Wedge Capital Management L L P NC Has $6.39 Million Stake in NMI Holdings Inc $NMIH

Key Points

• Wedge Capital boosted its stake in NMI Holdings by 43.3% in Q4 and now owns 156,644 shares (about 0.20% of the company) worth $6.39 million.
• Company insiders have been selling: the EVP sold 22,500 shares at an average $39.94 and the chairman sold 18,953 shares at $37.35, with insiders offloading 189,412 shares worth $7.36 million in the past 90 days (insiders own 3% of the stock).
• NMIH trades around $36.86 with a market cap of $2.8 billion and a PE of 7.51, a 12‑month range of $31.90–$43.20, and analysts carry a consensus "Moderate Buy" with an average price target of $43.00.

Wedge Capital Management L L P NC raised its position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,644 shares of the financial services provider's stock after acquiring an additional 47,360 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.20% of NMI worth $6,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in shares of NMI by 7.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 53,735 shares of the financial services provider's stock valued at $2,192,000 after purchasing an additional 3,496 shares during the period. SG Americas Securities LLC grew its holdings in NMI by 92.4% during the fourth quarter. SG Americas Securities LLC now owns 37,812 shares of the financial services provider's stock worth $1,542,000 after purchasing an additional 18,157 shares during the period. Diversified Trust Co. increased its position in NMI by 4.0% during the fourth quarter. Diversified Trust Co. now owns 36,705 shares of the financial services provider's stock worth $1,497,000 after buying an additional 1,421 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in NMI by 14.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,333 shares of the financial services provider's stock worth $1,023,000 after buying an additional 3,252 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its stake in NMI by 5.2% in the fourth quarter. CWA Asset Management Group LLC now owns 47,658 shares of the financial services provider's stock valued at $1,944,000 after buying an additional 2,368 shares during the period. Institutional investors own 94.12% of the company's stock.

Insider Activity at NMI

In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total value of $898,650.00. Following the transaction, the executive vice president directly owned 32,445 shares of the company's stock, valued at $1,295,853.30. This represents a 40.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 18,953 shares of NMI stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the sale, the chairman directly owned 415,411 shares of the company's stock, valued at $15,515,600.85. This represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 189,412 shares of company stock worth $7,357,746 in the last ninety days. 3.00% of the stock is owned by company insiders.

NMI Trading Down 1.8%

Shares of NMIH stock opened at $36.86 on Friday. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. The company has a market capitalization of $2.80 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The firm has a 50 day moving average price of $38.68 and a two-hundred day moving average price of $38.41. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH - Get Free Report) last posted its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, January 12th. Barclays increased their price target on NMI from $43.00 to $44.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 6th. UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NMI in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.00.

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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