NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 775,804 shares of the financial services provider's stock after purchasing an additional 24,838 shares during the quarter. JPMorgan Chase & Co. owned 0.98% of NMI worth $31,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 265 shares in the last quarter. Quarry LP increased its position in NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider's stock worth $29,000 after buying an additional 493 shares in the last quarter. USA Financial Formulas acquired a new position in shares of NMI in the third quarter worth $57,000. Farther Finance Advisors LLC lifted its position in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after acquiring an additional 2,950 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of NMI by 32.3% during the third quarter. CWM LLC now owns 3,936 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 962 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $43.00 to $44.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price objective on shares of NMI from $48.00 to $47.00 and set an "outperform" rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. Finally, Barclays downgraded 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.14.

NMI Stock Up 0.5 %

NMI stock traded up $0.19 during trading on Tuesday, reaching $35.81. 559,500 shares of the company's stock were exchanged, compared to its average volume of 464,100. NMI Holdings, Inc. has a 52-week low of $28.67 and a 52-week high of $42.49. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.92 and a beta of 1.12. 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 company's 50-day moving average is $37.99 and its two-hundred day moving average is $38.40.

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.