Royce & Associates LP Lowers Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Royce & Associates LP trimmed its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 137,871 shares of the financial services provider’s stock after selling 677 shares during the period. Royce & Associates LP’s holdings in NMI were worth $5,679,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NMIH. UniSuper Management Pty Ltd purchased a new stake in shares of NMI during the first quarter valued at approximately $507,000. Leeward Investments LLC MA lifted its position in NMI by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider’s stock valued at $10,450,000 after acquiring an additional 16,295 shares in the last quarter. Edgestream Partners L.P. boosted its stake in NMI by 13.1% during the 2nd quarter. Edgestream Partners L.P. now owns 172,794 shares of the financial services provider’s stock valued at $5,882,000 after purchasing an additional 20,048 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of NMI by 5.8% in the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock worth $17,915,000 after purchasing an additional 29,040 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock worth $231,818,000 after purchasing an additional 358,930 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Trading Down 0.0 %

Shares of NMIH stock opened at $37.61 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 0.92 and a beta of 1.13. NMI Holdings, Inc. has a 1 year low of $27.00 and a 1 year high of $42.49. The firm has a fifty day moving average price of $39.89 and a 200-day moving average price of $37.13.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NMIH shares. Royal Bank of Canada reduced their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Barclays increased their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Finally, Truist Financial increased their price target on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.29.

Insider Activity at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now directly owns 153,689 shares in the company, valued at $6,158,318.23. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

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.