Amundi Buys 29,865 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Amundi boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) 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

Several research analysts have commented on the company. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Monday, February 24th. Finally, UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and an average target price of $42.29.

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) 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.