NMI Holdings Inc $NMIH Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stake

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 51.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,306 shares of the financial services provider’s stock after selling 14,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NMI were worth $497,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of NMI by 34.0% in the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 272 shares during the period. Rockefeller Capital Management L.P. increased its position in NMI by 35.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 301 shares during the period. GAMMA Investing LLC increased its position in NMI by 11.6% during the second quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 310 shares during the period. Pacer Advisors Inc. increased its position in NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 372 shares during the period. Finally, Inspire Investing LLC raised its stake in NMI by 2.6% during the 3rd quarter. Inspire Investing LLC now owns 16,862 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 425 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and set a $47.00 price target on the stock. in a research report on Monday, August 3rd. Barclays cut their price objective on shares of NMI from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $53.00 target price on shares of NMI in a research note on Tuesday, August 4th. Bank of America downgraded NMI from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $51.00 to $44.00 in a research report on Friday, October 30th. Finally, Truist Financial lifted their target price on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NMI has a consensus rating of “Moderate Buy” and an average price target of $47.75.

Insiders Place Their Bets

In other news, EVP Aurora Swithenbank sold 11,662 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total value of $519,075.62. Following the sale, the executive vice president owned 50,734 shares in the company, valued at approximately $2,258,170.34. The trade was a 18.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Pollitzer sold 172,706 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $44.85, for a total transaction of $7,745,864.10. Following the completion of the sale, the chief executive officer directly owned 270,267 shares in the company, valued at approximately $12,121,474.95. The trade was a 38.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.44% of the company’s stock.

NMI Price Performance

NASDAQ NMIH traded down $5.24 during trading on Friday, reaching $39.03. 1,948,240 shares of the company traded hands, compared to its average volume of 865,134. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50 day moving average price is $42.02 and its two-hundred day moving average price is $40.37. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.42 and a beta of 0.52. NMI Holdings Inc has a 1-year low of $35.12 and a 1-year high of $46.74.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, November 5th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $187.55 million during the quarter, compared to analyst estimates of $159.20 million. NMI had a return on equity of 15.13% and a net margin of 54.10%. During the same period in the previous year, the company posted $1.21 earnings per share. As a group, analysts anticipate that NMI Holdings Inc will post 5.26 EPS for the current year.

Trending Headlines about NMI

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Portfolio growth and stronger investment income provided some support, helping offset pressure from claims and expenses. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Neutral Sentiment: EPS was $1.23, slightly above the $1.21 reported a year earlier, though it fell short of analyst expectations. NMI Holdings Q3 Earnings and Revenues Lag Estimates
• Negative Sentiment: Quarterly earnings missed consensus as higher claims and costs weighed on results—an important concern for investors despite business growth. NMIH Q3 Earnings Miss Estimates on Higher Claims and Costs
• Negative Sentiment: Barclays cut its price target from $43 to $42 and maintained an “equal weight” rating, signaling limited conviction in near-term upside. Barclays stock recommendations

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is the parent company of National MI, a U.S.-based provider of private mortgage insurance. Through its insurance subsidiaries, the company helps lenders manage the risk associated with residential mortgage loans, particularly loans made to borrowers with down payments below traditional thresholds.

National MI primarily offers private mortgage insurance for residential purchase and refinance transactions. Its products are designed for mortgage lenders, banks, credit unions and other housing-finance institutions, helping them expand access to homeownership while transferring a portion of potential credit risk.