NMI Holdings, Inc. (NASDAQ:NMIH) Position Increased by Jump Financial LLC

Jump Financial LLC increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 45.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,729 shares of the financial services provider’s stock after purchasing an additional 22,281 shares during the quarter. Jump Financial LLC owned approximately 0.09% of NMI worth $2,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NMIH. Principal Securities Inc. grew its stake in NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 286 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,387 shares during the period. Covestor Ltd lifted its position in NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 1,623 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider’s stock worth $84,000 after purchasing an additional 2,036 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on NMIH shares. JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of 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 reduced their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.14.

NMI Price Performance

Shares of NMIH opened at $33.68 on Friday. The firm has a market capitalization of $2.64 billion, a PE ratio of 7.60, a PEG ratio of 1.41 and a beta of 0.62. The company’s 50-day moving average is $35.17 and its 200-day moving average is $37.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $42.49.

NMI (NASDAQ:NMIH) last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. Equities analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at NMI

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.