Van Berkom & Associates Inc. Trims Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Van Berkom & Associates Inc. cut its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,106,663 shares of the financial services provider's stock after selling 244,951 shares during the quarter. NMI accounts for about 2.3% of Van Berkom & Associates Inc.'s portfolio, making the stock its 23rd biggest position. Van Berkom & Associates Inc. owned approximately 2.66% of NMI worth $77,441,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NMIH. State Street Corp grew its position in NMI by 1.0% in the 3rd quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock worth $146,857,000 after purchasing an additional 35,351 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake 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 worth $80,009,000 after buying an additional 534,818 shares during the last quarter. FMR LLC grew its holdings in shares of 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 acquiring an additional 107,771 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 in the last quarter. Finally, Donald Smith & CO. Inc. grew its holdings in shares of NMI by 11.1% in the third quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider's stock valued at $39,949,000 after acquiring an additional 97,125 shares in the last quarter. Institutional investors own 94.12% of the company's stock.

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NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.20 during midday trading on Tuesday, hitting $35.89. The company's stock had a trading volume of 223,212 shares, compared to its average volume of 485,273. The stock has a fifty day moving average price of $36.85 and a 200 day moving average price of $38.59. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 8.10, a P/E/G ratio of 1.41 and a beta of 1.12. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last posted its earnings results 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 return on equity of 17.33% and a net margin of 55.32%. On average, research analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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