Capital World Investors lowered its position in NMI Holdings Inc (NASDAQ:NMIH) by 47.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,315,000 shares of the financial services provider’s stock after selling 1,168,000 shares during the period. Capital World Investors’ holdings in NMI were worth $29,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new stake in NMI in the third quarter worth approximately $106,000. Glen Harbor Capital Management LLC boosted its stake in NMI by 70.0% in the second quarter. Glen Harbor Capital Management LLC now owns 6,358 shares of the financial services provider’s stock worth $104,000 after buying an additional 2,618 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in NMI in the second quarter worth approximately $129,000. Meadow Creek Investment Management LLC boosted its stake in NMI by 70.0% in the second quarter. Meadow Creek Investment Management LLC now owns 9,826 shares of the financial services provider’s stock worth $160,000 after buying an additional 4,046 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in NMI in the third quarter worth approximately $275,000. 90.55% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on NMIH shares. Barclays started coverage on NMI in a research note on Monday, September 10th. They issued an “overweight” rating and a $28.00 target price for the company. BidaskClub raised NMI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 13th. Compass Point upped their target price on NMI from $23.50 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $28.00 in a research note on Monday, November 5th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. NMI presently has an average rating of “Buy” and an average price target of $24.80.

NASDAQ:NMIH opened at $17.78 on Tuesday. The company has a market cap of $1.20 billion, a PE ratio of 31.19 and a beta of 1.08. NMI Holdings Inc has a fifty-two week low of $13.35 and a fifty-two week high of $24.50. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, October 30th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $71.76 million during the quarter. NMI had a return on equity of 15.86% and a net margin of 27.89%. Sell-side analysts anticipate that NMI Holdings Inc will post 1.62 earnings per share for the current year.

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About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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