NMI Holdings Inc $NMIH Shares Sold by Van Berkom & Associates Inc.

Key Points

• Van Berkom & Associates cut its NMI Holdings stake by 76.6% in the third quarter, selling 1,424,042 shares; it retained 434,983 shares worth about $16.2 million. Institutional investors collectively own 94.12% of the stock.
• Analysts give NMI a “Moderate Buy” consensus, with an average price target of $47.75; five rate it Buy and three rate it Hold.
• NMI reported quarterly EPS of $1.23, below the $1.30 consensus, while revenue of $187.55 million exceeded analysts’ $159.20 million estimate.

Van Berkom & Associates Inc. trimmed its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 76.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 434,983 shares of the financial services provider's stock after selling 1,424,042 shares during the period. Van Berkom & Associates Inc. owned approximately 0.58% of NMI worth $16,234,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nykredit A S bought a new stake in shares of NMI in the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio bought a new position in NMI during the second quarter worth $36,000. Pacer Advisors Inc. boosted its stake in 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 acquiring an additional 372 shares in the last quarter. Bessemer Group Inc. boosted its stake in 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 acquiring an additional 272 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider's stock worth $47,000 after purchasing an additional 301 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NMIH. Truist Financial raised their price target 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 lowered shares of NMI from an "outperform" rating to a "market perform" rating and set a $47.00 price objective on the stock. in a report on Monday, August 3rd. Royal Bank Of Canada reissued an "outperform" rating and set a $53.00 price objective on shares of NMI in a research report on Tuesday, August 4th. Weiss Ratings cut shares of NMI from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, November 3rd. Finally, BTIG Research started coverage on NMI in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $54.00 target price for the company. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $47.75.

Insider Transactions at NMI

In other NMI news, CEO Adam Pollitzer sold 172,706 shares of the business's stock in a transaction on Friday, September 4th. The shares were sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer owned 270,267 shares in the company, valued at approximately $12,121,474.95. The trade was a 38.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.44% of the company's stock.

NMI Trading Down 0.4%

NASDAQ NMIH opened at $38.87 on Tuesday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 1.44 and a beta of 0.52. NMI Holdings Inc has a 52 week low of $35.12 and a 52 week high of $46.74. The business has a 50 day moving average price of $41.90 and a 200-day moving average price of $40.37. 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 issued its earnings results on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.07). NMI had a return on equity of 15.13% and a net margin of 54.10%. The firm had revenue of $187.55 million for the quarter, compared to analyst estimates of $159.20 million. During the same period in the previous year, the company earned $1.21 earnings per share. As a group, equities analysts expect that NMI Holdings Inc will post 5.26 earnings per share for the current fiscal year.

NMI Company Profile

NMI Holdings, Inc provides private mortgage insurance through its subsidiary, National Mortgage Insurance Corporation. Its coverage helps lenders manage the risk of mortgage loans made to borrowers who have smaller down payments, while enabling borrowers to qualify for home financing without a 20% down payment.

The company offers mortgage insurance products and related services to mortgage lenders, banks, credit unions and other housing-market participants. Its offerings include borrower-paid and lender-paid coverage, along with technology and services that support mortgage insurance underwriting and policy management.

National MI began writing mortgage insurance in 2013 and serves customers across the United States.

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