Thrivent Financial for Lutherans Sells 39,176 Shares of NMI Holdings Inc $NMIH

Thrivent Financial for Lutherans reduced its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 150,684 shares of the financial services provider’s stock after selling 39,176 shares during the quarter. Thrivent Financial for Lutherans owned about 0.19% of NMI worth $5,778,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NMIH. Walleye Capital LLC acquired a new position in shares of NMI during the second quarter worth approximately $13,245,000. Allianz Asset Management GmbH grew its position in NMI by 76.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock valued at $27,008,000 after purchasing an additional 277,318 shares during the period. BNP Paribas Financial Markets increased its stake in NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after purchasing an additional 277,065 shares in the last quarter. Cerity Partners LLC raised its holdings in NMI by 690.4% during the second quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock worth $10,294,000 after buying an additional 213,120 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after buying an additional 208,287 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

NMI stock opened at $41.05 on Friday. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The company’s 50 day moving average price is $39.46 and its two-hundred day moving average price is $38.49. The stock has a market cap of $3.16 billion, a P/E 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.

NMI (NASDAQ:NMIH) last released its earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 return on equity of 16.08% and a net margin of 55.02%.NMI’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. On average, equities analysts predict that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NMIH shares. JPMorgan Chase & Co. boosted their target price on shares of NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. UBS Group set a $43.00 target price on NMI in a report on Monday, January 12th. Finally, Barclays upped their price target on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insiders Place Their Bets

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

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.