Inceptionr LLC Sells 11,825 Shares of NMI Holdings Inc $NMIH

Inceptionr LLC reduced its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 53.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,458 shares of the financial services provider’s stock after selling 11,825 shares during the period. Inceptionr LLC’s holdings in NMI were worth $392,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NMIH. Royal Bank of Canada raised its stake in NMI by 20.4% during the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after acquiring an additional 19,857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NMI by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 2,030 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of NMI in the first quarter worth approximately $256,000. Ashton Thomas Private Wealth LLC bought a new position in shares of NMI in the first quarter worth approximately $203,000. Finally, Jane Street Group LLC increased its stake in shares of NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after purchasing an additional 208,287 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NMIH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. UBS Group set a $46.00 target price on shares of NMI in a report on Friday, May 22nd. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Finally, Barclays lowered their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

NMI Stock Performance

NMIH stock opened at $42.75 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $43.35. The business has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $38.85. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.48 and a beta of 0.54.

NMI (NASDAQ:NMIH) last released its earnings results 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 net margin of 53.82% and a return on equity of 15.18%. 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 firm earned $1.28 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that NMI Holdings Inc will post 5.11 EPS for the current fiscal year.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following 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 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.