Livforsakringsbolaget Skandia Omsesidigt Takes $3.54 Million Position in NMI Holdings Inc $NMIH

Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 86,200 shares of the financial services provider’s stock, valued at approximately $3,542,000.

A number of other large investors have also added to or reduced their stakes in NMIH. Bessemer Group Inc. increased its position in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 301 shares during the last quarter. Evolve Private Wealth LLC raised its position in shares of NMI by 1.6% in the 1st quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 302 shares in the last quarter. GAMMA Investing LLC raised its position in shares of NMI by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 310 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock worth $2,958,000 after buying an additional 328 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Trading Up 0.0%

NMI stock opened at $44.81 on Friday. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market capitalization of $3.37 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 1.21 and a beta of 0.54. The firm has a 50 day simple moving average of $42.93 and a 200-day simple moving average of $39.88.

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

Wall Street Analyst Weigh In

NMIH has been the topic of several recent analyst reports. Truist Financial upped their price target on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. boosted their price objective on NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 target price on shares of NMI in a report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 price target on shares of NMI in a research report on Monday, August 3rd. 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, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $48.33.

Insiders Place Their Bets

In related news, EVP Robert Owen Smith sold 12,000 shares of NMI stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president directly owned 96,381 shares of the company’s stock, valued at $4,303,411.65. The trade was a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the sale, the executive vice president directly owned 50,734 shares of the company’s stock, valued at $2,258,170.34. The trade was a 18.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.44% of the stock is currently owned by insiders.

NMI 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.