Federated Hermes Inc. Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Federated Hermes Inc. increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,570 shares of the financial services provider’s stock after purchasing an additional 593 shares during the quarter. Federated Hermes Inc.’s holdings in NMI were worth $1,143,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the 2nd quarter valued at about $29,000. Fidelis Capital Partners LLC purchased a new stake in NMI during the first quarter valued at approximately $31,000. TFO Wealth Partners LLC raised its position in NMI by 24,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,225 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of NMI during the 2nd quarter worth $63,000. Finally, CWM LLC grew its position in shares of NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,431 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

NMIH has been the topic of a number of recent research reports. Royal Bank of Canada raised NMI from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $40.00 to $48.00 in a report on Wednesday. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their target price on shares of NMI from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Barclays upped their price target on shares of NMI from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Truist Financial raised their price objective on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $40.84 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.89 and a beta of 1.12. The firm has a fifty day moving average price of $39.05 and a 200 day moving average price of $34.55. NMI Holdings, Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $162.12 million during the quarter, compared to analyst estimates of $138.49 million. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. As a group, sell-side analysts expect that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the completion of the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NMI news, Director Michael J. Embler sold 26,008 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the transaction, the director now owns 61,607 shares in the company, valued at $2,424,235.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

NMI 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.