Leeward Investments LLC MA Sells 21,174 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Leeward Investments LLC MA trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,778 shares of the financial services provider’s stock after selling 21,174 shares during the quarter. Leeward Investments LLC MA owned approximately 0.36% of NMI worth $10,468,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. lifted its holdings in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares in the last quarter. KBC Group NV lifted its holdings in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 892 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in NMI by 21.3% during the third 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 in the last quarter. Finally, R Squared Ltd purchased a new position in NMI during the fourth quarter valued at approximately $203,000. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NMIH has been the topic of several analyst reports. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada lowered their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Price Performance

NMI stock opened at $34.88 on Friday. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.41 and a beta of 1.12. The firm’s fifty day moving average is $36.89 and its 200 day moving average is $38.59. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52-week low of $28.82 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH) last released 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 net margin of 55.32% and a return on equity of 17.33%. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 EPS 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.