Inceptionr LLC Decreases Holdings in NMI Holdings Inc $NMIH

Inceptionr LLC decreased its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 53.1% in the first quarter, Holdings Channel reports. The fund owned 10,458 shares of the financial services provider’s stock after selling 11,825 shares during the quarter. Inceptionr LLC’s holdings in NMI were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased 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 during the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after acquiring an additional 106,400 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after acquiring an additional 5,274 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after purchasing an additional 495,144 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of NMI by 10.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 73,695 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NMIH shares. UBS Group set a $46.00 price target on NMI in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Barclays reduced their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Royal Bank Of Canada began coverage on NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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 business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the sale, the director owned 69,026 shares in the company, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.44% of the company’s stock.

NMI Stock Performance

Shares of NMIH stock opened at $42.75 on Monday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.48 and a beta of 0.54. The company’s 50 day moving average is $39.03 and its 200 day moving average is $38.85. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $43.35.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $183.47 million during 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 EPS. On average, sell-side analysts anticipate 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.