BNP Paribas Financial Markets Buys 14,908 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

BNP Paribas Financial Markets raised its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,132 shares of the financial services provider's stock after buying an additional 14,908 shares during the period. BNP Paribas Financial Markets owned about 0.16% of NMI worth $4,673,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NMI during the 4th quarter valued at $13,174,000. Raymond James Financial Inc. bought a new stake in NMI during the fourth quarter valued at about $13,136,000. Donald Smith & CO. Inc. lifted its position in shares of NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after acquiring an additional 337,996 shares in the last quarter. Barclays PLC boosted its stake in shares of 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 acquiring an additional 280,809 shares during the period. Finally, abrdn plc purchased a new stake in shares of NMI during the fourth quarter worth about $8,122,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Price Performance

NMI stock traded up $0.76 during mid-day trading on Friday, reaching $38.41. 532,362 shares of the company's stock traded hands, compared to its average volume of 545,846. NMI Holdings, Inc. has a 12-month low of $31.59 and a 12-month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $35.40 and a two-hundred day moving average of $36.65. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.41 and a beta of 0.56.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The firm had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. During the same period in the prior year, the company earned $1.08 EPS. The business's revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Activity

In related news, CEO Adam Pollitzer sold 57,166 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the sale, the chief executive officer now directly owns 329,465 shares in the company, valued at $12,038,651.10. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the transaction, the director now directly owns 66,068 shares of the company's stock, valued at $2,513,887.40. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,235 shares of company stock valued at $4,113,998 in the last ninety days. Insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NMIH shares. Keefe, Bruyette & Woods dropped their price target on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com raised shares of NMI from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

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.