Elo Mutual Pension Insurance Co Purchases 16,873 Shares of NMI Holdings Inc $NMIH

Elo Mutual Pension Insurance Co grew its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 76.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,045 shares of the financial services provider’s stock after acquiring an additional 16,873 shares during the period. Elo Mutual Pension Insurance Co owned 0.05% of NMI worth $1,497,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock valued at $91,242,000 after purchasing an additional 130,002 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in NMI in the third quarter valued at approximately $93,000. R Squared Ltd boosted its holdings in shares of NMI by 64.5% during the 3rd quarter. R Squared Ltd now owns 15,803 shares of the financial services provider’s stock worth $606,000 after buying an additional 6,199 shares in the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of NMI by 9.6% during the 3rd quarter. Hohimer Wealth Management LLC now owns 5,567 shares of the financial services provider’s stock worth $213,000 after buying an additional 486 shares in the last quarter. Finally, TD Asset Management Inc grew its position in shares of NMI by 154.0% during the 3rd quarter. TD Asset Management Inc now owns 16,000 shares of the financial services provider’s stock worth $613,000 after buying an additional 9,700 shares during the period. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NMI Price Performance

Shares of NASDAQ NMIH opened at $38.70 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 1.08 and a beta of 0.63. 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 Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm’s 50-day simple moving average is $39.45 and its 200 day simple moving average is $38.65.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data 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. The firm had revenue of $180.74 million during the quarter, compared to the consensus estimate 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 business posted $1.07 earnings per share. As a group, research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction on Tuesday, February 17th. The shares were 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. The trade was a 40.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total transaction of $638,240.00. Following the completion of the sale, the executive vice president owned 38,733 shares of the company’s stock, valued at approximately $1,545,059.37. This represents a 29.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 113,057 shares of company stock worth $4,495,886. Corporate insiders own 3.00% of the company’s stock.

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.