River Road Asset Management LLC Reduces Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

River Road Asset Management LLC lowered its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 88.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 175,686 shares of the financial services provider’s stock after selling 1,391,147 shares during the quarter. River Road Asset Management LLC’s holdings in NMI were worth $7,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NMIH. Capital International Investors bought a new position in shares of NMI in the first quarter worth about $32,270,000. Donald Smith & CO. Inc. bought a new stake in NMI in the 2nd quarter worth approximately $29,708,000. Goldentree Asset Management LP bought a new stake in NMI in the 1st quarter worth approximately $22,600,000. Assenagon Asset Management S.A. increased its stake in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock worth $80,009,000 after acquiring an additional 534,818 shares during the last quarter. Finally, F M Investments LLC purchased a new position in shares of NMI in the 2nd quarter worth approximately $12,447,000. Institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted their target price on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upgraded NMI from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Keefe, Bruyette & Woods upped their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and an average price target of $43.43.

NMI Stock Up 1.6 %

NMI stock opened at $37.56 on Wednesday. NMI Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $2.99 billion, a PE ratio of 8.90, a PEG ratio of 0.84 and a beta of 1.13. The business’s 50-day simple moving average is $40.36 and its two-hundred day simple moving average is $36.74.

Insider Transactions at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction dated 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 $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

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.