6 days Ago By Defense World Staff
Alliancebernstein L.P. raised its position in NMI Holdings, Inc.
(NASDAQ:NMIH – Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,364 shares of the financial services provider’s stock after purchasing an additional 4,768 shares during the quarter.
Alliancebernstein L.P. owned 0.
13% of NMI worth $3,653,000 at the end of the most recent reporting period. Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in NMI during the 4th quarter worth about $13,174,000.
Raymond James Financial Inc. bought a new stake in NMI during the fourth quarter worth about $13,136,000. Barclays PLC boosted its position in NMI by 264.
4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock valued at $15,940,000 after purchasing an additional 280,809 shares during the last quarter. abrdn plc bought a new position in NMI in the fourth quarter valued at approximately $8,122,000.
Finally, JPMorgan Chase & Co. increased its position in shares of NMI by 25.3% during the 4th quarter.
JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider’s stock worth $35,726,000 after purchasing an additional 196,059 shares during the last quarter. 94.
12% of the stock is currently owned by institutional investors. Insider Buying and SellingIn other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s 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 transaction, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.
60. This represents a 34.80 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.
44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.
92. The trade was a 2.15 % decrease in their position.
The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
NMI Stock PerformanceShares of NMIH stock opened at $34.35 on Tuesday. NMI Holdings, Inc.
has a 52 week low of $29.05 and a 52 week high of $42.49.
The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.
41 and a beta of 0.62. The company has a 50-day simple moving average of $35.
39 and a 200 day simple moving average of $37.37. The company has a debt-to-equity ratio of 0.
19, a quick ratio of 0.83 and a current ratio of 0.60.
NMI (NASDAQ:NMIH – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.
14 by ($0.07). NMI had a return on equity of 17.
33% and a net margin of 55.32%. On average, sell-side analysts predict that NMI Holdings, Inc.
will post 4.62 earnings per share for the current year. Wall Street Analyst Weigh InSeveral equities research analysts have recently commented on NMIH shares.
UBS Group cut their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th.
Barclays downgraded shares of NMI from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $41.00 in a research report on Monday, January 6th.
JPMorgan Chase & Co. lowered their price objective on shares of NMI from $42.00 to $41.
00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of NMI from $43.00 to $42.
00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.14.Read Our Latest Stock Analysis on NMIHNMI Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than NMIConference Calls and Individual InvestorsWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsTop 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldFind and Profitably Trade Stocks at 52-Week Lows3 Hot New IPOs Defying the 2025 Market SlumpWant to see what other hedge funds are holding NMIH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NMI Holdings, Inc. (NASDAQ:NMIH – Free Report)..
