NewEdge Wealth LLC Grows Stock Holdings in NMI Holdings Inc $NMIH

NewEdge Wealth LLC grew its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 55.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,324 shares of the financial services provider’s stock after acquiring an additional 14,708 shares during the period. NewEdge Wealth LLC owned about 0.05% of NMI worth $1,550,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the period. Maseco LLP purchased a new stake in NMI in the 4th quarter worth approximately $31,000. IFP Advisors Inc grew its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after buying an additional 521 shares during the last quarter. Bessemer Group Inc. grew its position in shares of 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 buying an additional 272 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after buying an additional 620 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NMIH opened at $42.75 on Monday. The stock has a market cap of $3.25 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.48 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 Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $43.35. The firm’s 50-day simple moving average is $39.03 and its two-hundred day simple moving average is $38.85.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share 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 business had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. During the same quarter last year, the firm earned $1.28 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that NMI Holdings Inc will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays decreased their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods upped their price objective on shares of NMI from $46.00 to $47.00 and gave the stock 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 report on Friday, May 22nd. Finally, Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Insider Buying and Selling at NMI

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 owned by insiders.

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.