Thrivent Financial for Lutherans Decreases Holdings in NMI Holdings Inc $NMIH

Thrivent Financial for Lutherans decreased its stake in NMI Holdings Inc (NASDAQ:NMIH) by 20.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,684 shares of the financial services provider’s stock after selling 39,176 shares during the period. Thrivent Financial for Lutherans’ holdings in NMI were worth $5,778,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System increased its stake in shares of 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 during the last quarter. AlphaQuest LLC grew its holdings in NMI by 188.3% during the third quarter. AlphaQuest LLC now owns 93,577 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 61,116 shares during the period. Summit Global Investments increased its position in NMI by 10.1% in the third quarter. Summit Global Investments now owns 31,190 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 2,857 shares during the last quarter. New York State Common Retirement Fund increased its position in NMI by 4.2% in the third quarter. New York State Common Retirement Fund now owns 77,313 shares of the financial services provider’s stock worth $2,964,000 after buying an additional 3,100 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of NMI by 1.4% in the third quarter. Federated Hermes Inc. now owns 35,265 shares of the financial services provider’s stock valued at $1,352,000 after buying an additional 500 shares during the period. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays increased their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. UBS Group set a $43.00 target price on shares of NMI in a research report on Monday, January 12th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Insider Transactions at NMI

In other NMI news, Director Michael J. Embler sold 20,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the director directly owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This trade represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

NMI Trading Down 0.5%

Shares of NMIH opened at $41.05 on Friday. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The stock has a market cap of $3.16 billion, a PE ratio of 8.59, a P/E/G ratio of 1.24 and a beta of 0.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $39.46 and its 200-day moving average price is $38.49.

NMI (NASDAQ:NMIH) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting analysts’ consensus estimates of $1.21. The company had revenue of $171.56 million during the quarter, compared to analyst estimates of $177.01 million. NMI had a net margin of 55.02% and a return on equity of 16.08%. NMI’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.15 earnings per share. On average, equities analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

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.