NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 34.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,307,868 shares of the financial services provider's stock after purchasing an additional 337,996 shares during the period. Donald Smith & CO. Inc. owned approximately 1.65% of NMI worth $48,077,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NMIH. Norges Bank purchased a new stake in NMI during the fourth quarter worth $13,174,000. Raymond James Financial Inc. acquired a new position in shares of NMI in the fourth quarter worth about $13,136,000. Barclays PLC boosted its stake in shares of NMI by 264.4% during the 3rd quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock worth $15,940,000 after acquiring an additional 280,809 shares in the last quarter. abrdn plc acquired a new stake in shares of NMI during the 4th quarter valued at about $8,122,000. Finally, JPMorgan Chase & Co. increased its stake in shares of NMI by 25.3% in the 4th quarter. JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider's stock valued at $35,726,000 after purchasing an additional 196,059 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. This represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. The trade was 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.

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NMI Price Performance

Shares of NMIH traded up $0.48 during trading hours on Tuesday, hitting $33.27. 253,941 shares of the stock were exchanged, compared to its average volume of 518,358. The stock's 50-day moving average price is $36.08 and its two-hundred day moving average price is $37.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. 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 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 return on equity of 17.33% and a net margin of 55.32%. Research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

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

NMI 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.