396,095 Shares in NMI Holdings Inc $NMIH Bought by Winmill & CO. Inc.

Key Points

• Winmill & CO. Inc. acquired 396,095 NMI Holdings shares worth approximately $16.3 million, representing 0.53% of NMI and 3.6% of Winmill’s portfolio. Institutional investors collectively own 94.12% of the company.
• NMI reported quarterly EPS of $1.38, beating estimates by $0.10, while revenue rose 8.1% year over year to $187.89 million. Shares opened at $45.16, near their 52-week high of $46.74.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $48.33, while two executive vice presidents recently sold shares totaling more than $1.05 million.

Winmill & CO. Inc. acquired a new stake in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 396,095 shares of the financial services provider's stock, valued at approximately $16,276,000. NMI accounts for approximately 3.6% of Winmill & CO. Inc.'s holdings, making the stock its 10th largest position. Winmill & CO. Inc. owned approximately 0.53% of NMI as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NMIH. Allworth Financial LP raised its holdings in shares of NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 437 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider's stock worth $32,000 after purchasing an additional 521 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider's stock worth $38,000 after purchasing an additional 372 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 purchasing an additional 272 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of NMI by 161.5% in the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider's stock worth $41,000 after purchasing an additional 620 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $45.16 on Monday. The stock has a market cap of $3.40 billion, a PE ratio of 8.89, a PEG ratio of 1.22 and a beta of 0.54. The company's fifty day moving average is $42.18 and its 200 day moving average is $39.71. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $46.74. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business had revenue of $187.89 million during the quarter, compared to analyst estimates of $156.26 million. During the same period in the prior year, the business posted $1.22 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that NMI Holdings Inc will post 5.25 earnings per share for the current year.

Insider Transactions at NMI

In other news, EVP Aurora Swithenbank sold 11,662 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the completion of the sale, the executive vice president owned 50,734 shares of the company's stock, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the executive vice president owned 96,381 shares of the company's stock, valued at $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.44% of the company's stock.

Analysts Set New Price Targets

NMIH has been the subject of a number of research reports. UBS Group set a $46.00 price target on shares of NMI in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $47.00 price objective on shares of NMI in a report on Monday, August 3rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised NMI from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NMI has a consensus rating of "Moderate Buy" and a consensus target price of $48.33.

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.

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