Jefferies Financial Group Inc. Takes $2.16 Million Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Jefferies Financial Group Inc. purchased a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 58,800 shares of the financial services provider's stock, valued at approximately $2,161,000. Jefferies Financial Group Inc. owned approximately 0.07% of NMI at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Michael Curry Montgomery sold 1,875 shares of the business's stock in a transaction dated 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 now owns 66,068 shares of the company's stock, valued at approximately $2,513,887.40. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Leatherberry sold 13,111 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the completion of the sale, the insider now directly owns 163,796 shares in the company, valued at $5,824,585.76. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,235 shares of company stock valued at $4,113,998 in the last quarter. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NMIH. JPMorgan Chase & Co. decreased their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced 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. UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com raised shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, NMI currently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

NMI Stock Down 0.8%

NASDAQ NMIH traded down $0.30 during trading on Monday, hitting $38.12. 39,355 shares of the company traded hands, compared to its average volume of 544,839. The company has a market capitalization of $2.98 billion, a P/E ratio of 8.60, a PEG ratio of 1.41 and a beta of 0.56. The business has a fifty day simple moving average of $35.40 and a 200 day simple moving average of $36.62. NMI Holdings, Inc. has a 12 month low of $31.59 and a 12 month high of $42.49. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

NMI (NASDAQ:NMIH - Get Free Report) last posted its earnings results 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. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. During the same period in the previous year, the company earned $1.08 EPS. The company's revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

About NMI

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.