TD Asset Management Inc Has $3.21 Million Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

TD Asset Management Inc boosted its holdings in NMI Holdings, Inc. (NASDAQ:NMIH) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,200 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. TD Asset Management Inc’s holdings in NMI were worth $3,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC grew its stake in shares of NMI by 4.8% during the second quarter. Natixis Advisors LLC now owns 33,600 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 1,527 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of NMI during the 2nd quarter valued at $63,000. F M Investments LLC acquired a new stake in shares of NMI during the 2nd quarter valued at $12,447,000. Panagora Asset Management Inc. grew its position in NMI by 5.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 526,287 shares of the financial services provider’s stock worth $17,915,000 after acquiring an additional 29,040 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in NMI by 94.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 15,361 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 7,473 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Royal Bank of Canada raised their target price on NMI from $34.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. UBS Group lowered NMI from a “buy” rating to a “neutral” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Wednesday, May 22nd. Barclays increased their price target on NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Truist Financial lifted their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.00.

NMI Stock Up 1.0 %

NMI stock opened at $39.73 on Friday. NMI Holdings, Inc. has a fifty-two week low of $25.62 and a fifty-two week high of $42.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s 50-day simple moving average is $38.14 and its 200 day simple moving average is $33.99. The stock has a market cap of $3.19 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12.

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

Insider Buying and Selling

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

About NMI

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.