Charles Schwab Investment Management Inc. Buys 22,756 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Charles Schwab Investment Management Inc. grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,064,081 shares of the financial services provider’s stock after purchasing an additional 22,756 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.34% of NMI worth $43,829,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NMIH. GAMMA Investing LLC raised its position in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after buying an additional 265 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of NMI in the second quarter valued at about $29,000. Quarry LP raised its holdings in shares of NMI by 135.1% in the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the last quarter. USA Financial Formulas bought a new position in shares of NMI during the third quarter valued at about $57,000. Finally, Picton Mahoney Asset Management purchased a new position in NMI during the second quarter worth about $63,000. Institutional investors own 94.12% of the company’s stock.

NMI Stock Down 0.1 %

Shares of NASDAQ NMIH opened at $39.99 on Monday. The business’s fifty day moving average price is $39.55 and its 200-day moving average price is $37.53. NMI Holdings, Inc. has a one year low of $27.25 and a one year high of $42.49. The stock has a market capitalization of $3.16 billion, a PE ratio of 9.15, a P/E/G ratio of 0.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

Wall Street Analyst Weigh In

NMIH has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada dropped their price target on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Barclays upped their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

NMI Company 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.