NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 74.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,481 shares of the financial services provider’s stock after purchasing an additional 8,716 shares during the quarter. Hsbc Holdings PLC’s holdings in NMI were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NMIH. Vanguard Group Inc. increased its position in NMI by 2.5% in the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after buying an additional 162,614 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 7.3% in the third quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after buying an additional 185,099 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of NMI by 11.6% during the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock worth $26,787,000 after acquiring an additional 102,857 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in NMI by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 980,783 shares of the financial services provider’s stock valued at $29,110,000 after buying an additional 81,727 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock worth $25,523,000 after acquiring an additional 402,793 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

NMIH traded up $0.04 on Friday, hitting $32.51. The company had a trading volume of 669,494 shares, compared to its average volume of 517,729. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.73. The company’s fifty day moving average price is $30.57 and its 200 day moving average price is $29.53. NMI Holdings, Inc. has a 1-year low of $22.49 and a 1-year high of $32.80.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.09%. The business had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same period in the previous year, the company earned $0.88 earnings per share. NMI’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts predict that NMI Holdings, Inc. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NMIH shares. Truist Financial increased their target price on shares of NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada lifted their price target on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Finally, StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

Insider Buying and Selling at NMI

In other NMI news, EVP Robert Owen Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now owns 82,612 shares of the company’s stock, valued at approximately $2,576,668.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the transaction, the executive vice president now owns 32,909 shares in the company, valued at approximately $985,624.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the sale, the executive vice president now owns 82,612 shares in the company, valued at $2,576,668.28. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 over the last ninety days. Company insiders own 2.70% of the company’s stock.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.