Van Berkom & Associates Inc. Sells 244,951 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Van Berkom & Associates Inc. reduced its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,106,663 shares of the financial services provider’s stock after selling 244,951 shares during the quarter. NMI comprises 2.3% of Van Berkom & Associates Inc.’s holdings, making the stock its 23rd largest holding. Van Berkom & Associates Inc.’s holdings in NMI were worth $77,441,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NMIH. Principal Securities Inc. raised its holdings in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 286 shares during the period. KBC Group NV raised its stake in NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares during the period. Farther Finance Advisors LLC raised its stake in NMI by 989.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after buying an additional 2,950 shares during the period. CWM LLC boosted its holdings in NMI by 32.3% in the third quarter. CWM LLC now owns 3,936 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 962 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 846 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NMIH shares. JPMorgan Chase & Co. lowered their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group lowered their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Trading Up 0.0 %

Shares of NMIH stock opened at $35.19 on Friday. NMI Holdings, Inc. has a 52-week low of $28.82 and a 52-week high of $42.49. The company has a 50-day simple moving average of $36.96 and a two-hundred day simple moving average of $38.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.41 and a beta of 1.12.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Research analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

About NMI

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.