Hsbc Holdings PLC Has $2.58 Million Stock Position in NMI Holdings Inc $NMIH

Hsbc Holdings PLC reduced its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,848 shares of the financial services provider’s stock after selling 19,847 shares during the quarter. Hsbc Holdings PLC owned 0.08% of NMI worth $2,578,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NMIH. California State Teachers Retirement System lifted its stake in shares of NMI by 0.5% in the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after buying an additional 328 shares during the period. Royal Bank of Canada increased its position in shares of NMI by 0.3% during the fourth quarter. Royal Bank of Canada now owns 111,334 shares of the financial services provider’s stock valued at $4,541,000 after purchasing an additional 348 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of NMI by 0.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 40,830 shares of the financial services provider’s stock valued at $1,665,000 after acquiring an additional 372 shares in the last quarter. Covestor Ltd lifted its stake in NMI by 11.4% during the fourth quarter. Covestor Ltd now owns 3,894 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 398 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in NMI by 19.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the financial services provider’s stock worth $93,000 after purchasing an additional 401 shares during the period. 94.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction dated 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 in the company, valued at $2,616,085.40. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.44% of the company’s stock.

NMI Price Performance

NASDAQ:NMIH opened at $40.62 on Monday. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock’s 50 day moving average price is $38.09 and its two-hundred day moving average price is $38.72. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $43.20. 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 (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. Equities research analysts expect that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. UBS Group set a $46.00 price objective on NMI in a research report on Friday, May 22nd. JPMorgan Chase & Co. reduced their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Barclays reduced their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note 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. Based on data from MarketBeat, NMI has an average rating of “Moderate Buy” and an average target price of $45.00.

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.