Cwm LLC Grows Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Cwm LLC grew its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 32.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,936 shares of the financial services provider’s stock after purchasing an additional 962 shares during the quarter. Cwm LLC’s holdings in NMI were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 265 shares during the period. Hancock Whitney Corp raised its position in shares of NMI by 1.6% in the first quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 346 shares during the period. Quarry LP lifted its stake in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after buying an additional 493 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of NMI by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock valued at $1,143,000 after buying an additional 593 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in NMI by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after buying an additional 666 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Price Performance

NMIH stock opened at $39.49 on Thursday. The firm has a 50 day simple moving average of $40.46 and a two-hundred day simple moving average of $36.17. The stock has a market cap of $3.17 billion, a PE ratio of 9.77, a P/E/G ratio of 0.93 and a beta of 1.12. NMI Holdings, Inc. has a one year low of $26.41 and a one year high of $42.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The company had revenue of $162.12 million during the quarter, compared to analyst estimates of $138.49 million. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

Insider Activity

In other NMI news, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total value of $1,023,414.80. Following the completion of the sale, the director now owns 61,607 shares of the company’s stock, valued at $2,424,235.45. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the transaction, the director now owns 61,607 shares in the company, valued at $2,424,235.45. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NMIH. Barclays increased their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised NMI from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Keefe, Bruyette & Woods lifted their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Truist Financial boosted their price objective on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.43.

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.