Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in NMI Holdings Inc $NMIH

Healthcare of Ontario Pension Plan Trust Fund grew its stake in NMI Holdings Inc (NASDAQ:NMIH) by 16.5% during the 1st quarter, Holdings Channel reports. The firm owned 338,434 shares of the financial services provider’s stock after purchasing an additional 47,891 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in NMI were worth $12,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its position in shares of NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after buying an additional 301 shares in the last quarter. Evolve Private Wealth LLC raised its holdings in shares of NMI by 1.6% during the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 302 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after acquiring an additional 328 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of NMI by 0.3% in the fourth quarter. Royal Bank of Canada now owns 111,334 shares of the financial services provider’s stock valued at $4,541,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Price Performance

NASDAQ:NMIH opened at $43.05 on Tuesday. NMI Holdings Inc has a one year low of $34.84 and a one year high of $43.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market cap of $3.27 billion, a PE ratio of 8.77, a P/E/G ratio of 1.48 and a beta of 0.54. The stock has a 50 day moving average price of $39.12 and a 200 day moving average price of $38.87.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lowered their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. lifted their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Royal Bank Of Canada started coverage on shares of NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 target price for the company. Finally, UBS Group set a $46.00 price target on shares of NMI in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Insider Activity

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

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.