NMI Holdings Inc $NMIH Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 93.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,740 shares of the financial services provider’s stock after buying an additional 14,816 shares during the quarter. Vise Technologies Inc.’s holdings in NMI were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nykredit A S bought a new position in NMI in the second quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new stake in NMI in the second quarter worth about $36,000. Pacer Advisors Inc. boosted its position in NMI by 58.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares in the last quarter. Bessemer Group Inc. grew its holdings 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 worth $40,000 after acquiring an additional 272 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of NMI by 35.0% during the 4th 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 during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In related news, CEO Adam Pollitzer sold 172,706 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the transaction, the chief executive officer owned 270,267 shares of the company’s stock, valued at $12,121,474.95. This trade represents a 38.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Aurora Swithenbank sold 11,662 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 approximately $2,258,170.34. This trade represents a 18.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.44% of the company’s stock.

NMI Trading Down 11.8%

NASDAQ:NMIH opened at $39.03 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 7.67, a PEG ratio of 1.27 and a beta of 0.52. 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 one year low of $35.12 and a one year high of $46.74. The company’s 50-day simple moving average is $42.02 and its 200 day simple moving average is $40.37.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). NMI had a net margin of 53.11% and a return on equity of 14.87%. The business had revenue of $187.55 million for the quarter, compared to the consensus estimate of $159.20 million. During the same period in the prior year, the business posted $1.21 EPS. As a group, analysts forecast that NMI Holdings Inc will post 5.26 EPS for the current fiscal year.

NMI News Roundup

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 target price on shares of NMI in a research report on Tuesday, August 4th. Bank of America lowered NMI from a “buy” rating to a “neutral” rating and dropped their price target for the company from $51.00 to $44.00 in a research report on Friday, October 30th. Weiss Ratings cut NMI from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Truist Financial upped their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. decreased their price objective on NMI from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average target price of $47.75.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.