Amalgamated Bank Sells 407 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Amalgamated Bank decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,045 shares of the financial services provider’s stock after selling 407 shares during the period. Amalgamated Bank’s holdings in NMI were worth $847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised 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 buying an additional 2,950 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of NMI in the 3rd quarter valued at approximately $820,000. Assetmark Inc. lifted its holdings in NMI by 5.3% in the 3rd quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider’s stock worth $3,220,000 after purchasing an additional 3,938 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in NMI by 1.5% during the third quarter. Los Angeles Capital Management LLC now owns 62,936 shares of the financial services provider’s stock worth $2,592,000 after purchasing an additional 957 shares during the period. Finally, Chartwell Investment Partners LLC grew its holdings in NMI by 21.3% during the third quarter. Chartwell Investment Partners LLC now owns 38,599 shares of the financial services provider’s stock valued at $1,589,000 after purchasing an additional 6,787 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group cut 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. Royal Bank of Canada lowered their price target 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 raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Insiders Place Their Bets

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

NMI Stock Up 0.2 %

NASDAQ NMIH opened at $36.53 on Tuesday. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49. The stock has a market cap of $2.87 billion, a PE ratio of 8.25, a PEG ratio of 1.41 and a beta of 1.12. The firm has a 50-day simple moving average of $36.78 and a 200 day simple moving average of $38.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS 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.