Assenagon Asset Management S.A. Trims Holdings in NMI Holdings Inc $NMIH

Assenagon Asset Management S.A. trimmed its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,750 shares of the financial services provider’s stock after selling 24,087 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NMI were worth $41,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Diversified Trust Co. grew its holdings in shares of NMI by 4.0% during the fourth quarter. Diversified Trust Co. now owns 36,705 shares of the financial services provider’s stock valued at $1,497,000 after buying an additional 1,421 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in NMI by 14.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,333 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 3,252 shares during the last quarter. CWA Asset Management Group LLC lifted its position in NMI by 5.2% in the 4th quarter. CWA Asset Management Group LLC now owns 47,658 shares of the financial services provider’s stock valued at $1,944,000 after acquiring an additional 2,368 shares in the last quarter. GAMMA Investing LLC lifted its position in NMI by 38.9% in the 4th quarter. GAMMA Investing LLC now owns 2,072 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 580 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in NMI by 62.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock valued at $14,141,000 after purchasing an additional 142,065 shares during the last quarter. Institutional investors own 94.12% of the company’s stock.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the completion of the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of NMI stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total transaction of $638,240.00. Following the transaction, the executive vice president owned 38,733 shares in the company, valued at $1,545,059.37. This represents a 29.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 189,412 shares of company stock worth $7,357,746 in the last quarter. Company insiders own 3.00% of the company’s stock.

NMI Stock Performance

Shares of NMIH opened at $37.22 on Thursday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 7.58, a PEG ratio of 1.02 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The business has a fifty day moving average of $38.70 and a 200 day moving average of $38.44.

NMI (NASDAQ:NMIH) last announced its earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $180.74 million for the quarter, compared to analysts’ expectations of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of research analyst reports. UBS Group set a $43.00 target price on NMI in a report on Monday, January 12th. JPMorgan Chase & Co. increased their price objective on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Barclays lifted their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and raised their price target for the company from $46.00 to $48.00 in a report on Thursday, December 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.