Mutual of America Capital Management LLC Sells 1,389 Shares of NMI Holdings Inc $NMIH

Mutual of America Capital Management LLC lessened its position in NMI Holdings Inc (NASDAQ:NMIH) by 12.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,036 shares of the financial services provider’s stock after selling 1,389 shares during the period. Mutual of America Capital Management LLC’s holdings in NMI were worth $423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Maseco LLP bought a new position in NMI during the second quarter worth about $32,000. Neo Ivy Capital Management bought a new stake in NMI during the 1st quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of NMI in the first quarter valued at approximately $48,000. Quarry LP boosted its holdings in shares of NMI by 89.3% in the first quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock valued at $53,000 after buying an additional 699 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of NMI by 104.2% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider’s stock valued at $56,000 after buying an additional 798 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NMIH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Barclays reiterated a “cautious” rating on shares of NMI in a report on Monday, October 6th. Keefe, Bruyette & Woods downgraded NMI from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $42.00 to $43.00 in a research report on Monday, July 7th. Wall Street Zen cut NMI from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Insiders Place Their Bets

In related news, Director Steven Scheid sold 19,926 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the sale, the director directly owned 78,960 shares of the company’s stock, valued at $3,103,917.60. This trade represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by company insiders.

NMI Price Performance

NMI stock opened at $35.95 on Wednesday. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The stock’s 50 day moving average is $38.14 and its 200-day moving average is $38.30. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.04 and a beta of 0.56.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. NMI had a return on equity of 16.51% and a net margin of 55.57%.The firm had revenue of $149.07 million during the quarter, compared to analysts’ expectations of $173.39 million. During the same period in the previous year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

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.