Point72 Asia Singapore Pte. Ltd. Has $135,000 Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Point72 Asia Singapore Pte. Ltd. reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 57.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,964 shares of the financial services provider’s stock after selling 5,252 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in NMI were worth $135,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NMIH. Hancock Whitney Corp raised its stake in NMI by 1.6% in the first quarter. Hancock Whitney Corp now owns 22,098 shares of the financial services provider’s stock valued at $715,000 after buying an additional 346 shares during the period. Quarry LP increased its holdings in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 493 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of NMI by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider’s stock worth $1,143,000 after acquiring an additional 593 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in NMI by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 666 shares during the period. Finally, Profund Advisors LLC lifted its holdings in NMI by 11.9% during the 2nd quarter. Profund Advisors LLC now owns 7,775 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 824 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NMI

In related news, 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 value of $120,210.00. Following the completion of the transaction, the insider now owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Embler sold 26,008 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

NMI Stock Down 0.0 %

Shares of NMIH opened at $41.02 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. NMI Holdings, Inc. has a 12 month low of $26.10 and a 12 month high of $42.49. The firm’s 50 day moving average is $39.65 and its 200-day moving average is $35.22. The stock has a market capitalization of $3.29 billion, a PE ratio of 10.15, a P/E/G ratio of 0.94 and a beta of 1.12.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The business had revenue of $162.12 million for the quarter, compared to the consensus estimate of $138.49 million. NMI had a return on equity of 18.29% and a net margin of 56.40%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. Equities research analysts forecast that NMI Holdings, Inc. will post 4.5 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on NMIH shares. JPMorgan Chase & Co. upped their price objective on shares of NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Barclays upped their price target on shares of NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Truist Financial raised their price objective on shares of NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

About NMI

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.