Teza Capital Management LLC Has $277,000 Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Teza Capital Management LLC decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 60.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,522 shares of the financial services provider's stock after selling 11,562 shares during the quarter. Teza Capital Management LLC's holdings in NMI were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 39,503 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 buying an additional 145,591 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of 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 buying an additional 337,996 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of NMI by 0.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock worth $47,445,000 after buying an additional 4,570 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of 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 buying an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their target price on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Compass Point boosted their price target on NMI from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, NMI has a consensus rating of "Moderate Buy" and an average target price of $42.29.

Insider Activity at NMI

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total transaction of $466,227.16. Following the transaction, the insider now directly owns 163,796 shares in the company, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the 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 owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,152 shares of company stock worth $4,075,617 over the last ninety days. Insiders own 3.00% of the company's stock.

NMI Trading Up 0.5%

NMIH stock traded up $0.19 during trading on Friday, hitting $37.96. The company had a trading volume of 672,559 shares, compared to its average volume of 549,943. The business has a 50-day moving average of $35.70 and a 200-day moving average of $36.65. NMI Holdings, Inc. has a one year low of $31.60 and a one year high of $42.49. The stock has a market cap of $2.97 billion, a PE ratio of 8.57, a PEG ratio of 1.41 and a beta of 0.56. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS 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 business had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. During the same period in the prior year, the business posted $1.08 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. Research analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal 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.