NMI Holdings Inc $NMIH Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,188 shares of the financial services provider’s stock after buying an additional 19,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of NMI worth $8,842,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Donald Smith & CO. Inc. purchased a new stake in shares of NMI in the second quarter valued at $36,262,000. Bank of New York Mellon Corp purchased a new stake in NMI during the 2nd quarter worth about $20,919,000. Bank of America Corp DE raised its stake in NMI by 95.3% in the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after purchasing an additional 495,144 shares during the last quarter. Winmill & CO. Inc. acquired a new position in NMI in the 2nd quarter valued at about $16,276,000. Finally, River Road Asset Management LLC purchased a new position in NMI in the 4th quarter valued at about $15,104,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NMI

In other news, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total value of $519,075.62. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert Smith sold 12,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the executive vice president owned 96,381 shares of the company’s stock, valued at $4,303,411.65. The trade was a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 196,368 shares of company stock worth $8,800,740 in the last three months. 2.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group set a $46.00 price target on shares of NMI in a research note on Friday, May 22nd. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Truist Financial raised their target price 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. JPMorgan Chase & Co. lifted their target price on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $47.00 price target on shares of NMI in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

NMI Price Performance

Shares of NASDAQ NMIH opened at $44.83 on Tuesday. The stock has a market capitalization of $3.37 billion, a PE ratio of 8.82, a P/E/G ratio of 1.21 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $43.56 and a 200-day moving average of $40.07. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $46.74.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping 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 business had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. During the same period last year, the company posted $1.22 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts anticipate that NMI Holdings Inc will post 5.25 EPS for the current year.

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.