NMI Holdings Inc $NMIH Stake Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 219.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,824 shares of the financial services provider’s stock after purchasing an additional 59,682 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NMI were worth $3,329,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NMIH. Walleye Capital LLC acquired a new position in NMI in the second quarter worth approximately $13,245,000. Allianz Asset Management GmbH increased its stake in shares of NMI by 76.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock worth $27,008,000 after purchasing an additional 277,318 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of NMI by 184.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after purchasing an additional 277,065 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of NMI by 690.4% in the 2nd quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock valued at $10,294,000 after purchasing an additional 213,120 shares during the last quarter. Finally, Jane Street Group LLC increased its position in NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after buying an additional 208,287 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Up 1.5%

NMIH stock opened at $38.29 on Tuesday. The business’s 50-day simple moving average is $39.15 and its 200 day simple moving average is $38.41. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.94 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, hitting the consensus estimate of $1.21. The company had revenue of $171.56 million for the quarter, compared to analyst estimates of $177.01 million. NMI had a return on equity of 16.08% and a net margin of 55.02%.NMI’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.15 EPS. On average, research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Activity at NMI

In related news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday. UBS Group set a $43.00 price objective on shares of NMI in a research note on Monday, January 12th. JPMorgan Chase & Co. raised their target price on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Barclays lifted their target price on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Profile

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.