Deutsche Bank AG Decreases Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Deutsche Bank AG decreased its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,647 shares of the financial services provider’s stock after selling 2,715 shares during the quarter. Deutsche Bank AG’s holdings in NMI were worth $5,317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of NMI by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider’s stock worth $263,160,000 after purchasing an additional 39,503 shares during the period. American Century Companies Inc. boosted its holdings in NMI by 8.0% during the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider’s stock worth $71,946,000 after buying an additional 145,591 shares in the last quarter. Donald Smith & CO. Inc. grew its position in NMI by 34.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider’s stock worth $48,077,000 after buying an additional 337,996 shares during the period. Capital World Investors increased its holdings in NMI by 21.1% in the fourth quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider’s stock valued at $42,274,000 after buying an additional 200,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in NMI by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after buying an additional 11,347 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Activity

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total value of $71,343.75. Following the sale, the director now directly owns 66,068 shares in the company, valued at approximately $2,513,887.40. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,235 shares of company stock valued at $4,113,998. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on NMI from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

NMI Stock Performance

NASDAQ:NMIH opened at $38.41 on Monday. The company has a market cap of $3.00 billion, a P/E ratio of 8.67, a P/E/G ratio of 1.41 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $35.40 and its two-hundred day moving average is $36.62. NMI Holdings, Inc. has a fifty-two week low of $31.59 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million during the quarter, compared to the consensus estimate of $169.04 million. During the same quarter in the prior year, the company earned $1.08 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

NMI 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.