River Road Asset Management LLC Takes $15.10 Million Position in NMI Holdings Inc $NMIH

Posted by Brian Himes on Jun 20th, 2026

River Road Asset Management LLC bought a new position in shares of NMI Holdings Inc (NASDAQ:NMIH – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 370,295 shares of the financial services provider’s stock, valued at approximately $15,104,000.

A number of other hedge funds also recently made changes to their positions in NMIH. Mercer Global Advisors Inc. ADV grew its position in NMI by 63.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,816 shares of the financial services provider’s stock valued at $768,000 after buying an additional 7,280 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of NMI by 3.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 36,365 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 1,084 shares during the period. EP Wealth Advisors LLC bought a new stake in NMI in the 4th quarter valued at about $417,000. Mackenzie Financial Corp bought a new stake in shares of NMI in the fourth quarter valued at approximately $604,000. Finally, NewEdge Advisors LLC raised its holdings in NMI by 82.3% during the 4th quarter. NewEdge Advisors LLC now owns 18,111 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 8,175 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Activity at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the sale, the director owned 69,026 shares in the company, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley M. Shuster sold 18,953 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the completion of the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at $15,515,600.85. The trade was a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.44% of the company’s stock.

NMI Stock Performance

Shares of NMIH stock opened at $37.48 on Friday. The stock has a 50 day moving average price of $38.07 and a two-hundred day moving average price of $38.67. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $2.85 billion, a P/E ratio of 7.63, a PEG ratio of 1.30 and a beta of 0.55.

NMI (NASDAQ:NMIH – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The business had revenue of $183.47 million during the quarter, compared to analysts’ expectations of $153.99 million. During the same quarter in the prior year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts expect that NMI Holdings Inc will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NMIH. Royal Bank Of Canada assumed coverage on NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their target price on NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Barclays decreased their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, NMI has an average rating of “Moderate Buy” and an average price target of $44.80.

Read Our Latest Research Report on NMI

NMI Company Profile

(Free Report)

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.