14,816 NMI Holdings Inc $NMIH Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. raised its position in shares of NMI Holdings Inc (NASDAQ:NMIH – Free Report) by 93.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,740 shares of the financial services provider’s stock after purchasing an additional 14,816 shares during the quarter. Vise Technologies Inc.’s holdings in NMI were worth $1,147,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NMIH. Dimensional Fund Advisors LP lifted its stake in shares of NMI by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock worth $163,237,000 after buying an additional 34,372 shares in the last quarter. Bank of America Corp DE increased its position in shares of NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock valued at $48,937,000 after acquiring an additional 241,724 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of NMI during the second quarter valued at approximately $36,262,000. Bank of New York Mellon Corp bought a new stake in shares of NMI during the second quarter valued at approximately $20,919,000. Finally, Winmill & CO. Inc. purchased a new position in NMI in the 2nd quarter worth approximately $16,276,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on NMIH shares. JPMorgan Chase & Co. lowered their price objective on NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Weiss Ratings lowered NMI from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Bank of America lowered NMI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $51.00 to $44.00 in a report on Friday, October 30th. Keefe, Bruyette & Woods cut NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price target for the company. in a research note on Monday, August 3rd. Finally, Truist Financial upped their price target on NMI from $49.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and a consensus price target of $47.75.

Read Our Latest Stock Report on NMIH

NMI Stock Performance

Shares of NASDAQ NMIH opened at $39.03 on Friday. The firm’s 50-day moving average price is $42.02 and its 200-day moving average price is $40.37. NMI Holdings Inc has a 52-week low of $35.12 and a 52-week high of $46.74. The company has a market cap of $2.94 billion, a PE ratio of 7.67, a PEG ratio of 1.27 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15.

NMI (NASDAQ:NMIH – Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). NMI had a net margin of 53.11% and a return on equity of 14.87%. The company had revenue of $187.55 million for the quarter, compared to analysts’ expectations of $159.20 million. During the same period in the previous year, the firm earned $1.21 earnings per share. As a group, analysts anticipate that NMI Holdings Inc will post 5.26 EPS for the current year.

Insider Buying and Selling

In other NMI news, EVP Aurora Swithenbank sold 11,662 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the sale, the executive vice president directly owned 50,734 shares in the company, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Pollitzer sold 172,706 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the sale, the chief executive officer owned 270,267 shares of the company’s stock, valued at approximately $12,121,474.95. This represents a 38.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.44% of the company’s stock.

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About NMI

(Free Report)

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.

See Also

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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