Hotchkis & Wiley Capital Management LLC Sells 56,020 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Hotchkis & Wiley Capital Management LLC reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 14.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,320 shares of the financial services provider's stock after selling 56,020 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.42% of NMI worth $13,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NMIH. Price T Rowe Associates Inc. MD boosted its position in NMI by 5.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider's stock valued at $1,865,000 after buying an additional 3,057 shares during the last quarter. CWM LLC grew its holdings in shares of NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock worth $101,000 after purchasing an additional 1,431 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of NMI during the 2nd quarter worth $29,000. Diversified Trust Co grew its holdings in shares of NMI by 6.7% during the 2nd quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider's stock worth $945,000 after purchasing an additional 1,733 shares during the period. Finally, Financial Strategies Group Inc. boosted its holdings in NMI by 77.1% during the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider's stock valued at $396,000 after acquiring an additional 5,013 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Down 2.6 %

NMIH stock traded down $1.05 during trading hours on Wednesday, reaching $39.16. 341,439 shares of the stock were exchanged, compared to its average volume of 529,310. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.98 and a beta of 1.10. The firm's 50-day moving average is $39.48 and its 200-day moving average is $37.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a 12 month low of $27.25 and a 12 month high of $42.49.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NMIH. Barclays lifted their price objective on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus target price of $43.29.

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.