Federated Hermes Inc. Has $942,000 Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Federated Hermes Inc. lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 39,091.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,745 shares of the financial services provider’s stock after purchasing an additional 31,664 shares during the quarter. Federated Hermes Inc.’s holdings in NMI were worth $942,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NMIH. Daiwa Securities Group Inc. acquired a new position in shares of NMI during the fourth quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NMI by 3.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,692 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 663 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of NMI in the fourth quarter worth approximately $1,205,000. Cerity Partners LLC lifted its holdings in shares of NMI by 5.9% in the fourth quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 644 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NMI by 2.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,949 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 1,015 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the sale, the chairman now owns 453,298 shares of the company’s stock, valued at $13,512,813.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Nicholas Daniel Realmuto sold 1,249 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $30.23, for a total value of $37,757.27. Following the completion of the transaction, the vice president now directly owns 10,455 shares of the company’s stock, valued at $316,054.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Bradley M. Shuster sold 6,559 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the sale, the chairman now owns 453,298 shares in the company, valued at $13,512,813.38. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 over the last quarter. 2.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their price objective on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, Truist Financial increased their price target on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

NMI Price Performance

NMI stock opened at $31.65 on Thursday. The business’s 50 day simple moving average is $30.45 and its 200 day simple moving average is $29.47. NMI Holdings, Inc. has a 12 month low of $22.40 and a 12 month high of $32.66. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.15 and a beta of 1.06. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.12. NMI had a return on equity of 17.97% and a net margin of 55.63%. The firm had revenue of $156.25 million for the quarter, compared to analysts’ expectations of $133.76 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.05 EPS for the current year.

About NMI

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.