72,245 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 72,245 shares of the financial services provider’s stock, valued at approximately $2,656,000. Susquehanna Fundamental Investments LLC owned 0.09% of NMI at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after buying an additional 24,838 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NMI by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock valued at $39,533,000 after acquiring an additional 11,347 shares in the last quarter. Assetmark Inc. boosted its position in shares of NMI by 12.6% during the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock valued at $3,235,000 after acquiring an additional 9,842 shares during the last quarter. Barclays PLC boosted its position in shares of NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock valued at $15,940,000 after acquiring an additional 280,809 shares during the last quarter. Finally, abrdn plc purchased a new position in shares of NMI during the fourth quarter worth about $8,122,000. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction on Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NMIH. Keefe, Bruyette & Woods lowered their target price on shares of NMI from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their target price on shares of NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays cut NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $42.14.

NMI Trading Up 0.5 %

Shares of NMIH stock opened at $33.64 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The business has a 50-day moving average of $34.86 and a 200 day moving average of $36.83. The stock has a market capitalization of $2.63 billion, a PE ratio of 7.59, a P/E/G ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 1-year low of $30.35 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million for the quarter, compared to analysts’ expectations of $169.04 million. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.