Eagle Asset Management Inc. Sells 96,841 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Eagle Asset Management Inc. reduced its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 22.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 338,015 shares of the financial services provider's stock after selling 96,841 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.42% of NMI worth $13,923,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Donald Smith & CO. Inc. purchased a new stake in NMI in the second quarter worth $29,708,000. Goldentree Asset Management LP bought a new position in shares of NMI in the 1st quarter worth about $22,600,000. Assenagon Asset Management S.A. lifted its position in NMI by 38.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider's stock valued at $80,009,000 after acquiring an additional 534,818 shares during the period. F M Investments LLC bought a new stake in NMI during the second quarter worth about $12,447,000. Finally, Vanguard Group Inc. grew its holdings in NMI by 5.3% in the first quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider's stock worth $231,818,000 after purchasing an additional 358,930 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NMIH has been the topic of a number of analyst reports. Barclays boosted their price target on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Truist Financial raised their price target on NMI from $37.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Finally, StockNews.com cut shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

Insider Buying and Selling

In related news, insider William J. Leatherberry sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now owns 153,689 shares of the company's stock, valued at approximately $6,158,318.23. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

NMI Stock Performance

NMIH stock traded up $0.46 on Friday, hitting $38.73. The company had a trading volume of 452,366 shares, compared to its average volume of 515,669. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 0.93 and a beta of 1.13. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $39.69 and its 200 day simple moving average is $37.28. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49.

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.