Systematic Financial Management LP reduced its stake in NMI Holdings Inc (NASDAQ:NMIH) by 86.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,370 shares of the financial services provider’s stock after selling 479,255 shares during the quarter. Systematic Financial Management LP owned approximately 0.13% of NMI worth $959,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NMIH. California Public Employees Retirement System bought a new position in NMI in the 1st quarter worth $239,000. Vanguard Group Inc. raised its holdings in NMI by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 2,330,204 shares of the financial services provider’s stock worth $26,565,000 after purchasing an additional 179,396 shares during the period. Geode Capital Management LLC raised its holdings in NMI by 8.4% in the 1st quarter. Geode Capital Management LLC now owns 450,993 shares of the financial services provider’s stock worth $5,141,000 after purchasing an additional 35,013 shares during the period. Dimensional Fund Advisors LP raised its holdings in NMI by 22.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,998,134 shares of the financial services provider’s stock worth $22,778,000 after purchasing an additional 360,867 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in NMI by 14.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 230,237 shares of the financial services provider’s stock worth $2,625,000 after purchasing an additional 28,399 shares during the period. 83.50% of the stock is currently owned by institutional investors.

In other news, VP Julie Norberg sold 16,600 shares of NMI stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total value of $277,718.00. Following the sale, the vice president now directly owns 32,305 shares of the company’s stock, valued at $540,462.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $16.99, for a total value of $169,900.00. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

Shares of NMI Holdings Inc (NMIH) opened at $17.15 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1,023.57, a PE ratio of 29.91 and a beta of 0.83. NMI Holdings Inc has a twelve month low of $8.65 and a twelve month high of $17.40.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $48.95 million for the quarter, compared to analysts’ expectations of $45.79 million. NMI had a return on equity of 6.95% and a net margin of 51.80%. The business’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. equities research analysts predict that NMI Holdings Inc will post 0.56 EPS for the current year.

A number of equities analysts recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of NMI in a report on Monday, November 6th. BidaskClub raised NMI from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 5th. Zacks Investment Research raised NMI from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a report on Saturday, October 14th. Finally, Compass Point reissued a “neutral” rating and set a $13.00 price target on shares of NMI in a report on Saturday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $15.93.

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NMI Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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