Jump Financial LLC Raises Holdings in NMI Holdings Inc $NMIH

Jump Financial LLC lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 184.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,322 shares of the financial services provider’s stock after buying an additional 125,401 shares during the period. Jump Financial LLC owned approximately 0.25% of NMI worth $8,156,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Maseco LLP acquired a new position in NMI during the second quarter worth $32,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in NMI in the 2nd quarter worth about $36,000. Caitong International Asset Management Co. Ltd purchased a new stake in NMI during the 1st quarter worth approximately $48,000. Elevation Point Wealth Partners LLC purchased a new position in shares of NMI in the second quarter valued at approximately $49,000. Finally, Quarry LP boosted its stake in NMI by 89.3% during the 1st quarter. Quarry LP now owns 1,482 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 699 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NMI Stock Down 0.7%

NMI stock opened at $37.30 on Tuesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.17 and a beta of 0.66. The stock’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $38.59. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a return on equity of 16.08% and a net margin of 55.02%.The company had revenue of $171.56 million for the quarter, compared to analysts’ expectations of $177.01 million. During the same period last year, the firm earned $1.15 earnings per share. NMI’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven Scheid sold 19,926 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $39.31, for a total value of $783,291.06. Following the completion of the transaction, the director directly owned 78,960 shares of the company’s stock, valued at $3,103,917.60. This represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Embler sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.00% of the company’s stock.

About NMI

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.