SG Americas Securities LLC Has $1.54 Million Stock Holdings in NMI Holdings Inc $NMIH

SG Americas Securities LLC increased its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 92.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,812 shares of the financial services provider’s stock after acquiring an additional 18,157 shares during the quarter. SG Americas Securities LLC’s holdings in NMI were worth $1,542,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in NMI by 196.0% in the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 437 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of NMI by 51.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 291 shares during the period. Financial Consulate Inc. bought a new stake in shares of NMI in the 3rd quarter valued at $55,000. Nisa Investment Advisors LLC increased its position in shares of NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after buying an additional 289 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in NMI by 1,308.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,779 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

NMIH stock opened at $37.91 on Tuesday. The stock has a 50-day moving average price of $38.61 and a two-hundred day moving average price of $38.33. The stock has a market cap of $2.89 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $180.74 million for the quarter, compared to analyst estimates of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period in the previous year, the company posted $1.07 earnings per share. Equities analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In other news, Chairman Bradley M. Shuster sold 18,953 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $37.35, for a total transaction of $707,894.55. Following the completion of the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at $15,515,600.85. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the sale, the executive vice president owned 32,445 shares in the company, valued at $1,295,853.30. This trade represents a 40.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 189,412 shares of company stock valued at $7,357,746. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. UBS Group set a $43.00 price objective on NMI in a report on Monday, January 12th. Barclays decreased their price objective on NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.80.

NMI 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.