UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in NMI Holdings Inc $NMIH

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NMI Holdings Inc (NASDAQ:NMIH) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,188 shares of the financial services provider’s stock after purchasing an additional 19,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NMI were worth $8,842,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after purchasing an additional 34,372 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NMI by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock valued at $80,887,000 after buying an additional 5,274 shares in the last quarter. Bank of America Corp DE boosted its holdings in NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after purchasing an additional 241,724 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in NMI during the 2nd quarter valued at approximately $36,262,000. Finally, Qube Research & Technologies Ltd grew its stake in NMI by 10.8% during 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. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

Shares of NMIH opened at $44.83 on Tuesday. 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 0.53. The business’s fifty day moving average price is $43.56 and its 200 day moving average price is $40.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74.

NMI (NASDAQ:NMIH) last released 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 during the quarter, compared to analyst estimates of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 5.25 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on NMIH shares. JPMorgan Chase & Co. upped their price target on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Truist Financial raised their price objective on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $47.00 target price on shares of NMI in a research report on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $53.00 price target on shares of NMI in a research report on Tuesday, August 4th. Finally, UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.33.

Insider Activity

In related news, EVP Aurora Swithenbank sold 11,662 shares of the 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 sale, the executive vice president owned 50,734 shares in the company, valued at $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 270,267 shares in the company, valued at $12,121,474.95. This represents a 38.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 196,368 shares of company stock valued at $8,800,740. Company insiders own 2.44% of the company’s stock.

NMI Company 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.