Edgestream Partners L.P. Acquires 13,003 Shares of NMI Holdings Inc $NMIH

Edgestream Partners L.P. boosted its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,637 shares of the financial services provider’s stock after purchasing an additional 13,003 shares during the period. Edgestream Partners L.P.’s holdings in NMI were worth $8,764,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. South Dakota Investment Council increased its stake in shares of NMI by 25.4% during the first quarter. South Dakota Investment Council now owns 243,319 shares of the financial services provider’s stock valued at $9,127,000 after buying an additional 49,256 shares during the period. Amundi raised its holdings in shares of NMI by 1,364.3% during the first quarter. Amundi now owns 168,246 shares of the financial services provider’s stock valued at $6,311,000 after acquiring an additional 156,756 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of NMI by 22.2% during the first quarter. California State Teachers Retirement System now owns 88,962 shares of the financial services provider’s stock valued at $3,337,000 after acquiring an additional 16,175 shares in the last quarter. Lazard Asset Management LLC lifted its stake in NMI by 12.5% in the first quarter. Lazard Asset Management LLC now owns 151,544 shares of the financial services provider’s stock worth $5,684,000 after acquiring an additional 16,897 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in NMI by 16.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 338,434 shares of the financial services provider’s stock worth $12,695,000 after acquiring an additional 47,891 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares of the company’s stock, valued at $2,616,085.40. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NMIH. Keefe, Bruyette & Woods boosted their price objective 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. UBS Group set a $46.00 target price on shares of NMI in a research report on Friday, May 22nd. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Barclays reduced their price target on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. increased their price target 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. 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, NMI has an average rating of “Moderate Buy” and a consensus price target of $46.00.

NMI Price Performance

Shares of NASDAQ NMIH opened at $44.34 on Thursday. The company has a 50 day simple moving average of $39.37 and a two-hundred day simple moving average of $38.93. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $44.74. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 1.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results 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. The firm had revenue of $183.47 million for the quarter, compared to analysts’ expectations of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Analysts expect that NMI Holdings Inc will post 5.11 EPS for the current fiscal year.

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.