JPMorgan Chase & Co. Buys 24,838 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

JPMorgan Chase & Co. grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 775,804 shares of the financial services provider’s stock after acquiring an additional 24,838 shares during the quarter. JPMorgan Chase & Co. owned 0.98% of NMI worth $31,955,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NMIH. Natixis Advisors LLC raised its holdings in NMI by 4.8% in the second quarter. Natixis Advisors LLC now owns 33,600 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 1,527 shares during the last quarter. TD Asset Management Inc increased its position in shares of NMI by 5.6% during the second quarter. TD Asset Management Inc now owns 94,200 shares of the financial services provider’s stock valued at $3,207,000 after acquiring an additional 5,000 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in NMI in the 2nd quarter worth approximately $205,000. Ashton Thomas Private Wealth LLC bought a new position in NMI in the 2nd quarter valued at approximately $175,000. Finally, Van Berkom & Associates Inc. boosted its stake in NMI by 2.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock valued at $83,457,000 after purchasing an additional 51,194 shares during the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $35.62 on Tuesday. The firm’s 50 day moving average price is $37.99 and its 200-day moving average price is $38.40. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.82 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.12. NMI Holdings, Inc. has a twelve month low of $28.67 and a twelve month high of $42.49.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NMIH. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $48.00 to $41.00 in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $42.14.

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.