Federated Hermes Inc. grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 39,091.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,745 shares of the financial services provider's stock after acquiring an additional 31,664 shares during the period. Federated Hermes Inc.'s holdings in NMI were worth $942,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Hsbc Holdings PLC raised its position in NMI by 5.0% in the third quarter. Hsbc Holdings PLC now owns 11,765 shares of the financial services provider's stock worth $323,000 after acquiring an additional 565 shares during the period. Cerity Partners LLC increased its stake in shares of NMI by 5.9% in the fourth quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider's stock worth $343,000 after purchasing an additional 644 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider's stock worth $555,000 after purchasing an additional 663 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of NMI in the fourth quarter worth $27,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NMI by 2.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,949 shares of the financial services provider's stock worth $1,097,000 after purchasing an additional 1,015 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of NMI from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. StockNews.com cut shares of NMI from a "buy" rating to a "hold" rating in a research note on Thursday, March 21st. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $33.00 to $36.00 and gave the stock a "market perform" rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on shares of NMI from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of NMI from $31.00 to $33.00 and gave the company a "sector perform" rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.67.
Check Out Our Latest Stock Report on NMI
NMI Price Performance
NMIH traded up $0.82 during trading on Thursday, hitting $32.47. 703,209 shares of the company traded hands, compared to its average volume of 552,033. NMI Holdings, Inc. has a 1 year low of $22.49 and a 1 year high of $32.66. The company has a market cap of $2.62 billion, a PE ratio of 8.04, a P/E/G ratio of 1.14 and a beta of 1.06. The stock's 50-day simple moving average is $30.51 and its two-hundred day simple moving average is $29.49. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21.
NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.12. NMI had a net margin of 56.26% and a return on equity of 18.48%. The business had revenue of $156.25 million during the quarter, compared to analysts' expectations of $133.76 million. During the same period last year, the company posted $0.88 EPS. The business's revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.05 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other NMI news, Chairman Bradley M. Shuster sold 12,836 shares of NMI stock in a transaction on Monday, February 12th. The shares were sold at an average price of $30.53, for a total value of $391,883.08. Following the completion of the transaction, the chairman now directly owns 427,271 shares of the company's stock, valued at approximately $13,044,583.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Robert Owen Smith sold 3,000 shares of the firm's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.19, for a total value of $93,570.00. Following the completion of the sale, the executive vice president now owns 82,612 shares in the company, valued at approximately $2,576,668.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 12,836 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $30.53, for a total transaction of $391,883.08. Following the completion of the sale, the chairman now owns 427,271 shares of the company's stock, valued at approximately $13,044,583.63. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock valued at $4,395,582 in the last three months. Corporate insiders own 2.70% of the company's stock.
NMI Company Profile
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Free Report)
NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.
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