Yousif Capital Management LLC Decreases Stock Holdings in NMI Holdings Inc (NASDAQ:NMIH)

Yousif Capital Management LLC trimmed its position in NMI Holdings Inc (NASDAQ:NMIH) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,030 shares of the financial services provider’s stock after selling 941 shares during the quarter. Yousif Capital Management LLC’s holdings in NMI were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of NMI by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after buying an additional 39,503 shares during the period. American Century Companies Inc. increased its stake in shares of NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after buying an additional 145,591 shares during the period. Donald Smith & CO. Inc. increased its stake in shares of NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after buying an additional 337,996 shares during the period. Nuveen Asset Management LLC increased its stake in shares of NMI by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider’s stock worth $47,445,000 after buying an additional 4,570 shares during the period. Finally, Capital World Investors increased its stake in shares of NMI by 21.1% in the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock worth $42,274,000 after buying an additional 200,000 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NMIH stock opened at $40.38 on Thursday. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $42.49. The stock has a market cap of $3.15 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.34 and a beta of 0.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average price is $37.29 and its 200-day moving average price is $36.79.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.93% and a return on equity of 17.27%. The firm had revenue of $173.25 million for the quarter, compared to analysts’ expectations of $169.04 million. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Compass Point reiterated a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. UBS Group cut their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Wall Street Zen upgraded shares of NMI from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Insider Activity

In other news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.58, for a total value of $731,600.00. Following the completion of the transaction, the executive vice president now owns 84,566 shares of the company’s stock, valued at $3,093,424.28. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the completion of the transaction, the chairman now directly owns 409,792 shares of the company’s stock, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,697 shares of company stock worth $4,210,337. Corporate insiders own 3.00% 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.