Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 165,384 shares of the financial services provider's stock after acquiring an additional 26,614 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of NMI worth $6,759,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada increased its position in NMI by 20.4% during 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NMI by 4.5% during 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 buying an additional 2,030 shares during the last quarter. NewEdge Advisors LLC acquired a new position in NMI during the first quarter worth approximately $256,000. Ashton Thomas Private Wealth LLC acquired a new position in NMI during the first quarter worth approximately $203,000. Finally, Jane Street Group LLC increased its position in NMI by 1,312.9% during the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider's stock worth $8,081,000 after buying an additional 208,287 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.
Insiders Place Their Bets
In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the transaction, the executive vice president owned 32,445 shares in the company, valued at approximately $1,295,853.30. The trade was a 40.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the transaction, the executive vice president owned 38,733 shares in the company, valued at $1,545,059.37. The trade was a 29.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 189,412 shares of company stock worth $7,357,746. Company insiders own 2.44% of the company's stock.
Wall Street Analysts Forecast Growth
NMIH has been the topic of a number of recent analyst reports. Barclays lowered their price target on NMI from $44.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Weiss Ratings restated a "buy (b)" rating on shares of NMI in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their price target on NMI from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. reduced their price target on NMI from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, NMI presently has an average rating of "Moderate Buy" and an average price target of $43.20.
Get Our Latest Analysis on NMIH
NMI Stock Up 1.2%
Shares of NMIH opened at $41.59 on Tuesday. NMI Holdings Inc has a 52 week low of $33.22 and a 52 week high of $43.20. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 1.18 and a beta of 0.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a fifty day moving average of $38.59 and a 200-day moving average of $38.51.
NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $180.74 million during the quarter, compared to analysts' expectations of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period in the prior year, the company earned $1.07 EPS. As a group, sell-side analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.
NMI Profile
(
Free Report)
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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