Livforsakringsbolaget Skandia Omsesidigt Grows Position in NMI Holdings Inc $NMIH

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in NMI Holdings Inc by 56.5% by acquiring 26,400 shares, bringing its total ownership to 73,100 shares valued at approximately $3,084,000.
• Director Steven Scheid sold 19,926 shares of NMI stock at an average price of $39.31, resulting in a 20.15% decrease in his position.
• Analysts have a consensus rating of "Moderate Buy" for NMI, with an average target price of $42.33, while shares have shown a 2.0% increase recently, opening at $39.39.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 56.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,100 shares of the financial services provider's stock after buying an additional 26,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned 0.09% of NMI worth $3,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in NMI during the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in shares of NMI during the first quarter worth $33,000. Neo Ivy Capital Management bought a new stake in shares of NMI during the first quarter worth $47,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of NMI during the first quarter worth $48,000. Finally, Quarry LP lifted its position in shares of NMI by 89.3% during the first quarter. Quarry LP now owns 1,482 shares of the financial services provider's stock worth $53,000 after purchasing an additional 699 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Stock Performance

NASDAQ NMIH traded up $0.40 during trading hours on Tuesday, reaching $39.23. The stock had a trading volume of 93,183 shares, compared to its average volume of 540,848. The stock has a fifty day moving average of $38.87 and a 200 day moving average of $37.96. The stock has a market cap of $3.04 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.55. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74.

NMI (NASDAQ:NMIH - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $149.07 million for the quarter, compared to analyst estimates of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.NMI's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. Sell-side analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Buying and Selling

In other NMI news, Director Steven Scheid sold 19,926 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the sale, the director owned 78,960 shares in the company, valued at approximately $3,103,917.60. This represents a 20.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NMIH has been the subject of several research analyst reports. Wall Street Zen downgraded NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods downgraded NMI from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $42.00 to $43.00 in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their target price on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Barclays lifted their target price on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.