Fifth Third Bancorp Has $3.46 Million Stock Position in NMI Holdings Inc $NMIH

Fifth Third Bancorp grew its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 43,220.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 92,273 shares of the financial services provider’s stock after acquiring an additional 92,060 shares during the quarter. Fifth Third Bancorp’s holdings in NMI were worth $3,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in shares of NMI by 22.9% during the fourth quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock worth $7,635,000 after purchasing an additional 34,907 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of 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 valued at $14,141,000 after buying an additional 142,065 shares during the period. River Road Asset Management LLC acquired a new stake in NMI during the fourth quarter worth approximately $15,104,000. Wedge Capital Management L L P NC grew its position in NMI by 43.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 156,644 shares of the financial services provider’s stock worth $6,390,000 after buying an additional 47,360 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in NMI by 92.4% during the 4th quarter. SG Americas Securities LLC now owns 37,812 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 18,157 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NMIH. Keefe, Bruyette & Woods upped their target price on NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada began coverage on NMI in a research note on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, Barclays decreased 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average price target of $46.00.

NMI Stock Performance

Shares of NMIH stock opened at $43.01 on Monday. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $43.36. The stock’s fifty day moving average price is $38.57 and its two-hundred day moving average price is $38.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $3.27 billion, a PE ratio of 8.76, a P/E/G ratio of 1.49 and a beta of 0.54.

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 return on equity of 15.18% and a net margin of 53.82%.The company had revenue of $183.47 million during the quarter, compared to analysts’ expectations of $153.99 million. During the same quarter in the previous year, the firm earned $1.28 EPS. NMI’s revenue was up 5.9% on a year-over-year basis. Equities analysts predict that NMI Holdings Inc will post 5.11 EPS for the current fiscal year.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total value of $58,896.60. Following the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.44% of the stock is currently owned by corporate insiders.

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.