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

Amundi grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,891 shares of the financial services provider's stock after buying an additional 29,865 shares during the quarter. Amundi owned approximately 0.18% of NMI worth $4,991,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Jane Street Group LLC increased its position 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 acquiring an additional 54,391 shares in the last quarter. Algert Global LLC increased its holdings 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 in the last quarter. JPMorgan Chase & Co. raised its position in NMI by 3.3% in the 3rd 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 last quarter. Citigroup Inc. lifted its holdings in 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 buying an additional 63,058 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider's stock worth $4,623,000 after buying an additional 39,012 shares during the period. 94.12% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

NMIH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price objective on the stock in a research note on Monday, February 24th. 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. decreased their price target 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. Finally, Barclays downgraded 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 research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NMI has a consensus rating of "Moderate Buy" and an average target price of $42.29.

Insiders Place Their Bets

In related 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 transaction of $38,381.52. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 37,470 shares of the company's stock, valued at $1,344,423.60. This represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% of the company's stock.

NMI Stock Up 0.4 %

NMIH traded up $0.15 during trading on Wednesday, hitting $35.44. The company had a trading volume of 318,334 shares, compared to its average volume of 505,149. The firm's 50-day moving average price is $36.45 and its 200 day moving average price is $38.21. The company has a market capitalization of $2.78 billion, a PE ratio of 8.00, a PEG ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, equities analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.