Pinnacle Holdings LLC Makes New $2.58 Million Investment in NMI Holdings Inc $NMIH

Pinnacle Holdings LLC acquired a new position in NMI Holdings Inc (NASDAQ:NMIH) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,842 shares of the financial services provider’s stock, valued at approximately $2,582,000. Pinnacle Holdings LLC owned approximately 0.08% of NMI at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NMIH. Allworth Financial LP lifted its stake in shares of NMI by 196.0% during the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after buying an additional 437 shares in the last quarter. IFP Advisors Inc increased its stake in NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock worth $32,000 after buying an additional 521 shares in the last quarter. Pacer Advisors Inc. raised its holdings in NMI by 58.7% during the first quarter. Pacer Advisors Inc. now owns 1,006 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the period. Bessemer Group Inc. raised its holdings in 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 period. Finally, Farther Finance Advisors LLC raised its holdings in NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 620 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NMI

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of NMI stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the transaction, the executive vice president directly owned 96,381 shares of the company’s stock, valued at $4,303,411.65. This trade represents a 11.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Aurora Swithenbank sold 11,662 shares of NMI stock in a transaction on Tuesday, August 11th. The stock was 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 of the company’s stock, valued at $2,258,170.34. The trade was a 18.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group set a $46.00 price target on NMI in a report on Friday, May 22nd. Truist Financial boosted their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $47.00 price objective on shares of NMI in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.33.

NMI Stock Performance

Shares of NMI stock opened at $45.16 on Monday. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month 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. The business has a 50-day moving average price of $42.18 and a 200-day moving average price of $39.71. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 1.22 and a beta of 0.54.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS 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 company had revenue of $187.89 million during the quarter, compared to analyst estimates of $156.26 million. During the same period in the prior year, the company earned $1.22 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that NMI Holdings Inc will post 5.25 EPS for the current fiscal year.

NMI 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.