Dimensional Fund Advisors LP Acquires 8,894 Shares of NMI Holdings Inc $NMIH

Key Points

• Dimensional Fund Advisors LP increased its stake in NMI Holdings by 0.2%, owning 4,386,109 shares worth approximately $158 million as of its latest SEC filing.
• NMI reported a quarterly earnings per share (EPS) of $1.22, exceeding analyst expectations of $1.16, with a revenue of $149.07 million for the quarter.
• Analyst ratings for NMI Holdings are mixed, with some upgrades to price targets by firms like Barclays and JPMorgan, and an average rating of "Moderate Buy" for the stock.

Dimensional Fund Advisors LP increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,386,109 shares of the financial services provider's stock after purchasing an additional 8,894 shares during the period. Dimensional Fund Advisors LP owned 5.61% of NMI worth $158,117,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in shares of NMI in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of NMI during the 1st quarter worth about $33,000. Neo Ivy Capital Management bought a new position in NMI during the 1st quarter valued at about $47,000. Caitong International Asset Management Co. Ltd bought a new position in shares of NMI in the first quarter worth about $48,000. Finally, GAMMA Investing LLC raised its holdings in NMI by 104.2% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider's stock worth $56,000 after purchasing an additional 798 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Trading Up 2.9%

NASDAQ NMIH traded up $1.12 during trading on Friday, hitting $40.35. 334,665 shares of the company's stock traded hands, compared to its average volume of 420,311. The stock has a fifty day moving average of $39.56 and a two-hundred day moving average of $37.44. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The firm has a market cap of $3.13 billion, a P/E ratio of 8.57, a PEG ratio of 1.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $149.07 million for the quarter, compared to analysts' expectations of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, sell-side analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the subject of several research analyst reports. Barclays upped their price target on shares of NMI from $41.00 to $42.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Compass Point reaffirmed a "buy" rating and issued a $37.00 target price (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered NMI from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Wall Street Zen downgraded shares of NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NMI from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Activity

In other news, Chairman Bradley M. Shuster sold 21,545 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the completion of the sale, the chairman owned 409,792 shares of the company's stock, valued at $16,211,371.52. The trade was a 4.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

NMI Company 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.