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

Jefferies Financial Group Inc. increased its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 70.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,600 shares of the financial services provider’s stock after acquiring an additional 16,000 shares during the period. Jefferies Financial Group Inc. owned about 0.05% of NMI worth $1,574,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Arizona State Retirement System lifted its stake in NMI by 1.2% in the 3rd quarter. Arizona State Retirement System now owns 23,099 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 277 shares in the last quarter. California State Teachers Retirement System increased its stake in NMI by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock valued at $2,958,000 after buying an additional 328 shares during the period. Covestor Ltd increased its stake in NMI by 11.4% in the 4th quarter. Covestor Ltd now owns 3,894 shares of the financial services provider’s stock valued at $159,000 after buying an additional 398 shares during the period. EverSource Wealth Advisors LLC increased its stake in NMI by 19.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the financial services provider’s stock valued at $93,000 after buying an additional 401 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in NMI by 4.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,836 shares of the financial services provider’s stock valued at $415,000 after buying an additional 408 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NMI

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were 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 $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $707,894.55. Following the sale, the chairman owned 415,411 shares of the company’s stock, valued at $15,515,600.85. This trade represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,909 shares of company stock valued at $2,920,756 over the last 90 days. Corporate insiders own 2.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NMI Trading Down 0.8%

Shares of NMIH stock opened at $36.87 on Thursday. NMI Holdings Inc has a 12 month low of $34.84 and a 12 month high of $43.20. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $38.36 and its two-hundred day moving average is $38.78. The company has a market cap of $2.80 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.28 and a beta of 0.59.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. NMI had a return on equity of 15.18% and a net margin of 53.82%.The company had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same quarter last year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that NMI Holdings Inc will post 5.15 EPS for the current year.

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.