14,200 NMI Holdings Inc $NMIH Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 51.6% during the third quarter, Holdings Channel reports. The fund owned 13,306 shares of the financial services provider’s stock after selling 14,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NMI were worth $497,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Donald Smith & CO. Inc. bought a new position in NMI in the 2nd quarter valued at $36,262,000. Bank of New York Mellon Corp acquired a new position in NMI in the second quarter worth $20,919,000. Winmill & CO. Inc. bought a new stake in shares of NMI during the second quarter worth $16,276,000. Bank of America Corp DE grew its holdings in shares of NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after purchasing an additional 241,724 shares during the last quarter. Finally, Amundi grew its holdings in shares of NMI by 1,364.3% during the first quarter. Amundi now owns 168,246 shares of the financial services provider’s stock worth $6,311,000 after purchasing an additional 156,756 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Trading Down 11.8%

NMIH traded down $5.24 during mid-day trading on Friday, reaching $39.03. The stock had a trading volume of 1,948,240 shares, compared to its average volume of 865,134. The stock has a market capitalization of $2.94 billion, a P/E ratio of 7.67, a P/E/G ratio of 1.42 and a beta of 0.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s fifty day simple moving average is $42.02 and its two-hundred day simple moving average is $40.37. NMI Holdings Inc has a 52 week low of $35.12 and a 52 week high of $46.74.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). NMI had a return on equity of 15.13% and a net margin of 54.10%. The firm had revenue of $187.55 million for the quarter, compared to the consensus estimate of $159.20 million. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities analysts predict that NMI Holdings Inc will post 5.26 EPS for the current year.

Analyst Ratings Changes

NMIH has been the subject of a number of research reports. Weiss Ratings lowered NMI from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $53.00 price target on shares of NMI in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Barclays lowered their price objective on shares of NMI from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, BTIG Research assumed coverage on shares of NMI in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $54.00 target price for the company. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.75.

NMI News Roundup

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

Insider Transactions at NMI

In related news, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the completion of the sale, the executive vice president directly owned 50,734 shares in the company, valued at $2,258,170.34. This trade represents a 18.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Pollitzer sold 172,706 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $44.85, for a total value of $7,745,864.10. Following the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at $12,121,474.95. This represents a 38.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.44% of the stock is owned by company insiders.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.