XTX Topco Ltd Has $1.01 Million 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 boosted its position in shares of NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 79.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,012 shares of the financial services provider's stock after purchasing an additional 12,370 shares during the period. 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 large investors have also added to or reduced their stakes in NMIH. Assenagon Asset Management S.A. grew its holdings in NMI by 70.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after purchasing an additional 844,037 shares in the last quarter. Norges Bank acquired a new stake in NMI during the 4th quarter valued at $13,174,000. Capital World Investors grew its holdings in NMI by 21.1% during the 4th quarter. Capital World Investors now owns 1,150,000 shares of the financial services provider's stock valued at $42,274,000 after purchasing an additional 200,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in NMI by 25.3% during the 4th quarter. JPMorgan Chase & Co. now owns 971,863 shares of the financial services provider's stock valued at $35,726,000 after acquiring an additional 196,059 shares during the last quarter. Finally, Barclays PLC boosted its stake in NMI by 43.6% during the 4th quarter. Barclays PLC now owns 555,618 shares of the financial services provider's stock valued at $20,424,000 after acquiring an additional 168,619 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NMI Stock Performance

NASDAQ:NMIH traded down $0.08 during mid-day trading on Thursday, hitting $38.21. The stock had a trading volume of 184,305 shares, compared to its average volume of 581,523. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.10 and a beta of 0.57. The company has a 50 day simple moving average of $39.67 and a 200-day simple moving average of $37.36. NMI Holdings Inc has a 52 week low of $31.90 and a 52 week high of $43.20. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.17.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.06. The firm had revenue of $149.07 million for the quarter, compared to the consensus estimate of $173.39 million. NMI had a net margin of 55.57% and a return on equity of 16.51%. NMI's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. On average, research analysts expect that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Insider Activity

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $39.56, for a total transaction of $852,320.20. Following the transaction, the chairman owned 409,792 shares of the company's stock, valued at approximately $16,211,371.52. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Curry Montgomery sold 1,875 shares of NMI stock in a transaction that occurred 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 completion of the transaction, the director directly owned 66,068 shares in the company, valued at $2,513,887.40. This represents a 2.76% decrease in their position. The disclosure for this sale can be found here. 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.