SG Americas Securities LLC Purchases Shares of 14,692 NMI Holdings Inc (NASDAQ:NMIH)

SG Americas Securities LLC purchased a new stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,692 shares of the financial services provider's stock, valued at approximately $530,000.

Several other institutional investors have also recently added to or reduced their stakes in NMIH. Principal Securities Inc. raised its holdings in NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after buying an additional 286 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in NMI by 5.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider's stock worth $222,000 after buying an additional 325 shares during the last quarter. Atria Investments Inc raised its holdings in NMI by 5.9% during the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock worth $278,000 after buying an additional 422 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in NMI by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,208 shares of the financial services provider's stock worth $302,000 after buying an additional 433 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in NMI by 8.6% during the fourth quarter. Cetera Investment Advisers now owns 6,006 shares of the financial services provider's stock worth $221,000 after buying an additional 476 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NMIH has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods reduced their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Compass Point reiterated a "buy" rating and issued a $37.00 target price (up previously from $34.00) on shares of NMI in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Stock Performance

NASDAQ:NMIH opened at $40.85 on Monday. The stock has a market cap of $3.19 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 1.38 and a beta of 0.55. The firm's fifty day simple moving average is $37.57 and its 200 day simple moving average is $36.76. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $42.49. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.18.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.18. The business had revenue of $173.25 million for the quarter, compared to analysts' expectations of $169.04 million. NMI had a net margin of 55.93% and a return on equity of 17.27%. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In other news, insider William J. Leatherberry sold 13,111 shares of NMI 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 completion of the transaction, the insider now owns 163,796 shares of the company's stock, valued at $5,824,585.76. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of NMI stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the sale, the chief executive officer now owns 329,465 shares of the company's stock, valued at $12,038,651.10. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,697 shares of company stock valued at $4,210,337. 3.00% of the stock is currently owned by company insiders.

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.

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