Susquehanna International Group LLP Sells 27,659 Shares of NMI Holdings Inc $NMIH

Susquehanna International Group LLP cut its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 59.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,951 shares of the financial services provider’s stock after selling 27,659 shares during the period. Susquehanna International Group LLP’s holdings in NMI were worth $779,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NMIH. Donald Smith & CO. Inc. bought a new position in shares of NMI in the second quarter worth $36,262,000. Bank of New York Mellon Corp bought a new position in NMI in the 2nd quarter worth about $20,919,000. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 495,144 shares in the last quarter. Winmill & CO. Inc. bought a new stake in shares of NMI during the 2nd quarter valued at about $16,276,000. Finally, River Road Asset Management LLC bought a new stake in shares of NMI during the 4th quarter valued at about $15,104,000. Institutional investors own 94.12% of the company’s stock.

NMI Price Performance

Shares of NMI stock opened at $44.35 on Tuesday. The company’s fifty day simple moving average is $43.07 and its two-hundred day simple moving average is $39.91. The firm has a market cap of $3.34 billion, a PE ratio of 8.73, a price-to-earnings-growth 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. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $46.74.

NMI (NASDAQ:NMIH) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations 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. As a group, equities analysts expect that NMI Holdings Inc will post 5.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 target price on shares of NMI in a research note on Tuesday, August 4th. Truist Financial increased their price target on shares of NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $47.00 price objective on shares of NMI in a research report on Monday, August 3rd. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Four equities 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.com, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $48.33.

Insider Activity at NMI

In other news, EVP Aurora Swithenbank sold 11,662 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Owen Smith sold 12,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the completion of the sale, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. This trade represents a 11.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.44% of the company’s stock.

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.