BlackRock Updates NMI Holdings Stake in SC 13G/A Filing
Ticker: NMIH · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, equity-stake
TL;DR
**BlackRock just updated its passive stake in NMI Holdings, showing continued institutional interest.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of NMI Holdings Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 9, updates BlackRock's passive investment stake in NMI Holdings. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in NMI Holdings, which can be a positive signal for other investors, indicating a large institutional investor sees value in the company.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't warrant immediate action. It's a data point for long-term holders.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- NMI Holdings, Inc. (company) — the subject company whose securities are being reported
- Class A Common Stock (security) — the type of securities held by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in NMI Holdings Inc. throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, specifically Amendment No. 9. It signifies an amendment to a Schedule 13G, which is used by passive investors (owning less than 20% of a company's stock) to report their beneficial ownership in a public company, as stated in the 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9)' section.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as explicitly stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose shares are being reported?
The subject company is NMI Holdings Inc., as indicated by '(Name of Issuer) NMI HOLDINGS INC' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of NMI Holdings Inc. is 629209305, as listed under '(CUSIP Number) 629209305' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023, as stated in the filing under 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
From the Filing
EDGAR Filing Documents for 0001086364-24-000820 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-000820 Filing Date 2024-01-22 Accepted 2024-01-22 14:03:10 Documents 1 Document Format Files Seq Description Document Type Size 1 us6292093050_012224.txt SC 13G/A 11675 Complete submission text file 0001086364-24-000820.txt 13463 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608 Business Address 2100 POWELL STREET, 12TH FLOOR EMERYVILLE CA 94608 (855) 530-6642 NMI Holdings, Inc. (Subject) CIK : 0001547903 (see all company filings) EIN. : 454914248 | State of Incorp.: CA | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-87709 | Film No.: 24548177 SIC : 6351 Surety Insurance (CF Office: 02 Finance)