XTX Topco Ltd Has $479,000 Holdings in NMI Holdings Inc $NMIH

XTX Topco Ltd lowered its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 59.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,364 shares of the financial services provider’s stock after selling 16,648 shares during the period. XTX Topco Ltd’s holdings in NMI were worth $479,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in shares of NMI by 5.7% during the first quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 341 shares in the last quarter. LPL Financial LLC boosted its position in NMI by 4.7% during the 1st quarter. LPL Financial LLC now owns 52,321 shares of the financial services provider’s stock worth $1,886,000 after buying an additional 2,359 shares during the period. Mackenzie Financial Corp grew its holdings in NMI by 12.3% during the 1st quarter. Mackenzie Financial Corp now owns 14,863 shares of the financial services provider’s stock worth $536,000 after acquiring an additional 1,629 shares during the last quarter. Natixis Advisors LLC increased its position in NMI by 11.4% in the 1st quarter. Natixis Advisors LLC now owns 35,326 shares of the financial services provider’s stock valued at $1,274,000 after acquiring an additional 3,629 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in NMI by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,397 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 497 shares during the period. 94.12% of the stock is currently owned by institutional investors.

NMI Price Performance

Shares of NASDAQ NMIH opened at $37.50 on Friday. The company has a market capitalization of $2.88 billion, a PE ratio of 7.85, a P/E/G ratio of 1.19 and a beta of 0.66. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.17. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The firm has a fifty day simple moving average of $37.00 and a 200 day simple moving average of $38.59.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The firm had revenue of $171.56 million during the quarter, compared to the consensus estimate of $177.01 million. During the same period last year, the business posted $1.15 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current year.

Analyst Ratings Changes

NMIH has been the topic of a number of recent research reports. Barclays reiterated a “cautious” rating on shares of NMI in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on NMI from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Insider Activity at NMI

In other news, Director Steven Scheid sold 19,926 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the sale, the director owned 78,960 shares of the company’s stock, valued at $3,103,917.60. This trade represents a 20.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the sale, the director owned 46,046 shares of the company’s stock, valued at $1,699,097.40. This represents a 30.28% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.00% of the company’s stock.

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.