Thrivent Financial for Lutherans Acquires 8,706 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Thrivent Financial for Lutherans lifted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 374,736 shares of the financial services provider’s stock after purchasing an additional 8,706 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NMI were worth $12,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NMIH. Norges Bank bought a new position in shares of NMI during the 4th quarter worth approximately $20,006,000. TFO Wealth Partners LLC lifted its holdings in NMI by 24,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,230 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,225 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in NMI during the 4th quarter worth approximately $405,000. Eagle Asset Management Inc. acquired a new stake in NMI during the 4th quarter worth approximately $5,045,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in NMI by 34.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 22,205 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 5,709 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insider Transactions at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the sale, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael J. Embler sold 26,008 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the sale, the director now owns 61,607 shares in the company, valued at approximately $2,424,235.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now owns 153,689 shares in the company, valued at approximately $6,158,318.23. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NMIH. Royal Bank of Canada raised NMI from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. Truist Financial lifted their price objective on NMI from $37.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. lifted their price objective on NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price objective on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

NMI Price Performance

NMI stock opened at $40.92 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. NMI Holdings, Inc. has a 52 week low of $25.62 and a 52 week high of $42.49. The stock has a market capitalization of $3.26 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.94 and a beta of 1.12. The stock has a fifty day moving average of $39.28 and a 200-day moving average of $34.80.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The company had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $138.49 million. During the same quarter in the previous year, the firm earned $0.95 EPS. NMI’s revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts expect that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

NMI Profile

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.