Leeward Investments LLC MA Sells 1,033 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

by · The Cerbat Gem

Leeward Investments LLC MA decreased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Free Report) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 305,952 shares of the financial services provider’s stock after selling 1,033 shares during the quarter. Leeward Investments LLC MA owned about 0.38% of NMI worth $12,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 2,950 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in NMI by 11.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider’s stock worth $39,949,000 after purchasing an additional 97,125 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in NMI by 38.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after buying an additional 534,818 shares during the period. Creative Planning boosted its position in shares of NMI by 13.4% during the third quarter. Creative Planning now owns 20,006 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in NMI by 24.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 46,700 shares of the financial services provider’s stock worth $1,924,000 after purchasing an additional 9,100 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Trading Up 4.6 %

Shares of NMI stock opened at $39.28 on Thursday. The business has a 50-day moving average price of $40.34 and a 200-day moving average price of $36.76. NMI Holdings, Inc. has a twelve month low of $27.00 and a twelve month high of $42.49. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.84 and a beta of 1.13. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. NMI had a net margin of 56.40% and a return on equity of 18.29%. The business had revenue of $166.09 million during the quarter, compared to analysts’ expectations of $164.59 million. Equities research analysts anticipate that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NMIH. JPMorgan Chase & Co. upped their target price on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $40.00 to $48.00 in a report on Wednesday, September 18th. Truist Financial lifted their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their target price on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

Get Our Latest Stock Report on NMIH

Insider Activity at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

About NMI

(Free Report)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.

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