16,594 Shares in NMI Holdings Inc $NMIH Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,594 shares of the financial services provider’s stock, valued at approximately $677,000.

Several other large investors have also bought and sold shares of the stock. Allworth Financial LP raised its position in shares of NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP bought a new position in shares of NMI in the 4th quarter worth about $31,000. IFP Advisors Inc raised its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 521 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 620 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of NMI by 212.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,688 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,148 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

NMIH has been the subject of several research analyst reports. Royal Bank Of Canada began coverage on NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. Barclays reduced their target price on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods reduced their target price on NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Weiss Ratings downgraded NMI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, UBS Group set a $46.00 target price on NMI in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus price target of $44.80.

NMI Price Performance

NMI stock opened at $37.05 on Monday. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20. The company’s 50 day moving average price is $38.12 and its two-hundred day moving average price is $38.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.81 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.28 and a beta of 0.56.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The company 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 firm posted $1.28 EPS. NMI’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts predict that NMI Holdings Inc will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, Chairman Bradley M. Shuster sold 18,996 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $37.05, for a total value of $703,801.80. Following the completion of the transaction, the chairman directly owned 415,411 shares in the company, valued at approximately $15,390,977.55. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares of the company’s stock, valued at $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,503 shares of company stock valued at $1,470,593 over the last 90 days. Company insiders own 2.44% of the company’s stock.

NMI Company 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.