Nisa Investment Advisors LLC Cuts Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Nisa Investment Advisors LLC reduced its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 66.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,150 shares of the financial services provider’s stock after selling 8,300 shares during the period. Nisa Investment Advisors LLC’s holdings in NMI were worth $93,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lombard Odier Asset Management USA Corp boosted its holdings in shares of NMI by 159.8% during the first quarter. Lombard Odier Asset Management USA Corp now owns 42,350 shares of the financial services provider’s stock worth $1,001,000 after purchasing an additional 26,050 shares during the period. Blueshift Asset Management LLC boosted its holdings in shares of NMI by 23.9% during the first quarter. Blueshift Asset Management LLC now owns 26,248 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 5,055 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of NMI during the first quarter worth about $3,733,000. HGK Asset Management Inc. purchased a new stake in shares of NMI during the second quarter worth about $608,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of NMI by 16.6% during the second quarter. Advisors Asset Management Inc. now owns 5,676 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 810 shares during the period. Institutional investors own 93.24% of the company’s stock.

A number of analysts have recently weighed in on NMIH shares. BTIG Research reiterated a “buy” rating on shares of NMI in a report on Tuesday, June 8th. B. Riley restated a “buy” rating on shares of NMI in a report on Tuesday, July 6th. Barclays raised their price objective on shares of NMI from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, June 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of NMI from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Wednesday, July 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $29.44.

Shares of NASDAQ NMIH opened at $21.83 on Friday. NMI Holdings, Inc. has a fifty-two week low of $16.01 and a fifty-two week high of $26.82. The company has a 50 day simple moving average of $21.98 and a two-hundred day simple moving average of $23.10. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 9.62 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.52.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, August 3rd. The financial services provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.04. NMI had a net margin of 43.40% and a return on equity of 14.69%. On average, analysts forecast that NMI Holdings, Inc. will post 2.69 earnings per share for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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