NMI Holdings Inc $NMIH Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,768 shares of the financial services provider’s stock after selling 206,391 shares during the quarter. BNP Paribas Financial Markets’ holdings in NMI were worth $11,371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NMIH. Public Sector Pension Investment Board increased its position in NMI by 5.4% in the third quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock worth $22,906,000 after buying an additional 30,341 shares during the period. Tudor Investment Corp ET AL increased its position in NMI by 62.6% in the third quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock worth $14,141,000 after buying an additional 142,065 shares during the period. Teacher Retirement System of Texas lifted its position in NMI by 22.9% in the 4th quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock valued at $7,635,000 after purchasing an additional 34,907 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NMI by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after purchasing an additional 31,570 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in NMI in the 3rd quarter valued at about $866,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling at NMI

In other news, Chairman Bradley M. Shuster sold 18,953 shares of the company’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 owned 415,411 shares in the company, valued at $15,515,600.85. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were 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 of the company’s stock, valued at approximately $2,616,085.40. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 58,479 shares of company stock valued at $2,164,735. Insiders own 2.44% of the company’s stock.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $36.55 on Monday. NMI Holdings Inc has a 12 month low of $34.84 and a 12 month high of $43.20. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.27 and a beta of 0.55. The stock’s 50 day moving average price is $38.18 and its 200 day moving average price is $38.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm had revenue of $183.48 million for the quarter, compared to analysts’ expectations of $153.99 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NMIH has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their price objective on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada started coverage on NMI in a research report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective for the company. UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Finally, Weiss Ratings cut NMI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

NMI 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.