Jefferies Financial Group Inc. Buys Shares of 58,800 NMI Holdings, Inc. (NASDAQ:NMIH)

Jefferies Financial Group Inc. purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Principal Securities Inc. grew its stake in shares of 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 buying an additional 286 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock valued at $69,000 after buying an additional 1,387 shares in the last quarter. Covestor Ltd grew its stake in shares of NMI by 601.1% in the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,623 shares in the last quarter. Sterling Capital Management LLC grew 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 valued at $84,000 after buying an additional 2,036 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of NMI by 38.3% in 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 in the last quarter. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

NMIH has been the subject of a number of research analyst reports. StockNews.com raised shares of NMI from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective 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 shares of NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group reduced their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.17.

Insider Transactions at NMI

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 value of $71,343.75. Following the completion of the transaction, the director now owns 66,068 shares of the company's stock, valued at $2,513,887.40. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Pollitzer sold 57,166 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $36.54, for a total value of $2,088,845.64. Following the completion of the transaction, the chief executive officer now directly owns 329,465 shares of the company's stock, valued at approximately $12,038,651.10. This trade represents a 14.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,235 shares of company stock valued at $4,113,998. 3.00% of the stock is currently owned by corporate insiders.

NMI Stock Performance

Shares of NMIH traded up $0.76 during midday trading on Friday, reaching $38.41. 532,362 shares of the stock were exchanged, compared to its average volume of 545,846. NMI Holdings, Inc. has a twelve month low of $31.59 and a twelve month high of $42.49. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.00 billion, a P/E ratio of 8.67, a PEG ratio of 1.41 and a beta of 0.56. The stock's 50 day simple moving average is $35.40 and its 200 day simple moving average is $36.65.

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 analysts' consensus estimates of $1.10 by $0.18. NMI had a return on equity of 17.33% and a net margin of 55.32%. The company had revenue of $173.25 million during the quarter, compared to the consensus estimate of $169.04 million. During the same quarter last year, the firm earned $1.08 earnings per share. The company's revenue was up 10.8% on a year-over-year basis. On average, sell-side analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share 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.