Dimensional Fund Advisors LP Has $84.10 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Dimensional Fund Advisors LP lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,024,135 shares of the financial services provider’s stock after purchasing an additional 300,757 shares during the period. Dimensional Fund Advisors LP owned 4.81% of NMI worth $84,103,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of NMI during the 1st quarter worth about $33,000. Public Employees Retirement System of Ohio increased its stake in shares of NMI by 45.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 627 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of NMI by 54.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,662 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 944 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of NMI by 136.6% during the 1st quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,833 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of NMI by 264.8% during the 3rd quarter. Lazard Asset Management LLC now owns 4,312 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 3,130 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 2,776 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $23.72, for a total transaction of $65,846.72. Following the completion of the sale, the director now owns 61,678 shares of the company’s stock, valued at approximately $1,463,002.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

NMI Stock Performance

NASDAQ NMIH opened at $24.98 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.08 billion, a P/E ratio of 7.14 and a beta of 1.26. NMI Holdings, Inc. has a 12-month low of $15.33 and a 12-month high of $25.90. The firm has a 50-day moving average price of $22.85 and a two-hundred day moving average price of $22.17.

NMI (NASDAQ:NMIH – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $133.10 million during the quarter, compared to the consensus estimate of $134.93 million. NMI had a net margin of 56.26% and a return on equity of 18.75%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. Analysts anticipate that NMI Holdings, Inc. will post 3.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NMIH. StockNews.com began coverage on shares of NMI in a report on Thursday, May 18th. They set a “buy” rating for the company. JPMorgan Chase & Co. reduced their target price on shares of NMI from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, April 17th. Finally, Citigroup lifted their target price on shares of NMI from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, February 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.38.

NMI Profile

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NMI Holdings, Inc engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.