Caxton Associates LP Raises Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Caxton Associates LP grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 82.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,328 shares of the financial services provider’s stock after buying an additional 12,350 shares during the quarter. Caxton Associates LP’s holdings in NMI were worth $884,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NMIH. Vanguard Group Inc. grew its position in shares of NMI by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after purchasing an additional 162,614 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in NMI by 31.7% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 9,669 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,328 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in NMI by 2.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,949 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 1,015 shares in the last quarter. Cerity Partners LLC grew its holdings in NMI by 5.9% during the 4th quarter. Cerity Partners LLC now owns 11,567 shares of the financial services provider’s stock valued at $343,000 after buying an additional 644 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in NMI during the 4th quarter valued at approximately $1,205,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Price Performance

Shares of NMIH stock opened at $39.20 on Wednesday. NMI Holdings, Inc. has a 52-week low of $25.62 and a 52-week high of $39.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $3.15 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.98 and a beta of 1.09. The stock has a 50 day moving average price of $34.44 and a 200 day moving average price of $32.13.

NMI (NASDAQ:NMIH) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.16. NMI had a return on equity of 18.09% and a net margin of 56.26%. The firm had revenue of $162.12 million during the quarter, compared to analyst estimates of $138.49 million. During the same period last year, the company earned $0.95 EPS. NMI’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, sell-side analysts predict that NMI Holdings, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NMIH shares. Barclays raised their price target on NMI from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Truist Financial raised their price target on NMI from $36.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on NMI from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, July 8th. Compass Point raised their price objective on NMI from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, StockNews.com raised NMI from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and an average price target of $36.44.

About NMI

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.