Rhumbline Advisers Sells 10,863 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Rhumbline Advisers lowered its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 215,305 shares of the financial services provider's stock after selling 10,863 shares during the quarter. Rhumbline Advisers owned 0.28% of NMI worth $7,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Principal Securities Inc. increased its position in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,387 shares during the last quarter. Covestor Ltd increased its holdings in NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 1,623 shares during the period. Sterling Capital Management LLC raised its position 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 worth $84,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Virtus Fund Advisers LLC raised its position in NMI by 43.7% during the 4th quarter. Virtus Fund Advisers LLC now owns 3,714 shares of the financial services provider's stock worth $137,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

Wall Street Analyst Weigh In

NMIH has been the subject of several recent research reports. UBS Group decreased 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. JPMorgan Chase & Co. decreased their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Compass Point reissued a "buy" rating and set a $37.00 target price (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.29.

NMI Trading Up 0.5%

Shares of NMI stock traded up $0.20 on Thursday, reaching $40.60. 434,594 shares of the company's stock were exchanged, compared to its average volume of 556,474. The company has a market capitalization of $3.17 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55. NMI Holdings, Inc. has a 52 week low of $31.67 and a 52 week high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm's 50-day moving average is $36.77 and its two-hundred day moving average is $36.79.

NMI (NASDAQ:NMIH - Get Free Report) last issued its 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. NMI had a net margin of 55.32% and a return on equity of 17.33%. The business 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 firm earned $1.08 earnings per share. NMI's revenue was up 10.8% on a year-over-year basis. Sell-side analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Transactions at NMI

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the completion of the transaction, the executive vice president now owns 84,566 shares in the company, valued at approximately $3,093,424.28. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the sale, the insider now directly owns 163,796 shares of the company's stock, valued at $5,824,585.76. This represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock valued at $4,210,337 in the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

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.