Cwm LLC Acquires 14,916 Shares of NMI Holdings Inc $NMIH

Cwm LLC raised its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 87.7% in the third quarter, HoldingsChannel.com reports. The firm owned 31,926 shares of the financial services provider’s stock after purchasing an additional 14,916 shares during the quarter. Cwm LLC’s holdings in NMI were worth $1,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NMIH. American Century Companies Inc. raised its position in shares of NMI by 5.4% in the second quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider’s stock valued at $94,919,000 after buying an additional 115,854 shares in the last quarter. Geode Capital Management LLC raised its holdings in NMI by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider’s stock valued at $82,996,000 after acquiring an additional 5,628 shares in the last quarter. Millennium Management LLC raised its holdings in NMI by 209.9% in the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider’s stock valued at $51,658,000 after acquiring an additional 970,551 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of NMI by 3.9% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock valued at $47,251,000 after acquiring an additional 42,436 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of NMI by 10.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider’s stock worth $32,000,000 after purchasing an additional 73,695 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $41.21 on Tuesday. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.22 and a beta of 0.66. The firm has a 50 day simple moving average of $38.64 and a 200 day simple moving average of $38.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same period in the prior year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NMIH has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Barclays reissued a “cautious” rating on shares of NMI in a report on Monday, October 6th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.20.

About NMI

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.