Assenagon Asset Management S.A. Has $43.76 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Assenagon Asset Management S.A. lowered its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 38.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,382 shares of the financial services provider's stock after selling 752,046 shares during the quarter. Assenagon Asset Management S.A. owned 1.50% of NMI worth $43,758,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in NMI by 57.2% during the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. Tealwood Asset Management Inc. boosted its stake in NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider's stock valued at $1,183,000 after buying an additional 376 shares in the last quarter. Quarry LP grew its position in NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 493 shares during the period. Federated Hermes Inc. grew its position in NMI by 1.8% in the second quarter. Federated Hermes Inc. now owns 33,570 shares of the financial services provider's stock valued at $1,143,000 after acquiring an additional 593 shares during the period. Finally, Diversified Trust Co raised its stake in NMI by 2.9% during the third quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider's stock worth $1,177,000 after acquiring an additional 805 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Price Performance

Shares of NMIH traded up $0.24 during mid-day trading on Friday, hitting $37.72. 373,449 shares of the company traded hands, compared to its average volume of 474,050. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average of $37.65 and a 200 day moving average of $38.47. NMI Holdings, Inc. has a one year low of $28.73 and a one year high of $42.49. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.82 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NMIH. JPMorgan Chase & Co. reduced their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Royal Bank of Canada dropped their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods reduced their target price on NMI from $44.00 to $43.00 and set a "market perform" rating on the stock in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.00.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.