Assenagon Asset Management S.A. Has $27.93 Million Position in NMI Holdings Inc $NMIH

Key Points

• Assenagon Asset Management reduced its NMI Holdings stake by 6.4% to 679,839 shares valued at $27.93 million. Institutional investors and hedge funds collectively own 94.12% of the company.
• NMI reported quarterly earnings of $1.38 per share, exceeding the $1.28 consensus estimate, while revenue reached $187.89 million, up 8.1% year over year and well above expectations.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $48.33, compared with the stock’s recent price near $44.63.

Assenagon Asset Management S.A. cut its position in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,839 shares of the financial services provider's stock after selling 46,716 shares during the quarter. Assenagon Asset Management S.A. owned 0.89% of NMI worth $27,935,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in NMI by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider's stock worth $163,237,000 after buying an additional 34,372 shares during the period. Van Berkom & Associates Inc. increased its position in NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider's stock valued at $82,234,000 after acquiring an additional 106,400 shares during the period. Geode Capital Management LLC increased its position in NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider's stock valued at $80,887,000 after acquiring an additional 5,274 shares during the period. Bank of America Corp DE raised its stake in shares of NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider's stock valued at $48,937,000 after acquiring an additional 241,724 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of NMI by 10.8% during the second quarter. Qube Research & Technologies Ltd now owns 758,481 shares of the financial services provider's stock worth $32,000,000 after purchasing an additional 73,695 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Robert Owen Smith sold 12,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares in the company, valued at $4,303,411.65. The trade was a 11.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.44% of the company's stock.

NMI Price Performance

Shares of NASDAQ NMIH opened at $44.63 on Monday. The company has a market capitalization of $3.36 billion, a PE ratio of 8.79, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI Holdings Inc has a twelve month low of $34.84 and a twelve month high of $46.74. The firm has a fifty day simple moving average of $40.40 and a 200 day simple moving average of $39.23.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. NMI had a return on equity of 15.13% and a net margin of 54.10%.The business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.22 EPS. On average, sell-side analysts forecast that NMI Holdings Inc will post 5.19 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on NMIH shares. UBS Group set a $46.00 price objective on shares of NMI in a research note on Friday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $53.00 target price on shares of NMI in a report on Tuesday, August 4th. Truist Financial increased their price target on NMI from $49.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $47.00 price target on shares of NMI in a research note on Monday, August 3rd. Finally, Weiss Ratings raised NMI from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, June 12th. Four 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 has a consensus rating of "Moderate Buy" and an average price target of $48.33.

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.

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