Los Angeles Capital Management LLC Reduces Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Los Angeles Capital Management LLC lessened its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,880 shares of the financial services provider's stock after selling 27,056 shares during the period. Los Angeles Capital Management LLC's holdings in NMI were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NMIH. State Street Corp increased its holdings in shares of NMI by 1.0% during the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock valued at $146,857,000 after purchasing an additional 35,351 shares in the last quarter. FMR LLC increased its holdings in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock valued at $62,489,000 after buying an additional 107,771 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NMI by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider's stock worth $43,829,000 after acquiring an additional 22,756 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NMI by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock worth $31,955,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NMI by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider's stock valued at $16,625,000 after acquiring an additional 15,868 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several analysts have commented on the company. Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective on the stock in a report on Monday, February 24th. UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Barclays lowered shares of NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $48.00 to $41.00 in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, Royal Bank of Canada lowered their price target on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NMI presently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

Insiders Place Their Bets

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were 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 directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

NMI Trading Up 0.4 %

Shares of NMI stock traded up $0.13 on Wednesday, reaching $35.81. The company had a trading volume of 364,137 shares, compared to its average volume of 512,945. 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 has a market cap of $2.81 billion, a PE ratio of 8.08, a PEG ratio of 1.41 and a beta of 1.02. The firm's 50 day moving average price is $36.73 and its two-hundred day moving average price is $38.51. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) 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%. Sell-side 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.