NMI Holdings Inc $NMIH Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. trimmed its stake in NMI Holdings Inc (NASDAQ:NMIH) by 45.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 465,610 shares of the financial services provider’s stock after selling 383,024 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.60% of NMI worth $19,644,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NMIH. Cetera Investment Advisers increased its stake in NMI by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 341 shares in the last quarter. LPL Financial LLC raised its holdings in shares of NMI by 4.7% during the first quarter. LPL Financial LLC now owns 52,321 shares of the financial services provider’s stock valued at $1,886,000 after acquiring an additional 2,359 shares during the period. Natixis Advisors LLC lifted its position in shares of NMI by 11.4% in the 1st quarter. Natixis Advisors LLC now owns 35,326 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 3,629 shares in the last quarter. PNC Financial Services Group Inc. grew its position in NMI by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 497 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in NMI during the 1st quarter valued at $466,000. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

NASDAQ NMIH opened at $37.57 on Friday. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The stock’s 50-day moving average is $36.96 and its two-hundred day moving average is $38.59. The firm has a market cap of $2.89 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 1.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The business had revenue of $171.56 million for the quarter, compared to analyst estimates of $177.01 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays reaffirmed a “cautious” rating on shares of NMI in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NMI from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Insider Activity at NMI

In other news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total transaction of $783,291.06. Following the sale, the director directly owned 78,960 shares of the company’s stock, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company 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.