NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,686,429 shares of the financial services provider’s stock after selling 17,013 shares during the quarter. River Road Asset Management LLC’s holdings in NMI were worth $50,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in NMI in the first quarter valued at $33,000. Quarry LP purchased a new position in shares of NMI in the second quarter valued at $34,000. Public Employees Retirement System of Ohio increased its position in shares of NMI by 45.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after buying an additional 627 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of NMI by 160.1% in the first quarter. Tower Research Capital LLC TRC now owns 2,034 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,252 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of NMI in the second quarter valued at $48,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling

In related news, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the transaction, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the transaction, the chairman now directly owns 453,298 shares in the company, valued at $13,512,813.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,158 shares of company stock valued at $4,395,582. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods raised their price target on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Royal Bank of Canada raised their price target on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Truist Financial lifted their price objective on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus price target of $34.44.

NMI Trading Down 0.5 %

Shares of NASDAQ NMIH traded down $0.14 during midday trading on Wednesday, hitting $29.50. The stock had a trading volume of 373,531 shares, compared to its average volume of 552,276. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.10 and a beta of 1.06. NMI Holdings, Inc. has a 1-year low of $22.22 and a 1-year high of $32.50. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $30.27 and a 200 day moving average price of $29.18.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $151.38 million for the quarter, compared to analyst estimates of $131.70 million. NMI had a return on equity of 17.97% and a net margin of 55.63%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts predict that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

NMI Profile

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.