Chase Investment Counsel Corp Buys New Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Chase Investment Counsel Corp bought a new stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 91,363 shares of the financial services provider's stock, valued at approximately $3,763,000. Chase Investment Counsel Corp owned approximately 0.11% of NMI at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of NMI during the 2nd quarter valued at about $29,000. Quarry LP lifted its position in shares of NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after buying an additional 493 shares during the period. GAMMA Investing LLC boosted its stake 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 in the last quarter. USA Financial Formulas bought a new position in shares of NMI during the third quarter valued at $57,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of NMI in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 94.12% of the company's stock.

NMI Trading Down 1.1 %

Shares of NASDAQ NMIH traded down $0.42 during midday trading on Wednesday, hitting $38.11. The stock had a trading volume of 302,639 shares, compared to its average volume of 532,386. The firm has a market cap of $3.02 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13. NMI Holdings, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $42.49. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. The company's 50-day simple moving average is $40.14 and its 200 day simple moving average is $36.94.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NMIH shares. Barclays lifted their price target on shares of NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Truist Financial boosted their target price on NMI from $37.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. StockNews.com lowered NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. 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. Finally, Keefe, Bruyette & Woods increased their target price on NMI from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NMI has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

Insider Transactions at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the transaction, the insider now owns 153,689 shares of the company's stock, valued at $6,158,318.23. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.