Headlands Technologies LLC Acquires 14,859 Shares of NMI Holdings Inc $NMIH

Headlands Technologies LLC boosted its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 129.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,359 shares of the financial services provider’s stock after purchasing an additional 14,859 shares during the period. Headlands Technologies LLC’s holdings in NMI were worth $1,083,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NMIH. River Road Asset Management LLC purchased a new position in NMI in the fourth quarter valued at approximately $15,104,000. Sei Investments Co. raised its stake in shares of NMI by 46.9% in the first quarter. Sei Investments Co. now owns 81,673 shares of the financial services provider’s stock valued at $3,064,000 after buying an additional 26,059 shares during the period. Bank of America Corp DE lifted its position in shares of NMI by 22.7% during the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after buying an additional 241,724 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of NMI by 16.5% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 338,434 shares of the financial services provider’s stock valued at $12,695,000 after buying an additional 47,891 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its stake in shares of NMI by 70.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 38,600 shares of the financial services provider’s stock worth $1,574,000 after acquiring an additional 16,000 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NMIH shares. UBS Group set a $46.00 price objective on NMI in a report on Friday, May 22nd. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Truist Financial boosted their price target on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of NMI in a report on Tuesday, August 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.33.

NMI Trading Down 0.2%

Shares of NMIH opened at $44.27 on Wednesday. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $46.74. The stock has a market cap of $3.33 billion, a PE ratio of 8.71, a P/E/G ratio of 1.19 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $43.19 and its 200-day moving average price is $39.94.

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

Insider Buying and Selling at NMI

In related news, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares of the company’s stock, valued at $2,258,170.34. This represents a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.44% of the stock is owned by company 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.