NMI Holdings Inc $NMIH Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of NMI Holdings Inc (NASDAQ:NMIHFree Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025,185 shares of the financial services provider’s stock after selling 50,243 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.31% of NMI worth $36,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NMIH. Assenagon Asset Management S.A. grew its stake in shares of NMI by 70.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider’s stock worth $73,341,000 after purchasing an additional 844,037 shares during the period. Capital World Investors grew its stake in shares of NMI by 21.1% during the 4th quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock worth $42,274,000 after purchasing an additional 200,000 shares during the period. Captrust Financial Advisors acquired a new stake in shares of NMI during the 4th quarter worth approximately $5,747,000. Tudor Investment Corp ET AL grew its stake in shares of NMI by 325.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 151,719 shares of the financial services provider’s stock worth $5,577,000 after purchasing an additional 116,047 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NMI during the 1st quarter worth approximately $4,154,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman owned 409,792 shares of the company’s stock, valued at $16,211,371.52. The trade was a 4.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

NMI Price Performance

NMI stock opened at $38.67 on Tuesday. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. The company’s fifty day moving average price is $39.62 and its 200 day moving average price is $37.40. The stock has a market capitalization of $3.00 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.13 and a beta of 0.57.

NMI (NASDAQ:NMIHGet Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The company had revenue of $149.07 million for the quarter, compared to analysts’ expectations of $173.39 million. During the same quarter in the previous year, the company posted $1.20 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NMIH shares. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $42.00 to $43.00 in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Compass Point reissued a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Wall Street Zen cut shares of NMI from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Barclays lifted their price target on shares of NMI from $41.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NMI presently has a consensus rating of “Hold” and an average target price of $42.33.

View Our Latest Stock Report on NMI

NMI Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.