 Shares of NMI Holdings Inc $NMIH

WINTON GROUP Ltd lessened its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 83.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,153 shares of the financial services provider’s stock after selling 108,393 shares during the period. WINTON GROUP Ltd’s holdings in NMI were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NMIH. Cerity Partners LLC raised its holdings in NMI by 690.4% during the second quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock valued at $10,294,000 after buying an additional 213,120 shares in the last quarter. Jump Financial LLC boosted its stake in shares of NMI by 184.6% during the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock worth $8,156,000 after acquiring an additional 125,401 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of NMI during the 2nd quarter valued at about $13,245,000. First Trust Advisors LP increased its holdings in shares of NMI by 28.9% during the 2nd quarter. First Trust Advisors LP now owns 106,444 shares of the financial services provider’s stock valued at $4,491,000 after acquiring an additional 23,885 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of NMI by 120.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,013 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 1,099 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NMIH shares. JPMorgan Chase & Co. decreased their target price on NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Finally, Barclays reaffirmed a “cautious” rating on shares of NMI in a report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and an average price target of $41.20.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven Scheid sold 19,926 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the transaction, the director owned 78,960 shares of the company’s stock, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.00% of the company’s stock.

NMI Stock Up 0.6%

NMIH stock opened at $39.52 on Friday. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.04 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.66. The business’s 50-day simple moving average is $37.00 and its 200 day simple moving average is $38.60.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The firm had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

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.