509,105 Shares in NMI Holdings Inc $NMIH Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 509,105 shares of the financial services provider's stock, valued at approximately $20,919,000. Bank of New York Mellon Corp owned approximately 0.68% of NMI as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NMIH. Allworth Financial LP boosted its holdings in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider's stock worth $25,000 after acquiring an additional 437 shares in the last quarter. IFP Advisors Inc raised its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 521 shares during the last quarter. Pacer Advisors Inc. boosted its stake in NMI by 58.7% in the 1st 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. boosted its stake in NMI by 34.0% in the 1st 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 grew its position in NMI by 161.5% during the 4th 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 owned by hedge funds and other institutional investors.

NMI Price Performance

NMI stock opened at $44.81 on Monday. The company's fifty day moving average price is $42.93 and its 200 day moving average price is $39.88. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $46.74. The stock has a market capitalization of $3.37 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.21 and a beta of 0.53. 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 (NASDAQ:NMIH - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $156.26 million. During the same quarter last year, the business earned $1.22 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that NMI Holdings Inc will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other NMI news, EVP Robert Owen 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 sale, the executive vice president owned 96,381 shares of the company's stock, valued at $4,303,411.65. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Aurora Swithenbank sold 11,662 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total transaction of $519,075.62. Following the sale, the executive vice president directly owned 50,734 shares of the company's stock, valued at $2,258,170.34. The trade was a 18.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.44% of the company's stock.

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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