NMI Holdings Inc $NMIH Shares Sold by Amundi

Amundi lessened its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 6.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,794 shares of the financial services provider’s stock after selling 9,097 shares during the quarter. Amundi owned about 0.17% of NMI worth $4,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in NMI in the 1st quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new position in NMI in the 1st quarter worth approximately $33,000. Neo Ivy Capital Management purchased a new stake in NMI in the 1st quarter worth approximately $47,000. Caitong International Asset Management Co. Ltd purchased a new stake in NMI in the 1st quarter worth approximately $48,000. Finally, Quarry LP boosted its position in NMI by 89.3% in the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 699 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of several recent research reports. Compass Point restated a “buy” rating and issued a $37.00 price objective (up previously from $34.00) on shares of NMI in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price objective on NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Wall Street Zen lowered NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Barclays raised their target price on NMI from $41.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods cut NMI from an “outperform” rating to a “market perform” rating and raised their target price for the company from $42.00 to $43.00 in a research report on Monday, July 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

NMI Stock Up 0.4%

Shares of NMIH opened at $39.63 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.74 and a current ratio of 0.74. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.14 and a beta of 0.55. The stock has a 50 day moving average price of $39.06 and a 200 day moving average price of $37.75.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $149.07 million during the quarter, compared to analysts’ expectations of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. Equities research analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal 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.