Amundi boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Free Report) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,891 shares of the financial services provider’s stock after purchasing an additional 29,865 shares during the quarter. Amundi owned about 0.18% of NMI worth $4,991,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NMIH. Jane Street Group LLC grew its stake in NMI by 64.2% in the 3rd quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock valued at $5,733,000 after buying an additional 54,391 shares during the last quarter. Algert Global LLC grew its position in shares of NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after purchasing an additional 66,880 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after purchasing an additional 24,838 shares during the period. Citigroup Inc. lifted its position in shares of NMI by 95.4% during the 3rd quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after purchasing an additional 63,058 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after purchasing an additional 39,012 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.
Insider Buying and Selling at NMI
In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction on Friday, February 21st. The shares were sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on NMI
NMI Stock Up 2.1 %
Shares of NMIH opened at $35.40 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average price of $36.46 and a two-hundred day moving average price of $38.30. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.41 and a beta of 1.02. NMI Holdings, Inc. has a 12 month low of $29.05 and a 12 month high of $42.49.
NMI (NASDAQ:NMIH – Get Free Report) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than NMI
- What is a Stock Market Index and How Do You Use Them?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What is the Shanghai Stock Exchange Composite Index?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What Are Dividend Challengers?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding NMIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NMI Holdings, Inc. (NASDAQ:NMIH – Free Report).
Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.