NMI Holdings Inc $NMIH Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 4.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 447,229 shares of the financial services provider’s stock after selling 23,143 shares during the quarter. Principal Financial Group Inc.’s holdings in NMI were worth $17,147,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of NMIH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in NMI during the second quarter valued at $36,000. Harbor Capital Advisors Inc. raised its holdings in NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 291 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of NMI during the 2nd quarter worth about $49,000. Financial Consulate Inc. bought a new stake in NMI in the third quarter valued at $55,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of NMI by 22.5% in the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 289 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Finally, Barclays lifted their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus price target of $43.00.

NMI Trading Down 2.7%

NASDAQ NMIH opened at $39.94 on Tuesday. The firm has a market capitalization of $3.07 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.23 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The business’s 50-day moving average price is $39.49 and its two-hundred day moving average price is $38.51.

Insiders Place Their Bets

In related news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company’s stock.

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.