WINTON GROUP Ltd Purchases 12,120 Shares of NMI Holdings Inc $NMIH

WINTON GROUP Ltd lifted its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 96.0% in the second quarter, HoldingsChannel.com reports. The firm owned 24,747 shares of the financial services provider’s stock after purchasing an additional 12,120 shares during the period. WINTON GROUP Ltd’s holdings in NMI were worth $1,017,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NMIH. Royal Bank of Canada increased its holdings in NMI by 20.4% during the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock valued at $4,221,000 after purchasing an additional 19,857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NMI by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 2,030 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in NMI in the 1st quarter worth approximately $256,000. Ashton Thomas Private Wealth LLC purchased a new stake in NMI in the 1st quarter worth approximately $203,000. Finally, Jane Street Group LLC grew its position in shares of NMI by 1,312.9% in the 1st 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.

Insider Activity at NMI

In other NMI news, CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the transaction, the chief executive officer owned 270,267 shares of the company’s stock, valued at approximately $12,121,474.95. This trade represents a 38.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the sale, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. This trade represents a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 196,368 shares of company stock worth $8,800,740 over the last ninety days. 2.44% of the stock is owned by corporate insiders.

NMI Stock Performance

Shares of NMIH opened at $43.89 on Monday. The company has a 50-day simple moving average of $43.82 and a two-hundred day simple moving average of $40.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $3.30 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.18 and a beta of 0.53. NMI Holdings Inc has a one year low of $34.84 and a one year high of $46.74.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The firm had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. During the same quarter in the prior year, the business earned $1.22 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts anticipate that NMI Holdings Inc will post 5.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on NMIH. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 target price on shares of NMI in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 price target on shares of NMI in a report on Tuesday, August 4th. Truist Financial lifted their price target on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.33.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a provider of private mortgage insurance in the United States. Through its insurance subsidiaries, the company offers mortgage insurance to lenders and other mortgage market participants, helping protect against losses when borrowers default on residential home loans.

National MI’s products support conventional residential mortgages, including borrower-paid and lender-paid mortgage insurance arrangements. Its coverage is generally used when a homebuyer makes a down payment of less than 20%, enabling lenders to extend mortgage credit while reducing their exposure to potential default-related losses.