Brandywine Global Investment Management LLC Sells 7,200 Shares of NMI Holdings Inc $NMIH

Brandywine Global Investment Management LLC decreased its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,825 shares of the financial services provider’s stock after selling 7,200 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in NMI were worth $7,798,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of NMI by 9.0% during the first quarter. American Century Companies Inc. now owns 2,133,945 shares of the financial services provider’s stock worth $76,929,000 after buying an additional 176,766 shares during the last quarter. Geode Capital Management LLC raised its stake in NMI by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after purchasing an additional 5,628 shares during the last quarter. Millennium Management LLC raised its stake in NMI by 209.9% during the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after purchasing an additional 970,551 shares during the last quarter. Nuveen LLC bought a new stake in NMI in the 1st quarter valued at $44,886,000. Finally, Allianz Asset Management GmbH grew its position in NMI by 76.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock worth $27,008,000 after purchasing an additional 277,318 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Insider Buying and Selling at NMI

In other news, Director Steven Scheid sold 19,926 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the transaction, the director directly owned 78,960 shares in the company, valued at $3,103,917.60. This trade represents a 20.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

NMI Stock Performance

Shares of NMI stock opened at $37.63 on Friday. The firm has a market cap of $2.89 billion, a P/E ratio of 7.87, a P/E/G ratio of 1.17 and a beta of 0.63. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $37.17 and a 200 day simple moving average of $38.59.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same quarter in the previous year, the company earned $1.15 EPS. NMI’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NMIH. Barclays restated a “cautious” rating on shares of NMI in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.20.

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.