Inspire Investing LLC Has $343,000 Stock Holdings in NMI Holdings Inc $NMIH

Inspire Investing LLC cut its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 12.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,523 shares of the financial services provider’s stock after selling 1,378 shares during the period. Inspire Investing LLC’s holdings in NMI were worth $343,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in NMI during the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in NMI during the 1st quarter worth approximately $33,000. Neo Ivy Capital Management acquired a new stake in NMI during the 1st quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of NMI in the 1st quarter worth approximately $48,000. Finally, Quarry LP lifted its position in shares of NMI by 89.3% in the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 699 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NMIH has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods downgraded shares of NMI from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $42.00 to $43.00 in a research report on Monday, July 7th. Barclays boosted their price target on shares of NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. boosted their price target on shares of NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Compass Point restated a “buy” rating and issued a $37.00 price target (up previously from $34.00) on shares of NMI in a research report on Friday, May 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

NMI Stock Performance

Shares of NMIH stock opened at $38.45 on Wednesday. The firm has a market capitalization of $2.98 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.13 and a beta of 0.55. The firm has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $37.86. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $149.07 million during the quarter, compared to analyst estimates of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. NMI’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.20 EPS. Analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

NMI Company Profile

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.