First Eagle Investment Management LLC Buys 24,300 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

First Eagle Investment Management LLC increased its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 438,919 shares of the financial services provider's stock after buying an additional 24,300 shares during the period. First Eagle Investment Management LLC owned 0.55% of NMI worth $16,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NMIH. Raymond James Financial Inc. acquired a new position in NMI in the fourth quarter worth approximately $13,136,000. Barclays PLC increased its holdings in NMI by 264.4% in 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 during the last quarter. abrdn plc acquired a new position in NMI in the fourth quarter worth approximately $8,122,000. Denali Advisors LLC increased its holdings in NMI by 2,446.6% in the fourth quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider's stock worth $6,459,000 after buying an additional 168,818 shares during the last quarter. Finally, FMR LLC increased its holdings in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider's stock worth $62,489,000 after buying an additional 107,771 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NMIH. JPMorgan Chase & Co. dropped their price objective on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target on the stock in a report on Monday, February 24th. UBS Group lowered their price target on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and lowered their price target for the company 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 assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.29.

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Insider Activity

In related news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 49,218 shares of the company's stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was 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 trade 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 company insiders.

NMI Stock Performance

Shares of NMIH traded down $0.08 during mid-day trading on Tuesday, hitting $35.29. The company's stock had a trading volume of 421,781 shares, compared to its average volume of 472,940. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. 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 firm has a market capitalization of $2.77 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock's 50-day moving average is $36.46 and its two-hundred day moving average is $38.25.

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 net margin of 55.32% and a return on equity of 17.33%. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS 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.