Aberdeen Group plc Has $14.41 Million Stock Holdings in NMI Holdings Inc $NMIH

Aberdeen Group plc trimmed its position in NMI Holdings Inc (NASDAQ:NMIH) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,162 shares of the financial services provider’s stock after selling 61,416 shares during the quarter. Aberdeen Group plc owned 0.46% of NMI worth $14,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after buying an additional 437 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of NMI during the 3rd quarter worth $55,000. Nisa Investment Advisors LLC grew its holdings in shares of NMI by 22.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 289 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of NMI by 1,308.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,779 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the completion of the transaction, the chairman directly owned 415,411 shares in the company, valued at $16,462,737.93. This trade represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total value of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This represents a 40.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 189,412 shares of company stock worth $7,357,746 over the last ninety days. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NMIH. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Barclays dropped their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday. JPMorgan Chase & Co. upped their price objective on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

NMI Price Performance

NMI stock opened at $37.91 on Tuesday. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.89 billion, a PE ratio of 7.72, a P/E/G ratio of 1.03 and a beta of 0.64. The stock has a 50-day moving average price of $38.61 and a two-hundred day moving average price of $38.33.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The company had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. During the same period last year, the company earned $1.07 earnings per share. Analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.