JPMorgan Chase & Co. Purchases 196,059 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

JPMorgan Chase & Co. increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 25.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 971,863 shares of the financial services provider’s stock after acquiring an additional 196,059 shares during the period. JPMorgan Chase & Co. owned about 1.23% of NMI worth $35,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NMIH. Principal Securities Inc. lifted its position in shares of NMI by 66.5% during the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in NMI by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 320 shares during the last quarter. Tealwood Asset Management Inc. increased its stake in shares of NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 376 shares during the last quarter. Atria Investments Inc boosted its stake in NMI by 5.9% during the 4th quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 422 shares during the last quarter. Finally, Xponance Inc. grew its holdings in NMI by 10.3% during the fourth quarter. Xponance Inc. now owns 5,636 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 524 shares during the period. Institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. UBS Group reduced their target price on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Barclays lowered NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Performance

Shares of NMIH stock opened at $32.79 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. The company has a fifty day moving average price of $36.08 and a two-hundred day moving average price of $37.70. The stock has a market cap of $2.57 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49.

NMI (NASDAQ:NMIH) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. As a group, equities analysts predict that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insider Buying and Selling

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total transaction of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

NMI 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.