Algert Global LLC Increases Stock Holdings in NMI Holdings Inc $NMIH

Algert Global LLC increased its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 28.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,546 shares of the financial services provider’s stock after buying an additional 96,751 shares during the period. Algert Global LLC owned about 0.57% of NMI worth $16,891,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new position in NMI during the 2nd quarter valued at about $13,245,000. BNP Paribas Financial Markets raised its position in NMI by 184.3% during the second quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after acquiring an additional 277,065 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of NMI by 85.7% in the third quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after purchasing an additional 276,897 shares in the last quarter. Cerity Partners LLC grew its position in shares of NMI by 690.4% in the second quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock valued at $10,294,000 after purchasing an additional 213,120 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

Shares of NMIH opened at $37.31 on Friday. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company’s 50 day simple moving average is $39.05 and its 200 day simple moving average is $38.58. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.03 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 (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 net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. During the same period in the previous year, the company earned $1.07 EPS. On average, sell-side analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Activity

In other NMI news, Chairman Bradley M. Shuster sold 18,976 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $36.58, for a total value of $694,142.08. Following the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $15,195,734.38. This trade represents a 4.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of NMI stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total value 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 $1,545,059.37. This trade represents a 29.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 151,463 shares of company stock valued at $5,946,050 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

NMIH has been the subject of several research reports. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Keefe, Bruyette & Woods upgraded 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 report on Thursday, December 18th. JPMorgan Chase & Co. raised their price target on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Finally, Barclays upped their price objective on NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and an average target price 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.