Donald Smith & CO. Inc. Sells 84,409 Shares of NMI Holdings Inc $NMIH

Donald Smith & CO. Inc. decreased its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 18.4% during the fourth quarter, HoldingsChannel reports. The fund owned 375,207 shares of the financial services provider’s stock after selling 84,409 shares during the quarter. Donald Smith & CO. Inc.’s holdings in NMI were worth $15,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System raised its holdings in NMI by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after acquiring an additional 328 shares during the period. Illinois Municipal Retirement Fund raised its holdings in NMI by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 40,830 shares of the financial services provider’s stock valued at $1,665,000 after acquiring an additional 372 shares during the period. Covestor Ltd raised its holdings in NMI by 11.4% during the 4th quarter. Covestor Ltd now owns 3,894 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 398 shares during the period. EverSource Wealth Advisors LLC raised its holdings in NMI by 19.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 401 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in NMI by 4.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,836 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 408 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insider Transactions at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bradley M. Shuster sold 18,996 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $37.05, for a total value of $703,801.80. Following the transaction, the chairman directly owned 415,411 shares in the company, valued at $15,390,977.55. This trade represents a 4.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 39,503 shares of company stock worth $1,470,593 over the last ninety days. Insiders own 2.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NMIH shares. Barclays lowered their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Keefe, Bruyette & Woods lowered their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Weiss Ratings cut shares of NMI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. UBS Group set a $46.00 price target on shares of NMI in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada began coverage on shares of NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price target for the company. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

NMI Trading Up 1.1%

NASDAQ NMIH opened at $37.04 on Thursday. The stock’s 50-day simple moving average is $38.14 and its two-hundred day simple moving average is $38.70. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $43.20. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 7.54, a PEG ratio of 1.27 and a beta of 0.55.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The business had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts forecast that NMI Holdings Inc will post 5.12 EPS for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.