Winmill & CO. Inc. Purchases Shares of 396,095 NMI Holdings Inc $NMIH

Winmill & CO. Inc. purchased a new position in NMI Holdings Inc (NASDAQ:NMIH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 396,095 shares of the financial services provider’s stock, valued at approximately $16,276,000. NMI comprises about 3.6% of Winmill & CO. Inc.’s portfolio, making the stock its 10th largest position.

Other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of NMI by 34.0% during the first quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 272 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 301 shares during the last quarter. Evolve Private Wealth LLC increased its holdings in NMI by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 302 shares during the period. GAMMA Investing LLC increased its holdings in NMI by 11.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,989 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 310 shares during the period. Finally, California State Teachers Retirement System increased its holdings in NMI by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Insider Buying and Selling

In other NMI news, EVP Aurora Swithenbank sold 11,662 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $44.51, for a total transaction of $519,075.62. Following the completion of the transaction, the executive vice president directly owned 50,734 shares in the company, valued at $2,258,170.34. The trade was a 18.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Owen Smith sold 12,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total value of $535,800.00. Following the sale, the executive vice president owned 96,381 shares of the company’s stock, valued at approximately $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.44% of the company’s stock.

NMI Price Performance

NMIH stock opened at $45.16 on Monday. NMI Holdings Inc has a fifty-two week low of $34.84 and a fifty-two week high of $46.74. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.54. The business’s 50 day moving average price is $42.18 and its two-hundred day moving average price is $39.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.65 and a current ratio of 0.65.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The firm had revenue of $187.89 million for the quarter, compared to analyst estimates of $156.26 million. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast that NMI Holdings Inc will post 5.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NMIH shares. JPMorgan Chase & Co. increased their price objective on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group set a $46.00 target price on NMI in a research note on Friday, May 22nd. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $53.00 price target on shares of NMI in a research note on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $47.00 price target on shares of NMI in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.33.

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.