Donald Smith & CO. Inc. Has $48.08 Million Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Donald Smith & CO. Inc. boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 34.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,307,868 shares of the financial services provider’s stock after buying an additional 337,996 shares during the quarter. Donald Smith & CO. Inc. owned about 1.65% of NMI worth $48,077,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of NMI in the 4th quarter worth approximately $13,174,000. Raymond James Financial Inc. acquired a new position in shares of NMI during the fourth quarter worth approximately $13,136,000. Barclays PLC grew its stake in shares of NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider’s stock valued at $15,940,000 after purchasing an additional 280,809 shares during the last quarter. abrdn plc acquired a new stake in shares of NMI in the fourth quarter valued at approximately $8,122,000. Finally, JPMorgan Chase & Co. raised its position in NMI by 25.3% in the 4th quarter. JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider’s stock worth $35,726,000 after purchasing an additional 196,059 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on NMIH. JPMorgan Chase & Co. lowered their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. UBS Group lowered their price target on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Monday, February 24th. Finally, Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

NMI Stock Performance

NASDAQ NMIH opened at $36.98 on Thursday. The company has a market cap of $2.89 billion, a P/E ratio of 8.35, a PEG ratio of 1.41 and a beta of 0.62. The company has a fifty day simple moving average of $36.33 and a 200 day simple moving average of $37.88. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $29.05 and a 12-month high of $42.49.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Sell-side analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Insider Activity at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the transaction, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. The trade was a 2.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

NMI Company 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.