Thrivent Financial for Lutherans Sells 83,086 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Thrivent Financial for Lutherans lessened its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,300 shares of the financial services provider's stock after selling 83,086 shares during the period. Thrivent Financial for Lutherans owned 0.36% of NMI worth $10,598,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of NMI by 28.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,897 shares of the financial services provider's stock worth $2,220,000 after purchasing an additional 11,860 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in shares of NMI by 33.6% during the third quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider's stock worth $587,000 after buying an additional 3,585 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of NMI by 50.8% during the third quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider's stock worth $1,442,000 after buying an additional 11,798 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $43,829,000 after acquiring an additional 22,756 shares during the period. Finally, Citigroup Inc. grew its stake in shares of NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider's stock worth $5,321,000 after acquiring an additional 63,058 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

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NMI Price Performance

Shares of NMI stock traded up $0.20 during midday trading on Wednesday, hitting $36.28. 360,859 shares of the company were exchanged, compared to its average volume of 474,048. The firm has a 50 day simple moving average of $36.47 and a 200-day simple moving average of $38.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The firm has a market cap of $2.85 billion, a P/E ratio of 8.19, a PEG ratio of 1.41 and a beta of 1.02. 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 issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 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%. Research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target on the stock in a research note on Monday, February 24th. Finally, Barclays cut NMI from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. 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.com, NMI presently has a consensus rating of "Moderate Buy" and an average target price of $42.29.

Insiders Place Their Bets

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