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NMI Holdings, Inc. (NASDAQ:NMIH) Shares Bought by Charles Schwab Investment Management Inc.

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Charles Schwab Investment Management Inc. raised its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,064,081 shares of the financial services provider's stock after acquiring an additional 22,756 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.34% of NMI worth $43,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NMIH. Intech Investment Management LLC lifted its holdings in shares of NMI by 50.8% during the third quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider's stock worth $1,442,000 after purchasing an additional 11,798 shares during the period. Moran Wealth Management LLC lifted its stake in shares of NMI by 33.6% in the 3rd quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider's stock worth $587,000 after acquiring an additional 3,585 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NMI by 28.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,897 shares of the financial services provider's stock valued at $2,220,000 after acquiring an additional 11,860 shares in the last quarter. Quest Partners LLC increased its stake in shares of NMI by 284.9% during the third quarter. Quest Partners LLC now owns 55,890 shares of the financial services provider's stock worth $2,302,000 after acquiring an additional 41,371 shares during the period. Finally, Chase Investment Counsel Corp purchased a new position in NMI during the third quarter worth about $3,763,000. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Price Performance

NASDAQ NMIH traded up $0.39 during trading hours on Monday, reaching $40.38. The company's stock had a trading volume of 484,187 shares, compared to its average volume of 530,299. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $3.20 billion, a PE ratio of 9.24, a PEG ratio of 0.98 and a beta of 1.13. The company's 50-day moving average is $39.53 and its two-hundred day moving average is $37.58. NMI Holdings, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $42.49.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on NMI from $42.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, October 7th. Royal Bank of Canada cut their price objective on NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. Barclays boosted their target price on shares of NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.29.

View Our Latest Analysis on NMI

About NMI

(Free Report)

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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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