CWA Asset Management Group LLC Makes New $820,000 Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

CWA Asset Management Group LLC bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,908 shares of the financial services provider's stock, valued at approximately $820,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of NMI by 5.3% during the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider's stock worth $231,818,000 after acquiring an additional 358,930 shares in the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 2.1% in the 2nd quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider's stock worth $83,457,000 after buying an additional 51,194 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after purchasing an additional 534,818 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of NMI by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 1,617,601 shares of the financial services provider's stock valued at $55,063,000 after purchasing an additional 251,664 shares in the last quarter. Finally, Millennium Management LLC boosted its position in NMI by 34.8% during the 2nd quarter. Millennium Management LLC now owns 1,020,415 shares of the financial services provider's stock valued at $34,735,000 after buying an additional 263,478 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

NMI Stock Up 2.7 %

Shares of NMI stock traded up $1.01 on Monday, reaching $38.11. 285,747 shares of the company were exchanged, compared to its average volume of 532,549. NMI Holdings, Inc. has a 1-year low of $27.00 and a 1-year high of $42.49. The company has a market cap of $3.04 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 0.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.67. The stock's 50 day moving average price is $40.20 and its 200-day moving average price is $36.89.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays raised their price objective on shares of NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Royal Bank of Canada dropped their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a report on Thursday. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Keefe, Bruyette & Woods boosted their price target on shares of NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a research report on Thursday, August 1st. Finally, Truist Financial upped their price target on shares of NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.29.

NMI Company Profile

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.