Donald Smith & CO. Inc. Has $19.64 Million Holdings in NMI Holdings Inc $NMIH

Donald Smith & CO. Inc. decreased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 45.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465,610 shares of the financial services provider’s stock after selling 383,024 shares during the period. Donald Smith & CO. Inc.’s holdings in NMI were worth $19,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in NMI by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 264 shares during the last quarter. Covestor Ltd lifted its stake in shares of NMI by 15.7% in the first quarter. Covestor Ltd now owns 2,190 shares of the financial services provider’s stock valued at $79,000 after buying an additional 297 shares during the period. Cetera Investment Advisers grew its position in NMI by 5.7% during the first quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider’s stock worth $229,000 after buying an additional 341 shares in the last quarter. Diversified Trust Co increased its stake in NMI by 1.1% during the second quarter. Diversified Trust Co now owns 33,118 shares of the financial services provider’s stock valued at $1,397,000 after acquiring an additional 349 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in NMI by 6.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,300 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In other news, Director Steven Scheid sold 19,926 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of the sale, the director owned 78,960 shares of the company’s stock, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Embler sold 20,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the director directly owned 46,046 shares in the company, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on NMIH shares. JPMorgan Chase & Co. decreased their price objective on NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Finally, Barclays reissued a “cautious” rating on shares of NMI in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

NMI Trading Up 0.2%

NASDAQ:NMIH opened at $37.57 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The business’s 50-day simple moving average is $36.96 and its 200 day simple moving average is $38.59. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.17 and a beta of 0.66.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. The company had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. NMI had a return on equity of 16.08% and a net margin of 55.02%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 EPS. As a group, sell-side analysts predict that NMI Holdings Inc will post 4.62 earnings per share 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.