Yousif Capital Management LLC Sells 665 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Yousif Capital Management LLC lowered its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.6% in the 4th quarter, Holdings Channel reports. The firm owned 40,059 shares of the financial services provider’s stock after selling 665 shares during the quarter. Yousif Capital Management LLC’s holdings in NMI were worth $1,189,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NMIH. Vanguard Group Inc. increased its position in shares of NMI by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock valued at $178,356,000 after buying an additional 162,614 shares during the period. Van Berkom & Associates Inc. grew its stake in NMI by 7.3% during the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after acquiring an additional 185,099 shares in the last quarter. American Century Companies Inc. increased its holdings in NMI by 11.6% during the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock worth $26,787,000 after acquiring an additional 102,857 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NMI by 8.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 899,056 shares of the financial services provider’s stock worth $24,355,000 after purchasing an additional 71,617 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after purchasing an additional 402,793 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a report on Friday. Truist Financial boosted their price objective on NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average target price of $34.67.

NMI Stock Up 0.1 %

Shares of NMIH opened at $32.51 on Friday. The firm has a market cap of $2.62 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.16 and a beta of 1.06. NMI Holdings, Inc. has a 1 year low of $22.49 and a 1 year high of $32.80. The stock has a 50 day simple moving average of $30.57 and a two-hundred day simple moving average of $29.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.73.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. The company had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. NMI had a net margin of 56.26% and a return on equity of 18.09%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, analysts forecast that NMI Holdings, Inc. will post 4.09 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In other news, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the sale, the executive vice president now owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other NMI news, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the transaction, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Owen Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at $2,576,668.28. The disclosure for this sale can be found here. Insiders sold a total of 145,158 shares of company stock worth $4,395,582 over the last three months. Company 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.