Federated Hermes Inc. Purchases 593 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Federated Hermes Inc. increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 33,570 shares of the financial services provider’s stock after purchasing an additional 593 shares during the quarter. Federated Hermes Inc.’s holdings in NMI were worth $1,143,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NMIH. Opal Wealth Advisors LLC purchased a new position in shares of NMI during the second quarter valued at approximately $29,000. Fidelis Capital Partners LLC purchased a new position in NMI during the 1st quarter valued at $31,000. TFO Wealth Partners LLC grew its position in NMI by 24,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 1,225 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in NMI in the second quarter worth $63,000. Finally, CWM LLC lifted its position in shares of NMI by 92.7% during the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,431 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NMIH has been the topic of several recent analyst reports. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $48.00 in a research note on Wednesday. StockNews.com lowered shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Truist Financial increased 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. JPMorgan Chase & Co. lifted their target price on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods upped their target price on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

NMI Stock Down 1.6 %

Shares of NASDAQ NMIH opened at $40.84 on Friday. NMI Holdings, Inc. has a 12-month low of $25.62 and a 12-month high of $42.49. The stock’s fifty day simple moving average is $39.05 and its two-hundred day simple moving average is $34.55. The stock has a market capitalization of $3.28 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.15. The company had revenue of $162.12 million for 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 firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. As a group, analysts expect that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

Insider Transactions at NMI

In related news, Director Michael J. Embler sold 26,008 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael J. Embler sold 26,008 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the transaction, the director now directly owns 61,607 shares of the company’s stock, valued at $2,424,235.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares of the company’s stock, 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 Company 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.