First Eagle Investment Management LLC Has $8.68 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

First Eagle Investment Management LLC lifted its stake in NMI Holdings, Inc. (NASDAQ:NMIHFree Report) by 28.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 320,539 shares of the financial services provider’s stock after acquiring an additional 70,867 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.40% of NMI worth $8,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NMIH. Norges Bank acquired a new stake in shares of NMI in the fourth quarter valued at about $18,362,000. State Street Corp grew its holdings in NMI by 15.8% during the first quarter. State Street Corp now owns 4,053,585 shares of the financial services provider’s stock worth $83,585,000 after purchasing an additional 551,924 shares during the period. Dimensional Fund Advisors LP grew its holdings in NMI by 10.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,441,230 shares of the financial services provider’s stock worth $99,171,000 after purchasing an additional 417,095 shares during the period. Assenagon Asset Management S.A. grew its holdings in NMI by 333.9% during the third quarter. Assenagon Asset Management S.A. now owns 457,162 shares of the financial services provider’s stock worth $12,385,000 after purchasing an additional 351,792 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in NMI by 20.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,591,354 shares of the financial services provider’s stock worth $41,089,000 after purchasing an additional 271,396 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Activity

In other news, Director James G. Jones sold 5,287 shares of NMI stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $30.15, for a total value of $159,403.05. Following the completion of the sale, the director now directly owns 112,541 shares in the company, valued at $3,393,111.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other NMI news, Chairman Bradley M. Shuster sold 171,418 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $30.11, for a total transaction of $5,161,395.98. Following the completion of the transaction, the chairman now directly owns 426,963 shares in the company, valued at $12,855,855.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James G. Jones sold 5,287 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $30.15, for a total transaction of $159,403.05. Following the transaction, the director now owns 112,541 shares of the company’s stock, valued at $3,393,111.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 313,355 shares of company stock worth $9,387,503. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com upgraded NMI from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Barclays assumed coverage on NMI in a report on Wednesday, November 15th. They set an “overweight” rating and a $37.00 price target for the company. UBS Group assumed coverage on NMI in a report on Wednesday, December 6th. They set a “buy” rating and a $36.00 price objective for the company. Bank of America assumed coverage on NMI in a report on Tuesday, October 17th. They set a “buy” rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on NMI from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $33.86.

View Our Latest Research Report on NMIH

NMI Stock Down 0.6 %

NASDAQ NMIH opened at $31.10 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. NMI Holdings, Inc. has a 1-year low of $20.61 and a 1-year high of $32.50. The company has a 50 day moving average of $29.44 and a 200-day moving average of $28.47. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.74 and a beta of 1.10.

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.

Read More

Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.