Hotchkis & Wiley Capital Management LLC Decreases Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Hotchkis & Wiley Capital Management LLC reduced its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 330,320 shares of the financial services provider’s stock after selling 56,020 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in NMI were worth $13,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Centiva Capital LP raised its stake in shares of NMI by 222.0% during the third quarter. Centiva Capital LP now owns 24,882 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 17,154 shares during the period. Paloma Partners Management Co acquired a new stake in NMI during the 3rd quarter valued at $305,000. Point72 Asia Singapore Pte. Ltd. increased its stake in NMI by 21.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock worth $198,000 after buying an additional 846 shares during the period. Point72 Hong Kong Ltd acquired a new position in NMI in the 3rd quarter worth $431,000. Finally, Erste Asset Management GmbH purchased a new position in NMI in the 3rd quarter valued at about $542,000. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

Shares of NMIH opened at $40.21 on Wednesday. The stock has a market capitalization of $3.18 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10. The business’s fifty day moving average price is $39.51 and its 200 day moving average price is $37.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a 12-month low of $27.25 and a 12-month high of $42.49.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Royal Bank of Canada cut their target price on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Barclays upped their price target on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and an average 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.