Jane Street Group LLC Buys 54,391 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Jane Street Group LLC boosted its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,173 shares of the financial services provider's stock after buying an additional 54,391 shares during the period. Jane Street Group LLC owned approximately 0.18% of NMI worth $5,733,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock valued at $29,000 after buying an additional 493 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider's stock worth $30,000 after acquiring an additional 265 shares during the last quarter. USA Financial Formulas bought a new stake in shares of NMI in the 3rd quarter worth $57,000. Picton Mahoney Asset Management bought a new stake in shares of NMI in the 2nd quarter worth $63,000. Finally, CWM LLC raised its holdings in shares of NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,431 shares during the last quarter. 94.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. reduced their target price on NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, December 9th. 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. Keefe, Bruyette & Woods boosted their price objective on NMI from $43.00 to $44.00 and gave the stock a "market perform" rating in a research report on Tuesday, December 10th. Finally, Barclays raised their target price on NMI from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NMI has a consensus rating of "Moderate Buy" and a consensus target price of $43.14.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $0.11 during trading on Monday, reaching $38.08. 358,773 shares of the stock traded hands, compared to its average volume of 526,992. The company has a 50-day moving average of $39.11 and a 200-day moving average of $37.94. NMI Holdings, Inc. has a 52-week low of $28.42 and a 52-week high of $42.49. The stock has a market capitalization of $3.01 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83.

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.