Aviva PLC lessened its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) by 31.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 77,396 shares of the financial services provider’s stock after selling 36,166 shares during the quarter. Aviva PLC owned about 0.09% of NMI worth $1,577,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of NMI during the 1st quarter worth about $33,000. Strs Ohio raised its stake in NMI by 400.0% in the 3rd quarter. Strs Ohio now owns 3,000 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 2,400 shares in the last quarter. Federated Hermes Inc. raised its stake in NMI by 36.9% in the 1st quarter. Federated Hermes Inc. now owns 3,112 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 838 shares in the last quarter. Captrust Financial Advisors raised its stake in NMI by 136.6% in the 1st quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in NMI by 563.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,929 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 4,186 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.
Analyst Ratings Changes
NMIH has been the subject of several analyst reports. BTIG Research cut shares of NMI from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Tuesday, December 6th. Citigroup lifted their price objective on shares of NMI from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, February 15th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $31.00 to $25.00 in a research note on Friday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NMI from $27.00 to $26.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, NMI has an average rating of “Hold” and a consensus target price of $25.50.
NMI Price Performance
NMI (NASDAQ:NMIH – Get Rating) last released its earnings results on Tuesday, February 14th. The financial services provider reported $0.86 EPS for the quarter, meeting the consensus estimate of $0.86. The firm had revenue of $133.10 million for the quarter, compared to analyst estimates of $132.64 million. NMI had a net margin of 55.97% and a return on equity of 18.81%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. On average, analysts anticipate that NMI Holdings, Inc. will post 3.62 earnings per share for the current fiscal year.
Insider Activity at NMI
In related news, EVP Mohammad Nawaz Yousaf sold 9,000 shares of NMI stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $24.16, for a total transaction of $217,440.00. Following the sale, the executive vice president now directly owns 41,724 shares of the company’s stock, valued at approximately $1,008,051.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.
About NMI
NMI Holdings, Inc engages in the provision of private mortgage guaranty insurance. It focuses on long-term customer relationships, disciplined and proactive risk selection and pricing, fair and transparent claims payment practices, responsive customer service, financial strength, and profitability. The company was founded on May 19, 2011 and is headquartered in Emeryville, CA.
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