Edgestream Partners L.P. Raises Stock Position in NMI Holdings Inc $NMIH

Edgestream Partners L.P. increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 233,637 shares of the financial services provider’s stock after acquiring an additional 13,003 shares during the period. Edgestream Partners L.P. owned approximately 0.31% of NMI worth $8,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NMIH. Allworth Financial LP grew its position in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares in the last quarter. Maseco LLP purchased a new stake in shares of NMI in the fourth quarter worth $31,000. IFP Advisors Inc raised its position in shares of NMI by 189.5% in the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after buying an additional 521 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after buying an additional 620 shares during the period. Finally, Bessemer Group Inc. boosted its stake in NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after buying an additional 272 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. UBS Group set a $46.00 price target on NMI in a research report on Friday, May 22nd. Barclays dropped their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction that occurred on 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 directly owned 69,026 shares of the company’s stock, 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 at the SEC website. 2.44% of the stock is currently owned by insiders.

NMI Stock Performance

NASDAQ NMIH opened at $44.34 on Thursday. The company has a 50-day simple moving average of $39.37 and a two-hundred day simple moving average of $38.93. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $44.74. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 1.53 and a beta of 0.54. 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 released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm had revenue of $183.47 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter in the previous year, the business earned $1.28 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that NMI Holdings Inc will post 5.11 EPS for the current year.

About NMI

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.