Yousif Capital Management LLC Sells 665 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Yousif Capital Management LLC decreased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,059 shares of the financial services provider’s stock after selling 665 shares during the period. Yousif Capital Management LLC’s holdings in NMI were worth $1,189,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NMIH. Vanguard Group Inc. raised its stake in NMI by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock valued at $178,356,000 after acquiring an additional 162,614 shares during the period. Van Berkom & Associates Inc. raised its position in shares of NMI by 7.3% in the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after purchasing an additional 185,099 shares during the period. American Century Companies Inc. lifted its stake in shares of NMI by 11.6% during the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock worth $26,787,000 after buying an additional 102,857 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of NMI by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 899,056 shares of the financial services provider’s stock worth $24,355,000 after buying an additional 71,617 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after buying an additional 402,793 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Bradley M. Shuster sold 6,559 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $29.81, for a total value of $195,523.79. Following the sale, the chairman now directly owns 453,298 shares of the company’s stock, valued at $13,512,813.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other NMI news, Chairman Bradley M. Shuster sold 12,836 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $30.53, for a total transaction of $391,883.08. Following the sale, the chairman now owns 427,271 shares of the company’s stock, valued at $13,044,583.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Bradley M. Shuster sold 6,559 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the transaction, the chairman now owns 453,298 shares of the company’s stock, valued at $13,512,813.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,158 shares of company stock worth $4,395,582. Insiders own 2.70% of the company’s stock.

NMI Trading Up 0.1 %

Shares of NMI stock opened at $32.51 on Friday. The firm’s 50-day moving average price is $30.57 and its two-hundred day moving average price is $29.52. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.16 and a beta of 1.06. The company has a quick ratio of 0.73, a current ratio of 0.89 and a debt-to-equity ratio of 0.20. NMI Holdings, Inc. has a 12-month low of $22.49 and a 12-month high of $32.80.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same period last year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that NMI Holdings, Inc. will post 4.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NMIH. JPMorgan Chase & Co. boosted their price objective on NMI from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Truist Financial increased their price objective on NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of NMI from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods raised their price target on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

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.