NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC cut its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,534 shares of the financial services provider’s stock after selling 893 shares during the quarter. NMI makes up approximately 0.7% of Ellis Investment Partners LLC’s portfolio, making the stock its 29th biggest position. Ellis Investment Partners LLC owned 0.12% of NMI worth $3,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NMIH. State Street Corp boosted its holdings in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after purchasing an additional 35,351 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in NMI by 38.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock valued at $80,009,000 after purchasing an additional 534,818 shares in the last quarter. FMR LLC boosted its holdings in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NMI by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider’s stock valued at $43,829,000 after purchasing an additional 22,756 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its holdings in NMI by 11.1% in the third quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider’s stock valued at $39,949,000 after purchasing an additional 97,125 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

NMIH stock opened at $35.51 on Friday. NMI Holdings, Inc. has a twelve month low of $28.73 and a twelve month high of $42.49. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of $37.17 and a 200-day simple moving average of $38.67. The company has a market capitalization of $2.81 billion, a P/E ratio of 8.02, a PEG ratio of 0.92 and a beta of 1.12.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.64% and a net margin of 55.32%. As a group, equities analysts anticipate that NMI Holdings, Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

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

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.