First Hawaiian Bank Sells 2,526 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

First Hawaiian Bank lessened its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 22.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,662 shares of the financial services provider’s stock after selling 2,526 shares during the quarter. First Hawaiian Bank’s holdings in NMI were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NMIH. Lazard Asset Management LLC increased its holdings in shares of NMI by 426.0% in the third quarter. Lazard Asset Management LLC now owns 52,255 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 42,321 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of NMI by 7.5% in the fourth quarter. Panagora Asset Management Inc. now owns 497,427 shares of the financial services provider’s stock worth $14,764,000 after acquiring an additional 34,620 shares in the last quarter. Norges Bank bought a new stake in shares of NMI in the fourth quarter worth about $20,006,000. Eagle Asset Management Inc. bought a new stake in shares of NMI in the fourth quarter worth about $5,045,000. Finally, Tudor Investment Corp Et Al increased its holdings in shares of NMI by 223.8% in the third quarter. Tudor Investment Corp Et Al now owns 205,640 shares of the financial services provider’s stock worth $5,571,000 after acquiring an additional 142,135 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

Shares of NASDAQ NMIH opened at $33.13 on Friday. The stock has a 50 day moving average price of $32.33 and a 200 day moving average price of $30.85. NMI Holdings, Inc. has a 52 week low of $24.53 and a 52 week high of $34.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $2.66 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.08.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.96 by $0.12. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm had revenue of $156.25 million during the quarter, compared to analysts’ expectations of $133.76 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that NMI Holdings, Inc. will post 4.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NMIH has been the subject of several recent analyst reports. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a report on Wednesday. Compass Point increased their price target on NMI from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Keefe, Bruyette & Woods upped their price objective on NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. UBS Group cut NMI from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Finally, Truist Financial upped their price objective on NMI from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.56.

NMI Company Profile

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.