Tudor Investment Corp ET AL Buys 142,065 Shares of NMI Holdings Inc $NMIH

Tudor Investment Corp ET AL lifted its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 62.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 368,840 shares of the financial services provider’s stock after acquiring an additional 142,065 shares during the period. Tudor Investment Corp ET AL owned 0.48% of NMI worth $14,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Walleye Capital LLC acquired a new position in shares of NMI during the second quarter valued at about $13,245,000. Exchange Traded Concepts LLC acquired a new stake in shares of NMI in the 3rd quarter valued at about $1,926,000. Public Sector Pension Investment Board grew its stake in shares of NMI by 5.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock valued at $22,906,000 after buying an additional 30,341 shares during the period. Capital Fund Management S.A. bought a new stake in NMI in the 2nd quarter valued at about $1,298,000. Finally, Jump Financial LLC increased its position in NMI by 184.6% in the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after buying an additional 125,401 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group set a $43.00 price target on NMI in a report on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods upgraded NMI from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $46.00 to $48.00 in a report on Thursday, December 18th. Finally, Barclays lifted their price target on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Price Performance

Shares of NASDAQ NMIH opened at $36.78 on Friday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 7.49, a PEG ratio of 1.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.57 and a current ratio of 0.57. NMI Holdings Inc has a fifty-two week low of $31.90 and a fifty-two week high of $43.20. The firm’s 50-day simple moving average is $38.72 and its 200 day simple moving average is $38.50.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $180.74 million during 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 EPS. As a group, research analysts anticipate that NMI Holdings Inc will post 4.62 earnings per share for the current fiscal year.

Insider Activity at NMI

In other NMI news, Chairman Bradley M. Shuster sold 55,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares in the company, valued at approximately $16,462,737.93. This trade represents a 11.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of NMI stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the transaction, the executive vice president directly owned 32,445 shares in the company, valued at $1,295,853.30. This represents a 40.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 170,459 shares of company stock valued at $6,649,852 over the last 90 days. Insiders own 3.00% of the company’s stock.

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.