NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 88.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 175,686 shares of the financial services provider's stock after selling 1,391,147 shares during the quarter. River Road Asset Management LLC owned approximately 0.22% of NMI worth $7,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of NMI by 989.9% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after buying an additional 2,950 shares during the period. Donald Smith & CO. Inc. increased its position in NMI by 11.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider's stock valued at $39,949,000 after purchasing an additional 97,125 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after purchasing an additional 534,818 shares in the last quarter. Creative Planning lifted its position in shares of NMI by 13.4% in the 3rd quarter. Creative Planning now owns 20,006 shares of the financial services provider's stock worth $824,000 after purchasing an additional 2,357 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of NMI by 24.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 46,700 shares of the financial services provider's stock valued at $1,924,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NMIH. Keefe, Bruyette & Woods boosted their price target on NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Royal Bank of Canada upgraded shares of NMI from a "sector perform" rating to an "outperform" rating and raised their price target for the company from $40.00 to $48.00 in a report on Wednesday, September 18th. Barclays boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Truist Financial raised their target price on shares of NMI from $37.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.43.

NMI Stock Performance

NMIH stock traded up $1.72 during midday trading on Wednesday, reaching $39.28. The stock had a trading volume of 1,048,842 shares, compared to its average volume of 531,748. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a fifty day simple moving average of $40.36 and a two-hundred day simple moving average of $36.74. The stock has a market cap of $3.13 billion, a PE ratio of 9.31, a P/E/G ratio of 0.84 and a beta of 1.13. NMI Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.49.

Insider Transactions at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company's stock.

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.