Van Berkom & Associates Inc. Trims Stock Position in NMI Holdings Inc $NMIH

Van Berkom & Associates Inc. lessened its stake in NMI Holdings Inc (NASDAQ:NMIH) by 1.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,990,397 shares of the financial services provider’s stock after selling 25,633 shares during the period. NMI comprises 2.5% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 20th biggest position. Van Berkom & Associates Inc.’s holdings in NMI were worth $74,660,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after acquiring an additional 34,372 shares in the last quarter. Assetmark Inc. lifted its holdings in NMI by 6.3% in the first quarter. Assetmark Inc. now owns 100,623 shares of the financial services provider’s stock valued at $3,774,000 after acquiring an additional 5,994 shares during the period. Bessemer Group Inc. boosted its position in NMI by 34.0% in 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its position in NMI by 11.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,892 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of NMI by 2.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 41,638 shares of the financial services provider’s stock worth $1,562,000 after purchasing an additional 808 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NMIH. Royal Bank Of Canada initiated 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. Barclays dropped their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. UBS Group set a $46.00 target price on shares of NMI in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the sale, the director owned 69,026 shares in the company, valued at $2,616,085.40. This trade represents a 2.20% decrease in their position. The sale 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.

NMI Price Performance

NASDAQ NMIH opened at $43.01 on Monday. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.36. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $38.57 and its 200-day simple moving average is $38.81. The firm has a market cap of $3.27 billion, a PE ratio of 8.76, a P/E/G ratio of 1.49 and a beta of 0.54.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm had revenue of $183.47 million during the quarter, compared to analyst estimates of $153.99 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. NMI’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that NMI Holdings Inc will post 5.11 earnings per share for the current year.

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.