Jump Financial LLC Buys 22,281 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Jump Financial LLC increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 45.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,729 shares of the financial services provider's stock after purchasing an additional 22,281 shares during the quarter. Jump Financial LLC owned 0.09% of NMI worth $2,637,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Principal Securities Inc. boosted its position in 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 acquiring an additional 286 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in NMI by 288.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider's stock worth $69,000 after acquiring an additional 1,387 shares during the last quarter. Covestor Ltd boosted its position in NMI by 601.1% during the 4th quarter. Covestor Ltd now owns 1,893 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,623 shares during the last quarter. Sterling Capital Management LLC boosted its position in NMI by 786.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $84,000 after acquiring an additional 2,036 shares during the last quarter. Finally, KBC Group NV boosted its position in NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after acquiring an additional 892 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 37,470 shares of the company's stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction that occurred on 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. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

NMI Stock Performance

NMIH traded up $0.18 on Wednesday, reaching $33.93. The company had a trading volume of 265,257 shares, compared to its average volume of 530,165. NMI Holdings, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $42.49. The stock has a market cap of $2.65 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.41 and a beta of 0.62. The company's fifty day moving average is $35.04 and its 200 day moving average is $37.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. As a group, analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on NMIH shares. Keefe, Bruyette & Woods decreased 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. Barclays lowered shares of NMI from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group lowered their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, NMI currently has an average rating of "Moderate Buy" and an average price target 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.