NMI Holdings, Inc. (NASDAQ:NMIH) Stock Position Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,536 shares of the financial services provider's stock after selling 9,111 shares during the period. Brandywine Global Investment Management LLC owned 0.25% of NMI worth $7,335,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. boosted its position in shares of NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of NMI by 288.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 1,387 shares during the last quarter. KBC Group NV grew its stake in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after buying an additional 892 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock worth $198,000 after buying an additional 846 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of NMI in the 4th quarter worth $203,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

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NMI Stock Down 5.7 %

NASDAQ NMIH traded down $2.05 on Friday, reaching $33.83. The company had a trading volume of 725,969 shares, compared to its average volume of 517,382. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a 50-day moving average of $36.21 and a 200-day moving average of $37.79. The firm has a market capitalization of $2.65 billion, a PE ratio of 7.64, a P/E/G ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, equities research analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Activity

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NMIH. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. UBS Group decreased their target price on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective for the company in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.29.

NMI 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.