NMI Holdings Inc $NMIH Stock: Van Berkom & Associates Inc. Cuts Holdings

Van Berkom & Associates Inc. lowered its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 76.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 434,983 shares of the financial services provider’s stock after selling 1,424,042 shares during the period. Van Berkom & Associates Inc.’s holdings in NMI were worth $16,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after buying an additional 34,372 shares in the last quarter. Bank of America Corp DE lifted its stake in NMI by 22.7% during the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after acquiring an additional 241,724 shares in the last quarter. Donald Smith & CO. Inc. bought a new position in NMI during the 2nd quarter valued at $36,262,000. Bank of New York Mellon Corp bought a new position in NMI during the 2nd quarter valued at $20,919,000. Finally, Winmill & CO. Inc. purchased a new position in NMI during the 2nd quarter worth $16,276,000. 94.12% of the stock is owned by institutional investors.

NMI Stock Performance

Shares of NMIH opened at $38.87 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.44 and a beta of 0.52. The stock has a 50 day moving average of $41.90 and a 200 day moving average of $40.37. NMI Holdings Inc has a 12 month low of $35.12 and a 12 month high of $46.74.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). NMI had a return on equity of 15.13% and a net margin of 54.10%. The business had revenue of $187.55 million during the quarter, compared to analysts’ expectations of $159.20 million. During the same period in the prior year, the firm posted $1.21 EPS. As a group, sell-side analysts forecast that NMI Holdings Inc will post 5.26 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on NMIH shares. BTIG Research started coverage on shares of NMI in a report on Tuesday, September 22nd. They set a “buy” rating and a $54.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on shares of NMI from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Truist Financial raised their price target on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price target on the stock. in a research report on Monday, August 3rd. Finally, Barclays cut their price target on shares of NMI from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.75.

Insider Activity

In other news, CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at $12,121,474.95. This trade represents a 38.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.44% of the stock is currently owned by corporate insiders.

NMI Company Profile

NMI Holdings, Inc provides private mortgage insurance through its subsidiary, National Mortgage Insurance Corporation. Its coverage helps lenders manage the risk of mortgage loans made to borrowers who have smaller down payments, while enabling borrowers to qualify for home financing without a 20% down payment.

The company offers mortgage insurance products and related services to mortgage lenders, banks, credit unions and other housing-market participants. Its offerings include borrower-paid and lender-paid coverage, along with technology and services that support mortgage insurance underwriting and policy management.

National MI began writing mortgage insurance in 2013 and serves customers across the United States.