Jefferies Financial Group Inc. Takes Position in NMI Holdings Inc $NMIH

Jefferies Financial Group Inc. bought a new position in shares of NMI Holdings Inc (NASDAQ:NMIH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,600 shares of the financial services provider’s stock, valued at approximately $866,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its position in NMI by 20.4% during the first quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after acquiring an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NMI by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 2,030 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of NMI in the first quarter valued at approximately $256,000. Ashton Thomas Private Wealth LLC bought a new position in shares of NMI during the first quarter worth approximately $203,000. Finally, Jane Street Group LLC increased its stake in shares of NMI by 1,312.9% during the first 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. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Trading Up 0.2%

Shares of NASDAQ:NMIH opened at $37.13 on Friday. The business’s 50 day simple moving average is $39.11 and its 200 day simple moving average is $38.60. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $2.82 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.02 and a beta of 0.63.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period in the previous year, the firm earned $1.07 EPS. On average, research analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group set a $43.00 price target on NMI in a research note on Monday, January 12th. Barclays increased their price objective on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. JPMorgan Chase & Co. upped their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Buying and Selling

In related news, EVP Norman Peter Fitzgerald sold 22,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total value of $898,650.00. Following the completion of the transaction, the executive vice president owned 32,445 shares of the company’s stock, valued at $1,295,853.30. The trade was a 40.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Bradley M. Shuster sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at $16,462,737.93. This represents a 11.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 151,463 shares of company stock worth $5,946,050. Company insiders own 3.00% of the company’s stock.

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.