Tealwood Asset Management Inc. Sells 11,674 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Tealwood Asset Management Inc. reduced its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,816 shares of the financial services provider’s stock after selling 11,674 shares during the quarter. Tealwood Asset Management Inc.’s holdings in NMI were worth $1,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in NMI by 2.9% during the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 805 shares during the period. GAMMA Investing LLC increased its position in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of NMI in the second quarter valued at $1,328,000. Sanctuary Advisors LLC bought a new stake in shares of NMI in the 2nd quarter worth about $1,603,000. Finally, Clearbridge Investments LLC boosted its stake in shares of NMI by 24.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,001,095 shares of the financial services provider’s stock worth $34,077,000 after purchasing an additional 195,779 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods increased their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Royal Bank of Canada upgraded NMI from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $48.00 in a report on Wednesday, September 18th. JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays boosted their target price on shares of NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

Insiders Place Their Bets

In related news, insider William J. Leatherberry sold 3,000 shares of the company’s 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 transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares in the company, valued at approximately $2,424,235.45. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

NMI Stock Up 1.3 %

NASDAQ:NMIH traded up $0.53 during midday trading on Tuesday, reaching $41.33. 175,758 shares of the stock traded hands, compared to its average volume of 538,172. The stock has a market capitalization of $3.32 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.12. NMI Holdings, Inc. has a 12-month low of $26.41 and a 12-month high of $42.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The business has a 50-day moving average of $39.71 and a two-hundred day moving average of $35.43.

NMI (NASDAQ:NMIH) last issued its quarterly 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. The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. NMI had a return on equity of 18.29% and a net margin of 56.40%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the company earned $0.95 earnings per share. On average, equities analysts forecast that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal 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.