Sei Investments Co. Has $3.06 Million Stock Holdings in NMI Holdings Inc $NMIH

Sei Investments Co. raised its position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 46.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 81,673 shares of the financial services provider's stock after buying an additional 26,059 shares during the period. Sei Investments Co. owned about 0.11% of NMI worth $3,064,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its holdings in NMI by 34.0% in the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 272 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of NMI by 35.0% during 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. Evolve Private Wealth LLC raised its position in shares of NMI by 1.6% in the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider's stock valued at $732,000 after buying an additional 302 shares in the last quarter. California State Teachers Retirement System raised its position in shares of NMI by 0.5% in the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider's stock valued at $2,958,000 after buying an additional 328 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of NMI by 0.3% in the fourth quarter. Royal Bank of Canada now owns 111,334 shares of the financial services provider's stock valued at $4,541,000 after buying an additional 348 shares during the period. Institutional investors own 94.12% of the company's stock.

Analyst Ratings Changes

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

NMI Stock Performance

Shares of NMI stock opened at $44.63 on Friday. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $46.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.63. The firm has a market capitalization of $3.36 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.20 and a beta of 0.54. The company's 50 day moving average price is $40.40 and its two-hundred day moving average price is $39.22.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. During the same period in the prior 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. On average, equities analysts forecast that NMI Holdings Inc will post 5.19 earnings per share for the current fiscal year.

Insider Transactions at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares of the company's stock, valued at $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert Owen Smith sold 12,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 96,381 shares of the company's stock, valued at approximately $4,303,411.65. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. 2.44% of the stock is owned by corporate insiders.

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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