Norges Bank Makes New $13.17 Million Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Norges Bank purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 358,382 shares of the financial services provider's stock, valued at approximately $13,174,000. Norges Bank owned about 0.45% of NMI at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its holdings in NMI by 42.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 6,200 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 1,861 shares in the last quarter. State Street Corp raised its stake in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider's stock valued at $146,857,000 after purchasing an additional 35,351 shares in the last quarter. Jane Street Group LLC raised its stake in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock valued at $5,733,000 after purchasing an additional 54,391 shares in the last quarter. XTX Topco Ltd bought a new stake in NMI during the third quarter worth about $568,000. Finally, Barclays PLC grew its stake in NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after buying an additional 280,809 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NMI

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were 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. The trade was a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares in the company, 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. Insiders own 2.70% of the company's stock.

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Analyst Upgrades and Downgrades

NMIH has been the topic of several analyst reports. UBS Group reduced their price target on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods reduced their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.14.

NMI Trading Up 2.1 %

Shares of NMIH stock traded up $0.71 on Friday, hitting $33.94. The company had a trading volume of 469,054 shares, compared to its average volume of 523,364. The firm has a market cap of $2.66 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.41 and a beta of 0.62. The stock's 50-day moving average is $35.48 and its two-hundred day moving average is $37.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.33% and a net margin of 55.32%. On average, equities research analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share 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.