NMI Holdings Inc $NMIH Holdings Raised by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 188.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,577 shares of the financial services provider’s stock after purchasing an additional 61,116 shares during the quarter. AlphaQuest LLC owned 0.12% of NMI worth $3,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its position in NMI by 5.4% in the 2nd quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider’s stock worth $94,919,000 after purchasing an additional 115,854 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NMI by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock worth $82,996,000 after buying an additional 5,628 shares during the period. Frontier Capital Management Co. LLC grew its holdings in NMI by 3.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock worth $47,251,000 after buying an additional 42,436 shares in the last quarter. Qube Research & Technologies Ltd increased its position in NMI by 10.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock valued at $32,000,000 after acquiring an additional 73,695 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in NMI by 76.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock valued at $27,008,000 after acquiring an additional 277,318 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

NMIH opened at $38.80 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.98 billion, a PE ratio of 8.12, a P/E/G ratio of 1.14 and a beta of 0.66. The business has a fifty day simple moving average of $39.24 and a 200-day simple moving average of $38.41. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. The business had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. NMI had a return on equity of 16.08% and a net margin of 55.02%.NMI’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 earnings per share. As a group, equities analysts predict that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In other news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

NMIH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and increased their target price for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. UBS Group set a $43.00 price target on shares of NMI in a research note on Monday, January 12th. Barclays boosted their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

NMI Company Profile

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.