NMI Holdings Inc $NMIH Stake Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 27.9% in the first quarter, HoldingsChannel reports. The fund owned 726,555 shares of the financial services provider’s stock after selling 281,195 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NMI were worth $27,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP lifted its position in shares of NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares in the last quarter. Maseco LLP purchased a new position in NMI during the fourth quarter valued at approximately $31,000. 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 valued at $32,000 after buying an additional 521 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 620 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after buying an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Trading Up 2.7%

Shares of NMIH stock opened at $40.62 on Friday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.55. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $43.20. The firm’s fifty day simple moving average is $38.09 and its 200 day simple moving average is $38.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. During the same period in the prior year, the firm earned $1.28 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that NMI Holdings Inc will post 5.12 EPS for the current year.

Insider Activity

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the transaction, the director owned 69,026 shares in the company, valued at $2,616,085.40. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank Of Canada assumed coverage on shares of NMI in a research note on Friday, May 22nd. They set an “outperform” rating and a $46.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays decreased their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. JPMorgan Chase & Co. cut their target price on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group set a $46.00 price target on NMI in a research report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, NMI currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.