NMI Holdings Inc $NMIH Shares Sold by UBS Group AG

UBS Group AG cut its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 29.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 165,518 shares of the financial services provider’s stock after selling 69,836 shares during the period. UBS Group AG’s holdings in NMI were worth $6,751,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of NMI by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after acquiring an additional 31,570 shares during the last quarter. American Century Companies Inc. increased its position in shares of NMI by 5.8% during the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after acquiring an additional 130,002 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of NMI by 0.4% in the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock valued at $73,215,000 after purchasing an additional 7,973 shares during the period. Barclays PLC boosted its stake in shares of NMI by 3.6% in the third quarter. Barclays PLC now owns 1,104,880 shares of the financial services provider’s stock valued at $42,361,000 after purchasing an additional 38,021 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of NMI by 95.3% in the third 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 period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NMI

In related news, Chairman Bradley M. Shuster sold 19,557 shares of NMI stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $39.85, for a total value of $779,346.45. Following the completion of the transaction, the chairman owned 415,411 shares in the company, valued at $16,554,128.35. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 95,912 shares of company stock valued at $3,641,206 in the last ninety days. 2.44% of the stock is owned by insiders.

NMI Trading Down 2.0%

NASDAQ NMIH opened at $37.80 on Wednesday. The firm has a 50 day simple moving average of $38.37 and a 200-day simple moving average of $38.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. NMI Holdings Inc has a one year low of $34.84 and a one year high of $43.20. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 1.33 and a beta of 0.59.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The company had revenue of $183.48 million during the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that NMI Holdings Inc will post 5.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NMIH has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Barclays lowered their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods lowered their price objective on shares of NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold 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 $42.40.

About NMI

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.