River Road Asset Management LLC Sells 17,013 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

River Road Asset Management LLC trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686,429 shares of the financial services provider’s stock after selling 17,013 shares during the period. River Road Asset Management LLC owned about 2.08% of NMI worth $50,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in shares of NMI by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,139 shares of the financial services provider’s stock valued at $391,000 after buying an additional 381 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of NMI by 5.0% in the 3rd quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider’s stock valued at $323,000 after buying an additional 565 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of NMI by 20.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 3,665 shares of the financial services provider’s stock valued at $77,000 after buying an additional 617 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after buying an additional 627 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of NMI by 5.9% in the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after buying an additional 644 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent analyst reports. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. Truist Financial increased their price objective on shares of NMI from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Royal Bank of Canada increased their price objective on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $34.44.

NMI Stock Performance

NMIH traded down $0.14 during trading on Wednesday, reaching $29.50. 373,531 shares of the company’s stock were exchanged, compared to its average volume of 552,276. NMI Holdings, Inc. has a 1 year low of $22.22 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $2.38 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. The company’s fifty day simple moving average is $30.27 and its 200-day simple moving average is $29.18.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. The business had revenue of $151.38 million for the quarter, compared to analysts’ expectations of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. As a group, research analysts predict that NMI Holdings, Inc. will post 4.05 earnings per share for the current fiscal year.

Insider Transactions at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the sale, the executive vice president now owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Robert Owen Smith sold 3,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the sale, the executive vice president now owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total transaction of $33,454.15. Following the completion of the sale, the executive vice president now directly owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The disclosure for this sale can be found here. Insiders have sold 145,158 shares of company stock valued at $4,395,582 in the last 90 days. 2.40% of the stock is currently owned by company insiders.

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.