Donald Smith & CO. Inc. increased its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 11.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 969,872 shares of the financial services provider's stock after buying an additional 97,125 shares during the period. Donald Smith & CO. Inc. owned about 1.22% of NMI worth $39,949,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of NMIH. UniSuper Management Pty Ltd acquired a new stake in shares of NMI during the 1st quarter worth $507,000. First Eagle Investment Management LLC grew its position in shares of NMI by 17.6% during the first quarter. First Eagle Investment Management LLC now owns 403,019 shares of the financial services provider's stock worth $13,034,000 after buying an additional 60,200 shares in the last quarter. Leuthold Group LLC bought a new stake in shares of NMI in the 1st quarter worth about $2,987,000. Susquehanna Fundamental Investments LLC acquired a new stake in NMI during the first quarter valued at approximately $532,000. Finally, Leeward Investments LLC MA lifted its stake in NMI by 5.6% during the second quarter. Leeward Investments LLC MA now owns 306,985 shares of the financial services provider's stock worth $10,450,000 after purchasing an additional 16,295 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.
Insider Buying and Selling at NMI
In related news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now directly owns 153,689 shares of the company's stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. StockNews.com downgraded NMI from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Barclays boosted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Royal Bank of Canada upgraded NMI from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $40.00 to $48.00 in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Finally, Keefe, Bruyette & Woods increased their price objective on NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Three 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 presently has an average rating of "Moderate Buy" and an average target price of $43.43.
Check Out Our Latest Stock Analysis on NMIH
NMI Stock Up 0.8 %
Shares of NASDAQ:NMIH traded up $0.30 during midday trading on Wednesday, reaching $39.17. The company had a trading volume of 352,399 shares, compared to its average volume of 529,626. The business's 50 day moving average price is $40.51 and its 200 day moving average price is $36.45. NMI Holdings, Inc. has a 1-year low of $26.91 and a 1-year high of $42.49. The stock has a market cap of $3.12 billion, a PE ratio of 9.21, a P/E/G ratio of 0.88 and a beta of 1.12. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20.
NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.15. NMI had a net margin of 56.40% and a return on equity of 18.29%. The firm had revenue of $162.12 million for the quarter, compared to analyst estimates of $138.49 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business's revenue was up 13.6% compared to the same quarter last year. Research analysts forecast that NMI Holdings, Inc. will post 4.5 EPS for the current fiscal year.
About NMI
(
Free Report)
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.
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