Assenagon Asset Management S.A. Sells 24,087 Shares of NMI Holdings Inc $NMIH

Assenagon Asset Management S.A. trimmed its position 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 firm owned 1,007,750 shares of the financial services provider’s stock after selling 24,087 shares during the period. Assenagon Asset Management S.A. owned 1.31% of NMI worth $41,106,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in NMI by 95.3% in the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after buying an additional 495,144 shares in the last quarter. Walleye Capital LLC purchased a new position in NMI in the 2nd quarter worth $13,245,000. BNP Paribas Financial Markets raised its position in NMI by 184.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after purchasing an additional 277,065 shares during the period. Ameriprise Financial Inc. grew its stake in shares of NMI by 85.7% during the third quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock valued at $23,009,000 after buying an additional 276,897 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of NMI by 690.4% in the second quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock worth $10,294,000 after buying an additional 213,120 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

NMI Price Performance

NMIH opened at $37.22 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $2.83 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63. The stock’s 50 day moving average price is $38.70 and its 200-day moving average price is $38.44. NMI Holdings Inc has a 52-week low of $31.90 and a 52-week high of $43.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. NMI had a return on equity of 15.78% and a net margin of 55.05%.The company had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Activity

In other NMI news, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president directly owned 38,733 shares in the company, valued at $1,545,059.37. This trade represents a 29.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total value of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares in the company, valued at approximately $1,295,853.30. The trade was a 40.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 189,412 shares of company stock valued at $7,357,746. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. 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 note on Monday, January 12th. UBS Group set a $43.00 target price on shares of NMI in a report on Monday, January 12th. Barclays lifted their target price on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

About NMI

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.