Russell Investments Group Ltd. Reduces Position in NMI Holdings Inc (NMIH)

Russell Investments Group Ltd. reduced its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,942 shares of the financial services provider’s stock after selling 40,851 shares during the quarter. Russell Investments Group Ltd. owned 0.85% of NMI worth $6,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NMIH. Capital Research Global Investors raised its holdings in shares of NMI by 72.5% in the 2nd quarter. Capital Research Global Investors now owns 3,481,202 shares of the financial services provider’s stock worth $39,860,000 after purchasing an additional 1,462,624 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of NMI by 849.8% in the 2nd quarter. Wells Fargo & Company MN now owns 618,321 shares of the financial services provider’s stock worth $7,081,000 after purchasing an additional 553,221 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NMI by 22.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,445,052 shares of the financial services provider’s stock worth $27,996,000 after purchasing an additional 446,918 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of NMI by 531.7% in the 2nd quarter. Alliancebernstein L.P. now owns 289,320 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 243,520 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of NMI by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,569,591 shares of the financial services provider’s stock worth $29,421,000 after purchasing an additional 239,387 shares in the last quarter. Institutional investors and hedge funds own 83.57% of the company’s stock.

In related news, EVP Patrick L. Mathis sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $17.80, for a total transaction of $267,000.00. The disclosure for this sale can be found here. Insiders have sold 41,600 shares of company stock worth $714,618 over the last ninety days. 5.40% of the stock is currently owned by insiders.

NMIH has been the topic of several analyst reports. Deutsche Bank downgraded shares of NMI from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Friday, November 3rd. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 5th. ValuEngine raised shares of NMI from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Saturday, October 14th. Finally, BTIG Research reissued a “buy” rating and issued a $17.00 target price on shares of NMI in a research report on Sunday, November 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.93.

NMI Holdings Inc (NASDAQ NMIH) opened at $17.50 on Friday. The firm has a market cap of $1,044.58, a P/E ratio of 30.53 and a beta of 0.84. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI Holdings Inc has a 1 year low of $9.35 and a 1 year high of $17.95.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. NMI had a net margin of 51.80% and a return on equity of 6.95%. The business had revenue of $48.95 million for the quarter, compared to the consensus estimate of $45.79 million. During the same period last year, the firm posted $0.10 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. research analysts predict that NMI Holdings Inc will post 0.56 EPS for the current year.

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NMI Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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