Allianz Asset Management GmbH Decreases Stake in NMI Holdings Inc $NMIH

Allianz Asset Management GmbH lowered its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 29.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,762 shares of the financial services provider’s stock after selling 191,396 shares during the period. Allianz Asset Management GmbH owned approximately 0.58% of NMI worth $17,206,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of NMI by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 264 shares in the last quarter. Arizona State Retirement System lifted its holdings in NMI by 1.2% during the 3rd quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 277 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 289 shares during the period. Harbor Capital Advisors Inc. grew its holdings in NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in NMI by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after buying an additional 328 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NMI

In related news, Director Michael J. Embler sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the sale, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

NMI Trading Down 0.5%

NASDAQ:NMIH opened at $41.05 on Friday. The company has a 50-day moving average price of $39.46 and a 200-day moving average price of $38.49. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.23 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a 12 month low of $31.90 and a 12 month high of $43.20.

Analyst Upgrades and Downgrades

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