Tealwood Asset Management Inc. Sells 522 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Tealwood Asset Management Inc. reduced its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,670 shares of the financial services provider’s stock after selling 522 shares during the quarter. Tealwood Asset Management Inc.’s holdings in NMI were worth $1,142,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. increased its position in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 286 shares during the period. Smartleaf Asset Management LLC raised its position in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,387 shares in the last quarter. Covestor Ltd raised its holdings in NMI by 601.1% in the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,623 shares in the last quarter. Sterling Capital Management LLC raised its holdings in NMI by 786.1% in the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 2,036 shares in the last quarter. Finally, KBC Group NV raised its holdings in NMI by 38.3% in the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Insider Transactions at NMI

In other NMI news, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the transaction, the chief executive officer now directly owns 329,465 shares of the company’s stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Curry Montgomery sold 1,875 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the completion of the transaction, the director now directly owns 66,068 shares in the company, valued at $2,513,887.40. This trade represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,697 shares of company stock worth $4,210,337 over the last three months. 3.00% of the stock is owned by company insiders.

NMI Trading Up 1.3%

Shares of NASDAQ NMIH opened at $39.81 on Friday. The stock has a market cap of $3.11 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 52-week low of $31.60 and a 52-week high of $42.49. The firm has a 50 day moving average price of $36.36 and a two-hundred day moving average price of $36.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on NMIH. Compass Point reaffirmed a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. UBS Group dropped their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of NMI from a “hold” rating to a “buy” rating in a research report 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 for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.29.

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.