Vanguard Group Inc. Has $275.41 Million Position in NMI Holdings Inc $NMIH

Vanguard Group Inc. lessened its stake in NMI Holdings Inc (NASDAQ:NMIH) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,183,476 shares of the financial services provider’s stock after selling 14,529 shares during the period. Vanguard Group Inc. owned about 9.26% of NMI worth $275,414,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NMI in the 2nd quarter worth approximately $36,000. Elevation Point Wealth Partners LLC bought a new stake in shares of NMI in the 2nd quarter valued at $49,000. Financial Consulate Inc. bought a new stake in shares of NMI in the 3rd quarter valued at $55,000. Finally, Nisa Investment Advisors LLC increased its position in shares of NMI by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after buying an additional 289 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NMI

In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total value of $898,650.00. Following the transaction, the executive vice president directly owned 32,445 shares of the company’s stock, valued at approximately $1,295,853.30. This trade represents a 40.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total transaction of $638,240.00. Following the completion of the sale, the executive vice president owned 38,733 shares in the company, valued at $1,545,059.37. This represents a 29.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 113,057 shares of company stock worth $4,495,886. 3.00% of the stock is owned by corporate insiders.

NMI Stock Performance

Shares of NMI stock opened at $39.31 on Friday. The business has a 50-day simple moving average of $39.64 and a 200 day simple moving average of $38.66. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.09 and a beta of 0.64.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. During the same quarter last year, the firm posted $1.07 earnings per share. On average, research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. UBS Group set a $43.00 target price on NMI in a report on Monday, January 12th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, NMI has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Company 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.