Dimensional Fund Advisors LP Has $163.24 Million Stock Holdings in NMI Holdings Inc $NMIH

Dimensional Fund Advisors LP lifted its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,351,808 shares of the financial services provider’s stock after purchasing an additional 34,372 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of NMI worth $163,237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NMIH. Van Berkom & Associates Inc. raised its holdings in NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after buying an additional 106,400 shares during the last quarter. Geode Capital Management LLC boosted its position in NMI by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after buying an additional 5,274 shares during the period. Bank of America Corp DE grew its holdings in NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after acquiring an additional 495,144 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in NMI by 10.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after acquiring an additional 73,695 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in NMI by 30.4% during the 4th quarter. AQR Capital Management LLC now owns 733,478 shares of the financial services provider’s stock worth $29,919,000 after acquiring an additional 171,203 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Barclays cut their price target on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group set a $46.00 price objective on shares of NMI in a research note on Friday, May 22nd. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada initiated coverage on NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 target price for the company. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

NMI Stock Performance

Shares of NMIH stock opened at $42.75 on Friday. The business’s 50 day simple moving average is $39.03 and its 200 day simple moving average is $38.87. NMI Holdings Inc has a one year low of $34.84 and a one year high of $43.35. The stock has a market capitalization of $3.25 billion, a PE ratio of 8.71, a PEG ratio of 1.48 and a beta of 0.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The business had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the prior year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts forecast that NMI Holdings Inc will post 5.11 earnings per share for the current year.

Insider Activity at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the sale, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.44% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.