Dimensional Fund Advisors LP Buys 31,570 Shares of NMI Holdings Inc $NMIH

Key Points

• Dimensional Fund Advisors increased its position by 31,570 shares in Q3 and now owns 4,288,867 shares of NMI (~5.58%), valued at about $164.4 million.
• Insider selling was notable last quarter — executives sold 132,487 shares worth $5.25 million (including the chairman's 55,000-share sale), leaving insiders with just 3% ownership.
• NMI trades around $38.55 with a market cap of $2.93 billion and a PE of 7.85; the firm recently beat EPS estimates and has a consensus analyst rating of "Moderate Buy" with a $43 price target.

Dimensional Fund Advisors LP raised its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,288,867 shares of the financial services provider's stock after acquiring an additional 31,570 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.58% of NMI worth $164,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in shares of NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 291 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in NMI in the second quarter worth $49,000. Financial Consulate Inc. bought a new position in NMI in the third quarter worth $55,000. Nisa Investment Advisors LLC lifted its position in NMI by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider's stock valued at $60,000 after buying an additional 289 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of NMI by 1,308.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,779 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Trading Up 0.7%

Shares of NASDAQ NMIH opened at $38.55 on Tuesday. The firm's 50 day moving average price is $39.33 and its 200-day moving average price is $38.63. The company has a market cap of $2.93 billion, a PE ratio of 7.85, a P/E/G ratio of 1.05 and a beta of 0.63. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The company had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities research analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 55,000 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares of the company's stock, valued at $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of NMI stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president owned 38,733 shares of the company's stock, valued at $1,545,059.37. The trade was a 29.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 132,487 shares of company stock worth $5,251,908 over the last quarter. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NMIH has been the subject of several research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of NMI in a research note on Thursday, January 22nd. UBS Group set a $43.00 price objective on shares of NMI in a report on Monday, January 12th. JPMorgan Chase & Co. raised their target price on shares of NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, January 12th. Barclays boosted their price target on NMI from $43.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, NMI has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

NMI Company Profile

NMI Holdings, Inc NASDAQ: NMIH is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers' access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.

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