NMI Holdings Inc $NMIH Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 597,447 shares of the financial services provider’s stock after acquiring an additional 30,341 shares during the period. Public Sector Pension Investment Board’s holdings in NMI were worth $22,906,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NMIH. American Century Companies Inc. lifted its holdings in shares of NMI by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider’s stock worth $94,919,000 after acquiring an additional 115,854 shares during the period. Geode Capital Management LLC increased its position in NMI by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock worth $82,996,000 after purchasing an additional 5,628 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of NMI by 0.4% in the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock worth $73,215,000 after acquiring an additional 7,973 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in NMI by 3.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock worth $47,251,000 after purchasing an additional 42,436 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in NMI by 10.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock valued at $32,000,000 after purchasing an additional 73,695 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director directly owned 46,046 shares in the company, valued at approximately $1,699,097.40. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by company insiders.

NMI Stock Performance

NMIH opened at $39.65 on Friday. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.13 and a beta of 0.64. The business has a 50 day moving average price of $39.69 and a two-hundred day moving average price of $38.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.86.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. During the same period in the prior year, the firm earned $1.07 earnings per share. Research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Barclays increased their price target on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. 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 price objective on NMI in a research note on Monday, January 12th. Finally, Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. Four equities 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.