Y Intercept Hong Kong Ltd Purchases 19,704 Shares of NMI Holdings Inc $NMIH

Y Intercept Hong Kong Ltd increased its position in NMI Holdings Inc (NASDAQ:NMIH) by 74.3% in the first quarter, HoldingsChannel reports. The firm owned 46,208 shares of the financial services provider’s stock after purchasing an additional 19,704 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NMI were worth $1,733,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NMIH. Allworth Financial LP grew its stake in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares during the period. Maseco LLP bought a new position in NMI in the fourth quarter worth $31,000. IFP Advisors Inc lifted its position in NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after buying an additional 521 shares during the period. Farther Finance Advisors LLC lifted its position 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, Rockefeller Capital Management L.P. boosted its holdings in shares of NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after buying an additional 301 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

NMI Stock Up 0.1%

Shares of NASDAQ:NMIH opened at $41.03 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $38.21 and a two-hundred day simple moving average of $38.80. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month high of $42.28. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.42 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 analysts’ consensus estimates 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 analysts’ expectations of $153.99 million. During the same period in the prior year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NMIH. Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. JPMorgan Chase & Co. lowered their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Finally, UBS Group set a $46.00 target price on shares of NMI in a research note on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Insider Activity

In related news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the transaction, 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 SEC, which is available at this hyperlink. 2.44% of the stock is currently owned by corporate insiders.

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.