NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,556,547 shares of the financial services provider’s stock after selling 42,577 shares during the period. Dimensional Fund Advisors LP owned 5.68% of NMI worth $155,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NMIH. Capital International Investors acquired a new stake in shares of NMI during the first quarter worth $32,270,000. Goldentree Asset Management LP acquired a new stake in NMI during the 1st quarter worth about $22,600,000. Norges Bank purchased a new stake in NMI during the 4th quarter valued at about $20,006,000. F M Investments LLC acquired a new position in shares of NMI in the second quarter valued at about $12,447,000. Finally, Vanguard Group Inc. raised its stake in shares of NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after purchasing an additional 358,930 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $48.00 in a research note on Wednesday. Truist Financial boosted their target price on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Barclays increased their price target on NMI from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

NMI Stock Performance

NASDAQ NMIH opened at $40.84 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.89 and a beta of 1.12. The stock has a 50-day moving average of $39.05 and a 200 day moving average of $34.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. NMI Holdings, Inc. has a twelve month low of $25.62 and a twelve month high of $42.49.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. During the same period in the prior year, the company posted $0.95 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Sell-side analysts anticipate that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now directly owns 61,607 shares in the company, valued at approximately $2,424,235.45. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company 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.