SG Americas Securities LLC Takes Position in NMI Holdings Inc (NASDAQ:NMIH)

SG Americas Securities LLC acquired a new position in NMI Holdings Inc (NASDAQ:NMIH) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,944 shares of the financial services provider’s stock, valued at approximately $542,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in NMI by 0.4% during the 1st quarter. Arizona State Retirement System now owns 102,474 shares of the financial services provider’s stock worth $2,651,000 after purchasing an additional 370 shares during the last quarter. Piedmont Investment Advisors Inc. increased its holdings in NMI by 4.2% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 15,718 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 635 shares during the last quarter. United Services Automobile Association increased its holdings in NMI by 4.3% during the 4th quarter. United Services Automobile Association now owns 18,111 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 744 shares during the last quarter. Comerica Bank increased its holdings in NMI by 1.2% during the 4th quarter. Comerica Bank now owns 64,493 shares of the financial services provider’s stock worth $1,403,000 after purchasing an additional 778 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in NMI by 0.6% during the 4th quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock worth $2,499,000 after purchasing an additional 796 shares during the last quarter. Institutional investors own 90.52% of the company’s stock.

Several research analysts have recently commented on NMIH shares. Zacks Investment Research upgraded NMI from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Thursday, April 25th. Compass Point reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.50) on shares of NMI in a research report on Thursday, May 2nd. Zelman & Associates lowered NMI from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. SunTrust Banks began coverage on NMI in a research report on Thursday, April 18th. They set a “buy” rating and a $34.00 price objective for the company. Finally, BidaskClub upgraded NMI from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. NMI presently has a consensus rating of “Buy” and a consensus price target of $28.11.

In other NMI news, SVP Julie Norberg sold 11,146 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $25.97, for a total transaction of $289,461.62. Following the completion of the transaction, the senior vice president now directly owns 19,271 shares of the company’s stock, valued at approximately $500,467.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Adam Pollitzer sold 4,092 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $28.05, for a total value of $114,780.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,824 shares of company stock valued at $1,082,122. 4.20% of the stock is currently owned by corporate insiders.

NMIH stock traded up $0.05 on Friday, reaching $28.84. The company’s stock had a trading volume of 156,757 shares, compared to its average volume of 413,587. NMI Holdings Inc has a 52 week low of $15.62 and a 52 week high of $31.34. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.37 and a beta of 1.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.45 and a quick ratio of 0.45.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The business had revenue of $81.11 million during the quarter, compared to analyst estimates of $78.28 million. NMI had a return on equity of 18.92% and a net margin of 39.95%. On average, equities analysts anticipate that NMI Holdings Inc will post 2.31 EPS for the current fiscal year.

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About NMI

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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