Jefferies Financial Group Inc. Has $1.57 Million Holdings in NMI Holdings Inc $NMIH

Jefferies Financial Group Inc. raised its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 70.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 38,600 shares of the financial services provider’s stock after buying an additional 16,000 shares during the quarter. Jefferies Financial Group Inc.’s holdings in NMI were worth $1,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NMIH. Bank of America Corp DE increased its holdings in shares of NMI by 95.3% during the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after purchasing an additional 495,144 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after purchasing an additional 277,065 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of NMI by 85.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock worth $23,009,000 after purchasing an additional 276,897 shares during the period. Jane Street Group LLC increased its holdings in shares of NMI by 1,312.9% during the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after purchasing an additional 208,287 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of NMI by 62.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 424,127 shares of the financial services provider’s stock worth $17,894,000 after purchasing an additional 163,364 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

NMIH has been the topic of several research reports. Barclays dropped their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group set a $46.00 price objective on NMI in a report on Friday, May 22nd. JPMorgan Chase & Co. reduced their price objective on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods reduced their price objective on shares of NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Royal Bank Of Canada initiated coverage on shares of NMI in a report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, NMI has an average rating of “Moderate Buy” and a consensus target price of $44.80.

NMI Trading Down 0.8%

Shares of NMIH opened at $36.87 on Thursday. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $43.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $38.36 and a 200-day simple moving average of $38.78. The stock has a market cap of $2.80 billion, a PE ratio of 7.51, a PEG ratio of 1.28 and a beta of 0.59.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The business had revenue of $183.48 million during the quarter, compared to analysts’ expectations of $153.99 million. During the same period in the prior year, the firm posted $1.28 EPS. NMI’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that NMI Holdings Inc will post 5.15 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Bradley M. Shuster sold 18,953 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total value of $707,894.55. Following the sale, the chairman owned 415,411 shares of the company’s stock, valued at approximately $15,515,600.85. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the sale, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 77,909 shares of company stock worth $2,920,756. 2.44% of the stock is owned by insiders.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.