JPMorgan Chase & Co. Lowers Holdings in NMI Holdings Inc $NMIH

JPMorgan Chase & Co. lowered its position in NMI Holdings Inc (NASDAQ:NMIH) by 10.0% during the 3rd quarter, Holdings Channel reports. The firm owned 624,671 shares of the financial services provider’s stock after selling 69,233 shares during the quarter. JPMorgan Chase & Co.’s holdings in NMI were worth $23,950,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in NMI by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after purchasing an additional 31,570 shares in the last quarter. American Century Companies Inc. grew its position in shares of NMI by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 2,379,801 shares of the financial services provider’s stock worth $91,242,000 after buying an additional 130,002 shares in the last quarter. Van Berkom & Associates Inc. increased its stake in shares of NMI by 0.4% during the third quarter. Van Berkom & Associates Inc. now owns 1,909,630 shares of the financial services provider’s stock valued at $73,215,000 after buying an additional 7,973 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of NMI by 3.9% during the second quarter. Frontier Capital Management Co. LLC now owns 1,119,957 shares of the financial services provider’s stock valued at $47,251,000 after buying an additional 42,436 shares during the period. Finally, Barclays PLC raised its holdings in shares of NMI by 3.6% in the third quarter. Barclays PLC now owns 1,104,880 shares of the financial services provider’s stock valued at $42,361,000 after acquiring an additional 38,021 shares in the last quarter. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. UBS Group set a $43.00 price target on shares of NMI in a research report on Monday, January 12th. Barclays increased their price objective on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

NMI Price Performance

NASDAQ NMIH opened at $37.18 on Tuesday. The firm’s fifty day simple moving average is $38.68 and its two-hundred day simple moving average is $38.47. The firm has a market capitalization of $2.83 billion, a P/E ratio of 7.57, a P/E/G ratio of 1.01 and a beta of 0.63. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $180.74 million during the quarter, compared to analyst estimates of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the prior year, the business posted $1.07 EPS. Analysts forecast that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

Insider Activity at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the sale, the executive vice president directly owned 38,733 shares in the company, valued at approximately $1,545,059.37. This trade represents a 29.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley M. Shuster sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total value of $2,179,650.00. Following the completion of the sale, the chairman directly owned 415,411 shares of the company’s stock, valued at approximately $16,462,737.93. This represents a 11.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 170,459 shares of company stock valued at $6,649,852 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

NMI Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.