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

Van Berkom & Associates Inc. boosted its holdings in NMI Holdings Inc (NASDAQ:NMIH – Free Report) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,016,030 shares of the financial services provider’s stock after purchasing an additional 106,400 shares during the period. NMI comprises 2.4% of Van Berkom & Associates Inc.’s portfolio, making the stock its 18th largest position. Van Berkom & Associates Inc. owned 2.62% of NMI worth $82,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in shares of NMI by 5.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock worth $22,906,000 after acquiring an additional 30,341 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of NMI by 62.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock worth $14,141,000 after acquiring an additional 142,065 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of NMI by 219.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after purchasing an additional 59,682 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of NMI by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after purchasing an additional 31,570 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of NMI by 188.3% in the 3rd quarter. AlphaQuest LLC now owns 93,577 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 61,116 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NMIH. Keefe, Bruyette & Woods reduced their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. UBS Group set a $43.00 target price on shares of NMI in a research note on Monday, January 12th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.40.

View Our Latest Report on NMIH

NMI Stock Down 0.7%

Shares of NASDAQ:NMIH opened at $36.96 on Tuesday. The company’s fifty day moving average is $38.65 and its 200-day moving average is $38.61. The company has a market capitalization of $2.81 billion, a PE ratio of 7.53, a P/E/G ratio of 1.07 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.63. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The business had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Equities research analysts predict that NMI Holdings Inc will post 5.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total transaction of $638,240.00. Following the transaction, the executive vice president owned 38,733 shares in the company, valued at $1,545,059.37. This represents a 29.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the transaction, the executive vice president owned 32,445 shares in the company, valued at approximately $1,295,853.30. This trade represents a 40.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 189,412 shares of company stock worth $7,357,746 in the last 90 days. Corporate insiders own 2.44% of the company’s stock.

NMI Company Profile

(Free Report)

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.

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