Royce & Associates LP Sells 677 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Royce & Associates LP cut its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,871 shares of the financial services provider’s stock after selling 677 shares during the quarter. Royce & Associates LP owned 0.17% of NMI worth $5,679,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NMIH. SG Americas Securities LLC increased its holdings in shares of NMI by 101.1% in the first quarter. SG Americas Securities LLC now owns 10,003 shares of the financial services provider’s stock worth $323,000 after buying an additional 5,028 shares during the period. US Bancorp DE increased its stake in NMI by 12.0% in the 1st quarter. US Bancorp DE now owns 17,194 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 1,845 shares during the period. ProShare Advisors LLC lifted its position in NMI by 6.0% in the first quarter. ProShare Advisors LLC now owns 16,103 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 909 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NMI by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after purchasing an additional 358,930 shares during the period. Finally, UniSuper Management Pty Ltd bought a new position in shares of NMI in the first quarter worth approximately $507,000. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This trade represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company’s stock.

NMI Trading Down 0.0 %

NMIH opened at $37.61 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49. The stock has a market cap of $2.98 billion, a PE ratio of 8.61, a PEG ratio of 0.92 and a beta of 1.13. The business has a 50 day moving average of $39.89 and a 200-day moving average of $37.13.

Analyst Ratings Changes

A number of research firms recently commented on NMIH. JPMorgan Chase & Co. increased their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays increased their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Truist Financial boosted 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. Royal Bank of Canada dropped 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. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

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.