Sei Investments Co. Has $3.06 Million Position in NMI Holdings Inc $NMIH

Sei Investments Co. grew its stake in NMI Holdings Inc (NASDAQ:NMIH) by 46.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 81,673 shares of the financial services provider’s stock after buying an additional 26,059 shares during the period. Sei Investments Co.’s holdings in NMI were worth $3,064,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NMIH. Allworth Financial LP increased its position in 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 during the period. Maseco LLP acquired a new position in shares of NMI in the 4th quarter worth approximately $31,000. IFP Advisors Inc lifted its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 521 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after buying an additional 272 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the 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 owned 69,026 shares in the company, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Owen Smith sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares of the company’s stock, valued at $4,303,411.65. This trade represents a 11.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.44% of the company’s stock.

NMI Trading Up 1.3%

NASDAQ:NMIH opened at $44.63 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.20 and a beta of 0.54. The firm has a fifty day simple moving average of $40.40 and a two-hundred day simple moving average of $39.22. NMI Holdings Inc has a 12 month low of $34.84 and a 12 month high of $46.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. Analysts expect that NMI Holdings Inc will post 5.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of NMI from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price target on shares of NMI in a report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price objective on shares of NMI in a research report on Tuesday. Weiss Ratings raised NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.33.

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.