Polaris Capital Management LLC Invests $832,000 in NMI Holdings Inc $NMIH

Polaris Capital Management LLC purchased a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,400 shares of the financial services provider’s stock, valued at approximately $832,000.

A number of other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of NMI by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock worth $164,437,000 after purchasing an additional 31,570 shares in the last quarter. American Century Companies Inc. increased its position in shares of NMI by 5.8% during the third quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after purchasing an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of NMI by 0.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock worth $73,215,000 after purchasing an additional 7,973 shares in the last quarter. Barclays PLC increased its position in shares of NMI by 3.6% during the third quarter. Barclays PLC now owns 1,104,880 shares of the financial services provider’s stock worth $42,361,000 after purchasing an additional 38,021 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of NMI by 95.3% during the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after purchasing an additional 495,144 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group set a $43.00 target price on NMI in a research report on Monday, January 12th. Barclays cut their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. JPMorgan Chase & Co. cut their target price on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Keefe, Bruyette & Woods upped their target price on NMI from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and a consensus target price of $43.20.

NMI Price Performance

NASDAQ NMIH opened at $41.11 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s fifty day moving average price is $38.55 and its 200 day moving average price is $38.44. NMI Holdings Inc has a 1 year low of $33.11 and a 1 year high of $43.20. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 1.19 and a beta of 0.64.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period last year, the firm earned $1.07 EPS. As a group, equities research analysts forecast that NMI Holdings Inc will post 5.12 earnings per share for the current year.

Insiders Place Their Bets

In other NMI news, EVP Norman Peter Fitzgerald sold 22,500 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares of the company’s stock, valued at approximately $1,295,853.30. This trade represents a 40.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the sale, the executive vice president directly owned 38,733 shares in the company, valued at $1,545,059.37. This represents a 29.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 189,412 shares of company stock valued at $7,357,746. Company insiders own 2.44% of the company’s stock.

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.