Headlands Technologies LLC Buys 14,859 Shares of NMI Holdings Inc $NMIH

Headlands Technologies LLC grew its stake in NMI Holdings Inc (NASDAQ:NMIH) by 129.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,359 shares of the financial services provider’s stock after buying an additional 14,859 shares during the period. Headlands Technologies LLC’s holdings in NMI were worth $1,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NMIH. Bessemer Group Inc. raised its position in shares of NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after buying an additional 272 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 301 shares in the last quarter. Evolve Private Wealth LLC increased its stake in NMI by 1.6% in the first quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 302 shares during the last quarter. GAMMA Investing LLC increased its stake in NMI by 11.6% in the second quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 310 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Price Performance

NMIH opened at $44.27 on Wednesday. The stock’s 50 day simple moving average is $43.19 and its 200 day simple moving average is $39.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $46.74. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.19 and a beta of 0.53.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. 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. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 price objective on shares of NMI in a report on Tuesday, August 4th. Truist Financial boosted their target price on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price target on shares of NMI in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and an average price target of $48.33.

Insider Buying and Selling at NMI

In related news, EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were 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 in the company, valued at $2,258,170.34. This represents a 18.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert Owen Smith sold 12,000 shares of the stock in a transaction 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 2.44% of the stock is owned by insiders.

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.