Dana Investment Advisors Inc. Sells 2,802 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Dana Investment Advisors Inc. lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 208,882 shares of the financial services provider’s stock after selling 2,802 shares during the period. Dana Investment Advisors Inc. owned approximately 0.26% of NMI worth $7,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NMIH. Opal Wealth Advisors LLC acquired a new position in NMI in the second quarter valued at about $29,000. Quarry LP increased its holdings in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of NMI in the 1st quarter valued at approximately $31,000. TFO Wealth Partners LLC lifted its holdings in shares of NMI by 24,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of NMI during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NMIH shares. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Royal Bank of Canada upgraded NMI from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $48.00 in a research report on Wednesday, September 18th. Barclays increased their target price on shares of NMI from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Truist Financial lifted their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

NMI Stock Down 0.1 %

NASDAQ:NMIH opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. NMI Holdings, Inc. has a one year low of $25.62 and a one year high of $42.49. The company has a market cap of $3.30 billion, a PE ratio of 10.18, a P/E/G ratio of 0.94 and a beta of 1.12. The firm’s 50 day simple moving average is $39.48 and its 200 day simple moving average is $35.06.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $138.49 million. During the same period in the prior year, the business posted $0.95 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. On average, research analysts anticipate that NMI Holdings, Inc. will post 4.5 earnings per share for the current year.

Insider Activity

In related news, Director Michael J. Embler sold 26,008 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the transaction, the director now owns 61,607 shares in the company, valued at $2,424,235.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NMI news, Director Michael J. Embler sold 26,008 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total value of $1,023,414.80. Following the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was 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 disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

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.