Renaissance Group LLC Has $7.14 Million Stake in NMI Holdings Inc $NMIH

Renaissance Group LLC increased its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,185 shares of the financial services provider’s stock after buying an additional 15,402 shares during the quarter. Renaissance Group LLC owned about 0.24% of NMI worth $7,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Walleye Capital LLC bought a new stake in NMI during the second quarter worth $13,245,000. Exchange Traded Concepts LLC acquired a new position in shares of NMI during the 3rd quarter worth $1,926,000. Capital Fund Management S.A. bought a new stake in shares of NMI during the 2nd quarter worth $1,298,000. Jump Financial LLC boosted its stake in NMI by 184.6% in the second quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after buying an additional 125,401 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in NMI by 219.9% in the third quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after buying an additional 59,682 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Trading Down 0.5%

NMIH opened at $41.05 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The company’s 50 day moving average price is $39.46 and its two-hundred day moving average price is $38.49. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.24 and a beta of 0.64.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The firm had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same quarter last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Activity at NMI

In other news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the sale, the director owned 46,046 shares of the company’s stock, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NMIH. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Barclays upped their price objective on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Company 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.