Chase Investment Counsel Corp Sells 18,357 Shares of NMI Holdings Inc $NMIH

Chase Investment Counsel Corp lessened its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 72.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,128 shares of the financial services provider’s stock after selling 18,357 shares during the period. Chase Investment Counsel Corp’s holdings in NMI were worth $273,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in NMI during the second quarter valued at about $36,000. Harbor Capital Advisors Inc. increased its stake in shares of NMI by 51.5% in the third 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. Elevation Point Wealth Partners LLC bought a new stake in shares of NMI in the second quarter valued at approximately $49,000. Financial Consulate Inc. purchased a new stake in shares of NMI during the 3rd quarter valued at approximately $55,000. Finally, Nisa Investment Advisors LLC lifted its stake 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 valued at $60,000 after buying an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total transaction of $638,240.00. Following the sale, the executive vice president owned 38,733 shares in the company, valued at approximately $1,545,059.37. This trade represents a 29.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 93,500 shares of company stock worth $3,716,540. Insiders own 3.00% of the company’s stock.

NMI Trading Down 0.7%

Shares of NMIH stock opened at $38.76 on Tuesday. The company has a market capitalization of $2.95 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20. The business’s fifty day moving average is $39.75 and its 200 day moving average is $38.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analyst estimates of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period in the prior year, the company earned $1.07 EPS. On average, equities research analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

NMI 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.