NMI Holdings, Inc. (NASDAQ:NMIH) Holdings Boosted by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its position in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 325.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,719 shares of the financial services provider's stock after purchasing an additional 116,047 shares during the quarter. Tudor Investment Corp ET AL owned about 0.19% of NMI worth $5,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NMIH. Principal Securities Inc. lifted its stake in NMI by 66.5% during the fourth 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. Smartleaf Asset Management LLC raised its stake in 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 increased its holdings 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 valued at $70,000 after acquiring an additional 1,623 shares during the last quarter. Sterling Capital Management LLC lifted its stake in NMI by 786.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $84,000 after purchasing an additional 2,036 shares during the last quarter. Finally, KBC Group NV increased its stake in 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 purchasing an additional 892 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Insider Activity

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of NMI stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the sale, the executive vice president now directly owns 49,218 shares of the company's stock, valued at approximately $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Adam Pollitzer sold 57,166 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.54, for a total value of $2,088,845.64. Following the transaction, the chief executive officer now directly owns 329,465 shares in the company, valued at approximately $12,038,651.10. This represents a 14.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,360 shares of company stock valued at $4,042,654. Company insiders own 3.00% of the company's stock.

NMI Trading Up 0.3 %

Shares of NMIH traded up $0.12 during mid-day trading on Tuesday, hitting $37.60. The company had a trading volume of 62,387 shares, compared to its average volume of 546,244. 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 stock has a market cap of $2.94 billion, a PE ratio of 8.50, a P/E/G ratio of 1.41 and a beta of 0.56. NMI Holdings, Inc. has a 1-year low of $31.59 and a 1-year high of $42.49. The business's 50-day simple moving average is $34.97 and its 200-day simple moving average is $36.68.

NMI (NASDAQ:NMIH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS 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 company had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. Sell-side analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. StockNews.com raised NMI from a "hold" rating to a "buy" rating in a research note on Monday. UBS Group cut their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Barclays cut shares of NMI from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price target on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, NMI has a consensus rating of "Moderate Buy" and an average price target of $42.14.

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.