Y Intercept Hong Kong Ltd Buys 19,704 Shares of NMI Holdings Inc $NMIH

Y Intercept Hong Kong Ltd lifted its stake in NMI Holdings Inc (NASDAQ:NMIH) by 74.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,208 shares of the financial services provider’s stock after buying an additional 19,704 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.06% of NMI worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP grew 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 worth $25,000 after acquiring an additional 437 shares during the last quarter. Maseco LLP bought a new stake in NMI in the fourth quarter valued at approximately $31,000. IFP Advisors Inc boosted its stake in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $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% during the fourth 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 period. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of NMI by 35.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 301 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the completion of the transaction, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Barclays dropped their price target on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. UBS Group set a $46.00 price objective on shares of NMI in a research report on Friday, May 22nd. Royal Bank Of Canada assumed coverage on shares of NMI in a research note on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.00.

NMI Price Performance

NMIH opened at $41.03 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $42.28. The stock has a market capitalization of $3.12 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.42 and a beta of 0.54. The stock’s 50 day moving average price is $38.21 and its 200-day moving average price is $38.80.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, equities research analysts predict that NMI Holdings Inc will post 5.12 EPS for the current year.

About NMI

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.