NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 5.3% during the third quarter, HoldingsChannel.com reports. The fund owned 78,168 shares of the financial services provider’s stock after acquiring an additional 3,938 shares during the period. Assetmark Inc.’s holdings in NMI were worth $3,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in NMI by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 666 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of NMI by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 70,961 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 919 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NMI by 101.1% in the first quarter. SG Americas Securities LLC now owns 10,003 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 5,028 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of NMI in the first quarter valued at approximately $532,000. Finally, US Bancorp DE lifted its position in NMI by 12.0% during the first quarter. US Bancorp DE now owns 17,194 shares of the financial services provider’s stock worth $556,000 after buying an additional 1,845 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Up 1.4 %

Shares of NASDAQ NMIH opened at $38.53 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $40.14 and its two-hundred day moving average is $36.94. NMI Holdings, Inc. has a 52-week low of $27.00 and a 52-week high of $42.49. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.84 and a beta of 1.13.

Insider Activity at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the transaction, the insider now directly owns 153,689 shares in the company, valued at $6,158,318.23. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised their target price on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Truist Financial raised 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. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

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.