Barclays PLC Grows Stock Position in NMI Holdings Inc $NMIH

Key Points

• Barclays PLC increased its position in NMI Holdings by 3.6% in the quarter to 1,104,880 shares (about a 1.44% stake) valued at roughly $42.36 million, while institutional investors now own about 94.12% of the stock.
• Wall Street sentiment is broadly positive with a consensus rating of “Moderate Buy” (four Buys, one Hold) and a consensus price target of $43.00, and several firms recently raised targets or upgraded NMI.
• NMI is trading below those targets at about $37.94 (down 1.6%), has a $2.88 billion market cap and a PE of 7.73, and reported a quarterly EPS of $1.20 which beat estimates.

Barclays PLC boosted its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,104,880 shares of the financial services provider's stock after buying an additional 38,021 shares during the quarter. Barclays PLC owned 1.44% of NMI worth $42,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of NMI by 20.4% in the first quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider's stock worth $4,221,000 after buying an additional 19,857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NMI by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider's stock worth $1,683,000 after purchasing an additional 2,030 shares during the period. NewEdge Advisors LLC bought a new stake in shares of NMI during the first quarter worth $256,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of NMI during the first quarter valued at $203,000. Finally, Jane Street Group LLC grew its holdings in shares of NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider's stock worth $8,081,000 after purchasing an additional 208,287 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NMIH. JPMorgan Chase & Co. boosted their price objective on shares of NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Barclays raised their price objective on NMI from $43.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 6th. Finally, UBS Group set a $43.00 target price on NMI in a report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

NMI Stock Down 1.6%

Shares of NASDAQ NMIH opened at $37.94 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.88 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.06 and a beta of 0.63. The stock's fifty day simple moving average is $39.26 and its two-hundred day simple moving average is $38.62. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The firm had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. During the same period in the previous year, the company posted $1.07 EPS. As a group, analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Insider Buying and Selling at NMI

In other news, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total value of $898,650.00. Following the transaction, the executive vice president owned 32,445 shares of the company's stock, valued at $1,295,853.30. The trade was a 40.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Bradley M. Shuster sold 19,430 shares of NMI stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $38.91, for a total transaction of $756,021.30. Following the completion of the transaction, the chairman directly owned 415,411 shares in the company, valued at approximately $16,163,642.01. The trade was a 4.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 132,487 shares of company stock valued at $5,251,908. 3.00% of the stock is currently owned by insiders.

NMI 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.

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