58,800 Shares in NMI Holdings, Inc. (NASDAQ:NMIH) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 58,800 shares of the financial services provider's stock, valued at approximately $2,161,000. Jefferies Financial Group Inc. owned about 0.07% of NMI as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NMIH. Principal Securities Inc. boosted its position in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in NMI by 288.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after buying an additional 1,387 shares in the last quarter. Covestor Ltd boosted its holdings in NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock worth $70,000 after buying an additional 1,623 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in NMI by 786.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $84,000 after buying an additional 2,036 shares in the last quarter. Finally, KBC Group NV boosted its holdings in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after buying an additional 892 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Trading Up 0.7%

NASDAQ NMIH traded up $0.26 during trading hours on Friday, hitting $39.73. 1,009,376 shares of the company's stock were exchanged, compared to its average volume of 555,010. The business's 50 day moving average is $36.04 and its 200-day moving average is $36.67. NMI Holdings, Inc. has a 12-month low of $31.60 and a 12-month high of $42.49. The firm has a market capitalization of $3.10 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. As a group, analysts anticipate that NMI Holdings, Inc. will post 4.62 EPS for the current fiscal year.

Insider Buying and Selling

In other NMI news, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the transaction, the insider now directly owns 163,796 shares of the company's stock, valued at $5,824,585.76. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total transaction of $71,343.75. Following the sale, the director now directly owns 66,068 shares in the company, valued at $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,152 shares of company stock valued at $3,358,017. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NMIH. Compass Point reissued a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Keefe, Bruyette & Woods decreased their target price on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. UBS Group decreased their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Company 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.