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

JPMorgan Chase & Co. grew its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 25.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 971,863 shares of the financial services provider's stock after buying an additional 196,059 shares during the period. JPMorgan Chase & Co. owned 1.23% of NMI worth $35,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Securities Inc. increased its position in NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 286 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of NMI by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider's stock worth $547,000 after buying an additional 320 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings 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 buying an additional 376 shares during the period. Atria Investments Inc boosted its stake in shares of NMI by 5.9% in the fourth quarter. Atria Investments Inc now owns 7,572 shares of the financial services provider's stock valued at $278,000 after buying an additional 422 shares in the last quarter. Finally, Xponance Inc. raised its position in NMI by 10.3% in the fourth quarter. Xponance Inc. now owns 5,636 shares of the financial services provider's stock worth $207,000 after acquiring an additional 524 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, 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 at the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the transaction, the executive vice president now directly owns 49,218 shares of the company's stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on NMIH shares. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. UBS Group dropped their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. decreased their price target on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.14.

NMI Price Performance

NMIH stock traded up $0.71 on Friday, reaching $33.94. The company had a trading volume of 469,054 shares, compared to its average volume of 523,364. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The company's fifty day moving average is $35.48 and its 200 day moving average is $37.44. The company has a market cap of $2.66 billion, a P/E ratio of 7.66, a PEG ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 1 year low of $29.05 and a 1 year high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%. On average, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

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.