Panagora Asset Management Inc. Buys 25,639 Shares of NMI Holdings Inc $NMIH

Panagora Asset Management Inc. lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 596,249 shares of the financial services provider’s stock after purchasing an additional 25,639 shares during the period. Panagora Asset Management Inc.’s holdings in NMI were worth $24,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NMIH. Royal Bank of Canada raised its stake in shares of NMI by 20.4% during the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 19,857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NMI by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock valued at $1,683,000 after acquiring an additional 2,030 shares during the period. NewEdge Advisors LLC bought a new stake in NMI in the 1st quarter valued at $256,000. Ashton Thomas Private Wealth LLC bought a new stake in NMI in the 1st quarter valued at $203,000. Finally, Jane Street Group LLC raised its stake in NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after acquiring an additional 208,287 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of research analyst reports. UBS Group set a $46.00 price target on NMI in a research note on Friday, May 22nd. Royal Bank Of Canada initiated coverage on NMI in a research note on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price target on the stock. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. JPMorgan Chase & Co. dropped their price target on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Barclays dropped their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Insider Buying and Selling at NMI

In other news, 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 sale, the director directly owned 69,026 shares of the company’s stock, valued at approximately $2,616,085.40. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Bradley M. Shuster sold 18,953 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $37.35, for a total value of $707,894.55. Following the sale, the chairman directly owned 415,411 shares in the company, valued at approximately $15,515,600.85. This trade represents a 4.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 39,503 shares of company stock worth $1,470,593. 2.44% of the stock is currently owned by insiders.

NMI Stock Performance

Shares of NASDAQ NMIH opened at $37.24 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.63 and a quick ratio of 0.63. The stock’s fifty day moving average price is $38.11 and its two-hundred day moving average price is $38.69. NMI Holdings Inc has a one year low of $34.84 and a one year high of $43.20. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.28 and a beta of 0.56.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The company had revenue of $183.48 million for the quarter, compared to analyst estimates of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.NMI’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. On average, equities analysts forecast that NMI Holdings Inc will post 5.12 EPS for the current year.

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.