XTX Topco Ltd Increases Holdings in NMI Holdings Inc (NASDAQ:NMIH)

XTX Topco Ltd boosted its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 79.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,012 shares of the financial services provider’s stock after purchasing an additional 12,370 shares during the quarter. XTX Topco Ltd’s holdings in NMI were worth $1,010,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in NMIH. Sound Income Strategies LLC purchased a new stake in NMI in the first quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in NMI during the first quarter valued at approximately $33,000. Neo Ivy Capital Management bought a new position in NMI in the first quarter worth approximately $47,000. GAMMA Investing LLC lifted its stake in shares of NMI by 104.2% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 798 shares during the last quarter. Finally, Covestor Ltd raised its holdings in NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,623 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $38.05, for a total value of $71,343.75. Following the sale, the director owned 66,068 shares in the company, valued at $2,513,887.40. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Bradley M. Shuster sold 21,545 shares of NMI stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the completion of the sale, the chairman owned 409,792 shares in the company, valued at approximately $16,211,371.52. The trade was a 4.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NMIH shares. Keefe, Bruyette & Woods cut shares of NMI from an “outperform” rating to a “market perform” rating and raised their price target for the company from $42.00 to $43.00 in a report on Monday, July 7th. Barclays lifted their price target on shares of NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Compass Point reiterated a “buy” rating and set a $37.00 price objective (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered NMI from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.33.

NMI Price Performance

Shares of NMIH opened at $37.19 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74. The company’s fifty day moving average price is $39.71 and its 200-day moving average price is $37.36. NMI Holdings Inc has a 1-year low of $31.90 and a 1-year high of $43.20. The firm has a market capitalization of $2.88 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.13 and a beta of 0.57.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The company had revenue of $149.07 million for the quarter, compared to analyst estimates of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. On average, equities research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

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.