Evergreen Capital Management LLC Boosts Position in NMI Holdings Inc $NMIH

Evergreen Capital Management LLC grew its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 110.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,405 shares of the financial services provider’s stock after buying an additional 16,470 shares during the period. Evergreen Capital Management LLC’s holdings in NMI were worth $1,281,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Arizona State Retirement System increased its stake in shares of NMI by 1.2% during the third quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock valued at $886,000 after buying an additional 277 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of NMI by 22.5% during the third quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of NMI by 51.5% during the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares during the period. California State Teachers Retirement System increased its stake in shares of NMI by 0.5% during the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after buying an additional 328 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of NMI by 19.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the financial services provider’s stock valued at $93,000 after buying an additional 401 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on NMI from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Barclays reduced their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. reduced their price target on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.20.

NMI Trading Up 2.2%

NMI stock opened at $41.16 on Friday. 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 business’s fifty day simple moving average is $38.52 and its two-hundred day simple moving average is $38.41. NMI Holdings Inc has a 12 month low of $33.11 and a 12 month high of $43.20. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.16 and a beta of 0.64.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The business had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. During the same period in the previous year, the company posted $1.07 earnings per share. As a group, equities analysts predict that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Norman Peter Fitzgerald sold 22,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total value of $638,240.00. Following the transaction, the executive vice president directly owned 38,733 shares in the company, valued at approximately $1,545,059.37. The trade was a 29.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 189,412 shares of company stock valued at $7,357,746. 2.44% of the stock is currently owned by corporate insiders.

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.