Dimensional Fund Advisors LP Has $160.91 Million Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Dimensional Fund Advisors LP lowered its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,377,215 shares of the financial services provider's stock after selling 20,189 shares during the quarter. Dimensional Fund Advisors LP owned about 5.53% of NMI worth $160,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NMIH. Jump Financial LLC grew its stake in NMI by 45.1% in the 4th quarter. Jump Financial LLC now owns 71,729 shares of the financial services provider's stock valued at $2,637,000 after buying an additional 22,281 shares during the last quarter. XTX Topco Ltd grew its position in shares of NMI by 13.4% in the fourth quarter. XTX Topco Ltd now owns 15,642 shares of the financial services provider's stock valued at $575,000 after purchasing an additional 1,844 shares during the last quarter. Barclays PLC grew its position in shares of NMI by 43.6% in the fourth quarter. Barclays PLC now owns 555,618 shares of the financial services provider's stock valued at $20,424,000 after purchasing an additional 168,619 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of NMI by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after purchasing an additional 433 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $84,000 after purchasing an additional 2,036 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Price Performance

Shares of NMI stock traded up $2.53 during trading on Wednesday, hitting $36.17. 1,774,159 shares of the company's stock traded hands, compared to its average volume of 545,032. NMI Holdings, Inc. has a twelve month low of $30.35 and a twelve month high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a market cap of $2.83 billion, a PE ratio of 8.16, a PEG ratio of 1.41 and a beta of 0.62. The firm's fifty day moving average price is $34.89 and its 200 day moving average price is $36.83.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The company had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. During the same period in the prior year, the company posted $1.08 EPS. The company's revenue was up 10.8% compared to the same quarter last year. Analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on NMIH shares. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.14.

Insider Buying and Selling at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. The trade was a 34.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares of the company's stock, valued at $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.