Hsbc Holdings PLC Sells 19,847 Shares of NMI Holdings Inc $NMIH

Hsbc Holdings PLC cut its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 24.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,848 shares of the financial services provider’s stock after selling 19,847 shares during the quarter. Hsbc Holdings PLC’s holdings in NMI were worth $2,578,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP boosted its position in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after buying an additional 437 shares in the last quarter. Maseco LLP bought a new position in NMI in the fourth quarter valued at about $31,000. IFP Advisors Inc grew its holdings in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares during the last quarter. Farther Finance Advisors LLC boosted its position in NMI by 161.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after buying an additional 620 shares during the period. Finally, Global Retirement Partners LLC increased its position in NMI by 212.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,688 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,148 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on NMIH shares. UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. Royal Bank Of Canada began coverage on shares of NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price target on the stock. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Barclays decreased their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

NMI Stock Performance

Shares of NMI stock opened at $40.62 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.09 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock has a fifty day simple moving average of $38.09 and a 200 day simple moving average of $38.72. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The company had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the prior year, the company posted $1.28 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Insider Activity at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.44% of the stock is currently owned by corporate insiders.

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.