Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 86,200 NMI Holdings Inc $NMIH

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 86,200 shares of the financial services provider’s stock, valued at approximately $3,542,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.11% of NMI at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. River Road Asset Management LLC acquired a new position in NMI during the fourth quarter worth about $15,104,000. Sei Investments Co. lifted its position in shares of NMI by 46.9% during the 1st quarter. Sei Investments Co. now owns 81,673 shares of the financial services provider’s stock valued at $3,064,000 after acquiring an additional 26,059 shares during the period. Bank of America Corp DE boosted its stake in shares of NMI by 22.7% during the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after acquiring an additional 241,724 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of NMI by 16.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 338,434 shares of the financial services provider’s stock worth $12,695,000 after acquiring an additional 47,891 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in NMI by 70.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 38,600 shares of the financial services provider’s stock valued at $1,574,000 after purchasing an additional 16,000 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NMI

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of NMI 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 transaction, the executive vice president directly owned 96,381 shares of the company’s stock, valued at $4,303,411.65. The trade was a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the sale, the executive vice president directly owned 50,734 shares of the company’s stock, valued at $2,258,170.34. The trade was a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.44% of the company’s stock.

NMI Stock Up 0.0%

NMIH stock opened at $44.81 on Friday. The company has a 50 day moving average price of $42.93 and a two-hundred day moving average price of $39.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $3.37 billion, a P/E ratio of 8.82, a PEG ratio of 1.21 and a beta of 0.54. NMI Holdings Inc has a one year low of $34.84 and a one year high of $46.74.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%.The company had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. During the same quarter in the previous year, the business earned $1.22 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that NMI Holdings Inc will post 5.25 EPS for the current year.

Analysts Set New Price Targets

NMIH has been the topic of a number of research analyst reports. UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Truist Financial boosted their price objective on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of NMI in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $47.00 target price on shares of NMI in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.33.

NMI Company 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.