23,129 Shares of NMI Holdings Inc $NMIH Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new position in NMI Holdings Inc (NASDAQ:NMIH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,129 shares of the financial services provider’s stock, valued at approximately $863,000.

Several other institutional investors have also added to or reduced their stakes in NMIH. Nykredit A S purchased a new position in shares of NMI during the second quarter valued at approximately $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of NMI in the second quarter worth approximately $36,000. Pacer Advisors Inc. raised its holdings in shares of NMI by 58.7% in the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares during the period. Bessemer Group Inc. lifted its stake in shares of NMI by 34.0% during the 1st quarter. Bessemer Group Inc. now owns 1,071 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 272 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Activity

In other news, EVP Robert Smith sold 12,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Adam Pollitzer sold 172,706 shares of NMI stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $44.85, for a total value of $7,745,864.10. Following the completion of the sale, the chief executive officer owned 270,267 shares of the company’s stock, valued at $12,121,474.95. The trade was a 38.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 196,368 shares of company stock worth $8,800,740. Company insiders own 2.44% of the company’s stock.

NMI Stock Up 1.0%

Shares of NASDAQ:NMIH opened at $40.10 on Friday. The business’s 50 day moving average is $42.96 and its 200 day moving average is $40.69. The stock has a market cap of $3.02 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 1.07 and a beta of 0.56. NMI Holdings Inc has a 52-week low of $34.84 and a 52-week high of $46.74. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. NMI had a return on equity of 15.13% and a net margin of 54.10%. The business had revenue of $187.89 million during the quarter, compared to analyst estimates of $156.26 million. During the same period in the previous year, the company posted $1.22 EPS. NMI’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that NMI Holdings Inc will post 5.24 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on NMIH. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Wednesday, September 9th. Truist Financial boosted their target price on shares of NMI from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. cut their price target on shares of NMI from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday. BTIG Research assumed coverage on shares of NMI in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $54.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NMI has an average rating of “Moderate Buy” and a consensus price target of $48.43.

NMI Company Profile

NMI Holdings, Inc (NASDAQ:NMIH) is a holding company whose principal operating subsidiary, National MI, provides private mortgage insurance in the United States. Mortgage insurance helps protect lenders and investors against losses when borrowers default on residential mortgage loans, enabling qualified borrowers to purchase homes with down payments below traditional requirements.

National MI primarily offers mortgage insurance for residential first-lien mortgages, including borrower-paid and lender-paid coverage.