SG Americas Securities LLC Purchases 15,211 Shares of NMI Holdings Inc $NMIH

SG Americas Securities LLC lifted its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 342.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19,655 shares of the financial services provider’s stock after acquiring an additional 15,211 shares during the period. SG Americas Securities LLC’s holdings in NMI were worth $754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NMIH. PNC Financial Services Group Inc. raised its holdings in NMI by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,661 shares of the financial services provider’s stock valued at $281,000 after buying an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 291 shares during the period. California State Teachers Retirement System grew its holdings in NMI by 0.5% in the second quarter. California State Teachers Retirement System now owns 70,112 shares of the financial services provider’s stock worth $2,958,000 after purchasing an additional 328 shares during the period. Financial Strategies Group Inc. increased its position in NMI by 1.7% in the 2nd quarter. Financial Strategies Group Inc. now owns 20,383 shares of the financial services provider’s stock valued at $860,000 after buying an additional 347 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of NMI by 4.3% during the second quarter. EP Wealth Advisors LLC now owns 9,836 shares of the financial services provider’s stock valued at $415,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

NMI Stock Down 0.7%

Shares of NASDAQ NMIH opened at $37.76 on Wednesday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 7.90, a PEG ratio of 1.14 and a beta of 0.66. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The firm’s 50 day simple moving average is $39.07 and its two-hundred day simple moving average is $38.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same quarter in the prior year, the company earned $1.15 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on NMIH. UBS Group set a $43.00 price objective on NMI in a research note on Monday, January 12th. Barclays lifted their price objective on shares of NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. increased their price objective on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Insider Activity

In other news, Director Michael J. Embler sold 20,000 shares of NMI stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the transaction, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.