Parametric Portfolio Associates LLC reduced its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 62.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,142 shares of the financial services provider’s stock after selling 27,211 shares during the period. Parametric Portfolio Associates LLC’s holdings in NMI Holdings were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Strs Ohio boosted its position in NMI Holdings by 26.5% in the first quarter. Strs Ohio now owns 64,400 shares of the financial services provider’s stock worth $734,000 after buying an additional 13,500 shares in the last quarter. Wells Fargo & Company MN boosted its position in NMI Holdings by 99.0% in the first quarter. Wells Fargo & Company MN now owns 65,100 shares of the financial services provider’s stock worth $742,000 after buying an additional 32,389 shares in the last quarter. Teachers Advisors LLC boosted its position in NMI Holdings by 54.5% in the fourth quarter. Teachers Advisors LLC now owns 139,962 shares of the financial services provider’s stock worth $1,491,000 after buying an additional 49,348 shares in the last quarter. Falcon Point Capital LLC boosted its position in NMI Holdings by 46.9% in the first quarter. Falcon Point Capital LLC now owns 203,216 shares of the financial services provider’s stock worth $2,317,000 after buying an additional 64,914 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in NMI Holdings by 170.7% in the first quarter. Russell Investments Group Ltd. now owns 356,032 shares of the financial services provider’s stock worth $4,059,000 after buying an additional 224,492 shares in the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

NMI Holdings Inc (NASDAQ NMIH) opened at 12.45 on Tuesday. NMI Holdings Inc has a 1-year low of $6.42 and a 1-year high of $12.70. The firm has a market cap of $745.28 million, a P/E ratio of 9.90 and a beta of 0.64. The firm has a 50-day moving average of $11.50 and a 200 day moving average of $11.25.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The business had revenue of $42.20 million during the quarter, compared to analyst estimates of $41.13 million. During the same period in the previous year, the business posted $0.03 EPS. The company’s quarterly revenue was up 43.1% on a year-over-year basis. On average, analysts predict that NMI Holdings Inc will post $0.54 EPS for the current year.

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A number of brokerages have issued reports on NMIH. BidaskClub lowered NMI Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Deutsche Bank AG set a $15.00 target price on NMI Holdings and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Keefe, Bruyette & Woods lowered NMI Holdings from an “outperform” rating to a “market perform” rating and set a $13.00 price objective on the stock. in a research report on Monday, July 17th. Compass Point lowered NMI Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered NMI Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.60.

In other news, Director James G. Jones sold 10,000 shares of NMI Holdings stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $11.25, for a total value of $112,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bradley M. Shuster sold 89,227 shares of NMI Holdings stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $11.81, for a total transaction of $1,053,770.87. The disclosure for this sale can be found here. Insiders sold a total of 159,227 shares of company stock valued at $1,873,071 over the last ninety days. Company insiders own 5.40% of the company’s stock.

NMI Holdings 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 Holdings (NASDAQ:NMIH)

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