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

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

Other large investors have also recently bought and sold shares of the company. Principal Securities Inc. grew its stake in shares of NMI by 66.5% during the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock worth $26,000 after purchasing an additional 286 shares during the period. Smartleaf Asset Management LLC boosted its holdings in 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 grew its position in NMI by 601.1% during the fourth quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock worth $70,000 after buying an additional 1,623 shares during the period. 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 in the last quarter. Finally, KBC Group NV lifted its position in shares of NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock valued at $118,000 after acquiring an additional 892 shares during the period. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Activity

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. This represents a 34.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

NMI Trading Up 7.5 %

Shares of NMIH opened at $36.17 on Thursday. NMI Holdings, Inc. has a fifty-two week low of $30.35 and a fifty-two week high of $42.49. The stock has a fifty day moving average of $34.89 and a two-hundred day moving average of $36.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company has a market capitalization of $2.83 billion, a PE ratio of 8.16, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62.

NMI (NASDAQ:NMIH - Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, beating 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 prior year, the firm posted $1.08 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Wall Street Analyst Weigh In

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

NMI 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.

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