Susquehanna International Group LLP Sells 27,659 Shares of NMI Holdings Inc $NMIH

Susquehanna International Group LLP lessened its position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 59.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,951 shares of the financial services provider's stock after selling 27,659 shares during the period. Susquehanna International Group LLP's holdings in NMI were worth $779,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NMI by 9.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 215,188 shares of the financial services provider's stock worth $8,842,000 after buying an additional 19,128 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NMI during the second quarter worth approximately $3,542,000. Public Employees Retirement System of Ohio acquired a new position in NMI in the second quarter valued at approximately $36,000. Winmill & CO. Inc. acquired a new position in NMI in the second quarter valued at approximately $16,276,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of NMI during the 2nd quarter worth approximately $2,582,000. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Transactions at NMI

In related news, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the transaction, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. This represents a 18.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares of the company's stock, valued at approximately $4,303,411.65. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. 2.44% of the stock is currently owned by insiders.

NMI Price Performance

NMIH opened at $44.35 on Tuesday. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year 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 0.65. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 1.21 and a beta of 0.53. The firm's fifty day moving average price is $43.07 and its two-hundred day moving average price is $39.91.

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 for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million for the quarter, compared to the consensus estimate of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. As a group, analysts anticipate that NMI Holdings Inc will post 5.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

NMIH has been the topic of a number of research reports. UBS Group set a $46.00 target price on shares of NMI in a research report on Friday, May 22nd. JPMorgan Chase & Co. upped their price objective on shares of NMI from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Truist Financial raised their target price on NMI from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Weiss Ratings raised NMI from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $47.00 price target on shares of NMI in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, NMI has an average rating of "Moderate Buy" and an average price target of $48.33.

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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