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

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

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Securities Inc. increased its stake in shares of NMI by 66.5% in 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. GAMMA Investing LLC grew its holdings in NMI by 104.2% during the first quarter. GAMMA Investing LLC now owns 1,564 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 798 shares during the period. Smartleaf Asset Management LLC grew 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 valued at $69,000 after purchasing an additional 1,387 shares during the period. Covestor Ltd increased its position 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 buying an additional 1,623 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of NMI by 786.1% in 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 during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

NMI Price Performance

Shares of NMI stock traded up $0.43 on Thursday, hitting $42.24. 479,147 shares of the company traded hands, compared to its average volume of 559,553. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50-day simple moving average of $38.22 and a 200 day simple moving average of $36.88. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $42.49. The stock has a market capitalization of $3.30 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55.

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

Analyst Ratings Changes

NMIH has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their price objective on 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 price target (up from $34.00) on shares of NMI in a research report on Friday, May 23rd. 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. Finally, Wall Street Zen upgraded shares of NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

Insider Transactions at NMI

In other news, EVP Robert Owen Smith sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the completion of the transaction, the executive vice president now directly owns 84,566 shares in the company, valued at approximately $3,093,424.28. This represents a 19.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total transaction of $2,088,845.64. Following the completion of the sale, the chief executive officer now owns 329,465 shares in the company, valued at $12,038,651.10. This represents a 14.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,697 shares of company stock valued at $4,210,337. 3.00% of the stock is currently owned by 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.