Hsbc Holdings PLC Sells 15,831 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Hsbc Holdings PLC cut its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,178 shares of the financial services provider’s stock after selling 15,831 shares during the period. Hsbc Holdings PLC’s holdings in NMI were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hancock Whitney Corp lifted 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. Federated Hermes Inc. boosted its stake in NMI by 1.8% during the second 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in NMI by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 666 shares during the period. Opal Wealth Advisors LLC bought a new stake in NMI in the second quarter valued at $29,000. Finally, Ellis Investment Partners LLC raised its holdings in shares of NMI by 0.9% during the second quarter. Ellis Investment Partners LLC now owns 92,727 shares of the financial services provider’s stock valued at $3,156,000 after purchasing an additional 871 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays raised their target price on NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Truist Financial increased their target price on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada upgraded shares of NMI from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, NMI currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now directly owns 153,689 shares in the company, valued at approximately $6,158,318.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NMI news, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total value of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $6,158,318.23. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

NMI Stock Performance

NASDAQ NMIH opened at $41.03 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day moving average price of $39.42 and a 200-day moving average price of $34.94. NMI Holdings, Inc. has a 1 year low of $25.62 and a 1 year high of $42.49. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.94 and a beta of 1.12.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. The firm had revenue of $162.12 million during the quarter, compared to analyst estimates of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. As a group, equities research analysts predict that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

NMI Profile

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.