Assenagon Asset Management S.A. Buys 534,818 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Assenagon Asset Management S.A. lifted its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 38.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,942,428 shares of the financial services provider's stock after acquiring an additional 534,818 shares during the period. Assenagon Asset Management S.A. owned 2.42% of NMI worth $80,009,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NMIH. GAMMA Investing LLC lifted its holdings in NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after purchasing an additional 265 shares during the period. Opal Wealth Advisors LLC bought a new position in NMI during the 2nd quarter valued at $29,000. Quarry LP increased its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 493 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of NMI in the 1st quarter worth $31,000. Finally, USA Financial Formulas acquired a new stake in shares of NMI in the third quarter valued at $57,000. 94.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods upped their target price on NMI from $37.00 to $40.00 and gave the company a "market perform" rating in a report on Thursday, August 1st. Truist Financial lifted their target price on shares of NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. StockNews.com lowered shares of NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Finally, Barclays boosted their target price 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and an average price target of $43.43.

Insider Activity

In other news, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now directly owns 61,607 shares in the company, valued at approximately $2,424,235.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael J. Embler sold 26,008 shares of NMI stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the completion of the transaction, the director now owns 61,607 shares in the company, valued at approximately $2,424,235.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the transaction, the insider now directly owns 153,689 shares of the company's stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

NMI Stock Down 0.3 %

Shares of NASDAQ NMIH traded down $0.12 during trading hours on Thursday, hitting $39.37. The stock had a trading volume of 305,356 shares, compared to its average volume of 532,801. The company has a market capitalization of $3.16 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.93 and a beta of 1.12. The firm's 50-day moving average price is $40.49 and its two-hundred day moving average price is $36.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. NMI Holdings, Inc. has a 52 week low of $26.41 and a 52 week high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.15. The company had revenue of $162.12 million during the quarter, compared to analysts' expectations of $138.49 million. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 earnings per share. Analysts anticipate that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.

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.