Panagora Asset Management Inc. Has $24.32 Million Stock Holdings in NMI Holdings Inc $NMIH

Panagora Asset Management Inc. lifted its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 596,249 shares of the financial services provider’s stock after purchasing an additional 25,639 shares during the quarter. Panagora Asset Management Inc. owned about 0.78% of NMI worth $24,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its position in shares of NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the period. Maseco LLP acquired a new position in shares of NMI in the 4th quarter valued at approximately $31,000. IFP Advisors Inc grew its position in shares of NMI by 189.5% in the 4th quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the period. Farther Finance Advisors LLC grew its position in shares of NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of NMI by 212.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,688 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,148 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction that occurred 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 owned 69,026 shares in the company, valued at $2,616,085.40. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Bradley M. Shuster sold 18,953 shares of the company’s stock in a transaction that occurred 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 owned 415,411 shares in the company, valued at approximately $15,515,600.85. This represents a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,503 shares of company stock worth $1,470,593 in the last 90 days. Company insiders own 2.44% of the company’s stock.

Analysts Set New Price Targets

NMIH has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. UBS Group set a $46.00 price objective on NMI in a research report on Friday, May 22nd. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price objective on NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada assumed coverage on NMI in a research report on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.80.

NMI Trading Up 0.5%

NASDAQ NMIH opened at $37.24 on Tuesday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.28 and a beta of 0.56. The stock’s 50 day moving average price is $38.11 and its two-hundred day moving average price is $38.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $183.48 million for the quarter, compared to analysts’ expectations of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. As a group, analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share 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.