NMI Holdings, Inc. (NASDAQ:NMIH) Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,565 shares of the financial services provider's stock after selling 31,482 shares during the period. Ameriprise Financial Inc. owned approximately 0.42% of NMI worth $12,335,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after acquiring an additional 39,503 shares during the period. American Century Companies Inc. boosted its position in NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock worth $71,946,000 after purchasing an additional 145,591 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock worth $48,077,000 after purchasing an additional 337,996 shares in the last quarter. Capital World Investors boosted its position in NMI by 21.1% during the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock worth $42,274,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in NMI by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock worth $39,533,000 after purchasing an additional 11,347 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the sale, the chief executive officer now owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,152 shares of company stock valued at $4,075,617 in the last quarter. Corporate insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NMIH shares. 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. Keefe, Bruyette & Woods decreased their target price on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen upgraded NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Compass Point boosted their target price on NMI from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.19 during mid-day trading on Friday, hitting $37.96. The company had a trading volume of 672,559 shares, compared to its average volume of 550,656. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 12 month low of $31.60 and a 12 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 firm's 50 day simple moving average is $35.70 and its two-hundred day simple moving average is $36.64.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to the consensus estimate of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, equities research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.