Allianz Asset Management GmbH Sells 191,396 Shares of NMI Holdings Inc $NMIH

Allianz Asset Management GmbH reduced its position in NMI Holdings Inc (NASDAQ:NMIH) by 29.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,762 shares of the financial services provider’s stock after selling 191,396 shares during the period. Allianz Asset Management GmbH’s holdings in NMI were worth $17,206,000 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. Harbor Capital Advisors Inc. increased its position in NMI by 51.5% in the third quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of NMI in the 2nd quarter worth $36,000. Elevation Point Wealth Partners LLC purchased a new position in shares of NMI in the 2nd quarter worth $49,000. Financial Consulate Inc. bought a new stake in shares of NMI in the 3rd quarter worth about $55,000. Finally, Nisa Investment Advisors LLC raised its position in shares of NMI by 22.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Insider Transactions at NMI

In related news, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the director owned 46,046 shares in the company, valued at $1,699,097.40. The trade was a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Barclays boosted their price objective on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

NMI Stock Performance

Shares of NMI stock opened at $41.05 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $39.46 and its 200-day moving average price is $38.49. The firm has a market cap of $3.16 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.23 and a beta of 0.64. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20.

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.