882,495 Shares in NMI Holdings Inc $NMIH Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. purchased a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 882,495 shares of the financial services provider’s stock, valued at approximately $36,262,000. Donald Smith & CO. Inc. owned approximately 1.17% of NMI at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NMIH. Bank of New York Mellon Corp bought a new stake in shares of NMI in the 2nd quarter worth about $20,919,000. Wedge Capital Management L L P NC lifted its position in shares of NMI by 2.3% during the second quarter. Wedge Capital Management L L P NC now owns 162,159 shares of the financial services provider’s stock worth $6,663,000 after purchasing an additional 3,586 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of NMI by 11.6% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 310 shares during the last quarter. Pacer Advisors Inc. grew its stake in NMI by 58.7% in the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 372 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in NMI by 22.7% in the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after purchasing an additional 241,724 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Down 0.5%

NASDAQ:NMIH opened at $45.16 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $42.18 and a 200-day moving average of $39.71. The firm has a market capitalization of $3.40 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.54. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $46.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) 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 the consensus estimate of $156.26 million. During the same quarter last year, the business posted $1.22 EPS. The business’s revenue was up 8.1% on a year-over-year basis. Analysts predict that NMI Holdings Inc will post 5.25 EPS for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at NMI

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

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.