NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 74.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,481 shares of the financial services provider’s stock after buying an additional 8,716 shares during the quarter. Hsbc Holdings PLC’s holdings in NMI were worth $609,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Raymond James & Associates raised its position in NMI by 4.5% during the third quarter. Raymond James & Associates now owns 120,880 shares of the financial services provider’s stock worth $3,275,000 after acquiring an additional 5,212 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of NMI by 15.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,029 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 2,447 shares during the last quarter. Assetmark Inc. lifted its stake in NMI by 17,540.3% in the 3rd quarter. Assetmark Inc. now owns 65,622 shares of the financial services provider’s stock valued at $1,778,000 after buying an additional 65,250 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in NMI by 33.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,677 shares of the financial services provider’s stock worth $262,000 after buying an additional 2,421 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in NMI in the 3rd quarter worth about $211,000. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NMIH has been the topic of several research reports. Royal Bank of Canada raised their target price on NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on NMI from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Truist Financial increased their target price on shares of NMI from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Insider Buying and Selling at NMI

In other NMI news, Chairman Bradley M. Shuster sold 12,836 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $30.53, for a total transaction of $391,883.08. Following the sale, the chairman now directly owns 427,271 shares in the company, valued at $13,044,583.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James G. Jones sold 54,900 shares of NMI stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $30.16, for a total value of $1,655,784.00. Following the completion of the transaction, the director now owns 57,641 shares in the company, valued at $1,738,452.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bradley M. Shuster sold 12,836 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $30.53, for a total transaction of $391,883.08. Following the completion of the sale, the chairman now directly owns 427,271 shares in the company, valued at $13,044,583.63. The disclosure for this sale can be found here. Insiders sold a total of 145,158 shares of company stock worth $4,395,582 over the last three months. Insiders own 2.70% of the company’s stock.

NMI Trading Up 0.1 %

NMI stock traded up $0.04 during mid-day trading on Friday, hitting $32.51. The company’s stock had a trading volume of 669,494 shares, compared to its average volume of 517,729. The stock’s fifty day moving average is $30.57 and its two-hundred day moving average is $29.53. The company has a current ratio of 0.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.61 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06. NMI Holdings, Inc. has a 1 year low of $22.49 and a 1 year high of $32.80.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.12. The business had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. NMI had a return on equity of 18.09% and a net margin of 56.26%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, analysts anticipate that NMI Holdings, Inc. will post 4.18 EPS for the current year.

NMI Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.