XTX Topco Ltd Has $1.01 Million Stock Holdings in NMI Holdings Inc (NASDAQ:NMIH)

Key Points

• XTX Topco Ltd increased its holdings in NMI Holdings Inc by 79.1% during the first quarter, bringing its total shares to 28,012, valued at $1,010,000.
• A recent report indicated a mixed range of analyst ratings for NMIH, with targets varying from $37.00 to $44.00, and an average price target of $42.33.
• Insider trading activity included significant sales by Director Michael Curry Montgomery and Chairman Bradley M. Shuster, reflecting a decrease in their ownership percentages.

XTX Topco Ltd raised its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 79.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,012 shares of the financial services provider's stock after acquiring an additional 12,370 shares during the quarter. XTX Topco Ltd's holdings in NMI were worth $1,010,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Xponance Inc. raised its stake in NMI by 5.0% during the first quarter. Xponance Inc. now owns 5,917 shares of the financial services provider's stock worth $213,000 after buying an additional 281 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in NMI by 5.7% in the 4th 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 in the last quarter. Cetera Investment Advisers boosted its stake in shares of NMI by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider's stock valued at $229,000 after purchasing an additional 341 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in NMI by 5.6% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,493 shares of the financial services provider's stock valued at $234,000 after buying an additional 344 shares during the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of NMI by 2.3% in the 1st quarter. Moran Wealth Management LLC now owns 15,867 shares of the financial services provider's stock worth $572,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at NMI

In related news, Chairman Bradley M. Shuster sold 21,545 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $39.56, for a total transaction of $852,320.20. Following the sale, the chairman owned 409,792 shares in the company, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $38.05, for a total value of $71,343.75. Following the transaction, the director directly owned 66,068 shares in the company, valued at approximately $2,513,887.40. This trade represents a 2.76% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

NMI Stock Up 0.7%

NMI stock traded up $0.25 during midday trading on Tuesday, hitting $37.85. 467,448 shares of the company were exchanged, compared to its average volume of 523,811. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The company's fifty day moving average price is $39.68 and its 200-day moving average price is $37.36. The company has a market cap of $2.94 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 1.09 and a beta of 0.57.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 16.51% and a net margin of 55.57%. NMI's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, research analysts predict that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

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.