NMI Holdings Inc $NMIH Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,947 shares of the financial services provider’s stock after selling 13,327 shares during the quarter. Leeward Investments LLC MA’s holdings in NMI were worth $8,582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NMIH. Signaturefd LLC increased its stake in NMI by 81.2% during the 3rd quarter. Signaturefd LLC now owns 2,251 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,009 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in NMI by 23.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,216 shares of the financial services provider’s stock worth $456,000 after buying an additional 2,289 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in NMI by 3.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 16,182 shares of the financial services provider’s stock worth $604,000 after buying an additional 473 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in NMI by 629.4% during the 3rd quarter. Sterling Capital Management LLC now owns 11,306 shares of the financial services provider’s stock worth $422,000 after buying an additional 9,756 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in NMI by 2.6% in the 3rd quarter. Inspire Investing LLC now owns 16,862 shares of the financial services provider’s stock valued at $629,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on NMIH shares. JPMorgan Chase & Co. cut their price objective on NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Truist Financial increased their price objective on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings upgraded NMI from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, October 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price on shares of NMI in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $47.00 target price on shares of NMI in a research note on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.43.

NMI Stock Performance

Shares of NMI stock opened at $42.55 on Monday. The business has a 50-day simple moving average of $42.53 and a 200-day simple moving average of $40.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. NMI Holdings Inc has a one year low of $34.84 and a one year high of $46.74. The company has a market cap of $3.20 billion, a PE ratio of 8.38, a P/E/G ratio of 1.39 and a beta of 0.56.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating 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 net margin of 54.10% and a return on equity of 15.13%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. On average, equities research analysts forecast that NMI Holdings Inc will post 5.26 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other news, EVP Robert Smith sold 12,000 shares of NMI stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Pollitzer sold 172,706 shares of NMI stock in a transaction on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the sale, the chief executive officer directly owned 270,267 shares of the company’s stock, valued at approximately $12,121,474.95. This trade represents a 38.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 196,368 shares of company stock valued at $8,800,740. Insiders own 2.44% of the company’s stock.

NMI Profile

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.