Hsbc Holdings PLC Trims Holdings in NMI Holdings Inc $NMIH

Hsbc Holdings PLC lowered its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,848 shares of the financial services provider’s stock after selling 19,847 shares during the period. Hsbc Holdings PLC’s holdings in NMI were worth $2,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in NMI by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,317,436 shares of the financial services provider’s stock valued at $176,111,000 after acquiring an additional 28,569 shares during the period. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 5.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock valued at $82,234,000 after purchasing an additional 106,400 shares during the period. Geode Capital Management LLC raised its stake in shares of NMI by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after purchasing an additional 5,274 shares during the last quarter. Bank of America Corp DE raised its stake in shares of NMI by 95.3% during the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after purchasing an additional 495,144 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of NMI by 10.8% during the second 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 during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were 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 represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.44% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Barclays lowered their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group set a $46.00 price target on shares of NMI in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada assumed coverage on shares of NMI in a report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price target for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, NMI presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $41.16 on Friday. The company has a market cap of $3.13 billion, a P/E ratio of 8.38, a P/E/G ratio of 1.42 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $42.28. The business has a fifty day simple moving average of $38.21 and a 200-day simple moving average of $38.81.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating 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 $183.47 million during the quarter, compared to analyst estimates of $153.99 million. During the same period in the prior year, the firm posted $1.28 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that NMI Holdings Inc will post 5.12 EPS for the current year.

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.