Amundi Has $4.99 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Amundi lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 27.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,891 shares of the financial services provider’s stock after purchasing an additional 29,865 shares during the period. Amundi’s holdings in NMI were worth $4,991,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Edgestream Partners L.P. increased its stake in shares of NMI by 132.6% in the 4th quarter. Edgestream Partners L.P. now owns 173,178 shares of the financial services provider’s stock valued at $6,366,000 after buying an additional 98,722 shares during the period. Inceptionr LLC increased its position in NMI by 37.8% in the fourth quarter. Inceptionr LLC now owns 18,081 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 4,962 shares during the period. Raymond James Financial Inc. bought a new stake in NMI during the 4th quarter worth about $13,136,000. Atria Investments Inc boosted its stake in shares of NMI by 5.9% in the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 422 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of NMI by 12.6% during the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider’s stock worth $3,235,000 after buying an additional 9,842 shares during the period. Institutional investors own 94.12% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’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 sale, the executive vice president now owns 49,218 shares in the company, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 transaction 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 $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on NMIH shares. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research note on Monday, February 24th. UBS Group decreased their target price on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Up 2.1 %

NASDAQ:NMIH opened at $35.40 on Friday. The company has a market cap of $2.78 billion, a PE ratio of 7.99, a PEG ratio of 1.41 and a beta of 1.02. The stock has a 50-day simple moving average of $36.46 and a 200 day simple moving average of $38.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. NMI Holdings, Inc. has a 52-week low of $29.05 and a 52-week high of $42.49.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 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%. On average, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

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.