NMI Holdings Inc $NMIH Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in NMI Holdings Inc (NASDAQ:NMIH) by 10.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 624,671 shares of the financial services provider’s stock after selling 69,233 shares during the period. JPMorgan Chase & Co.’s holdings in NMI were worth $23,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NMIH. Walleye Capital LLC acquired a new position in shares of NMI in the 2nd quarter valued at $13,245,000. BNP Paribas Financial Markets grew its position in NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after purchasing an additional 277,065 shares during the last quarter. Cerity Partners LLC grew its position in NMI by 690.4% during the 2nd quarter. Cerity Partners LLC now owns 243,989 shares of the financial services provider’s stock worth $10,294,000 after purchasing an additional 213,120 shares during the last quarter. Jane Street Group LLC increased its stake in NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of NMI by 62.6% in the second quarter. Cubist Systematic Strategies LLC now owns 424,127 shares of the financial services provider’s stock valued at $17,894,000 after buying an additional 163,364 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NMI

In other NMI news, Chairman Bradley M. Shuster sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the transaction, the chairman directly owned 415,411 shares in the company, valued at approximately $16,462,737.93. This represents a 11.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 22,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the transaction, the executive vice president directly owned 32,445 shares of the company’s stock, valued at approximately $1,295,853.30. This trade represents a 40.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,057 shares of company stock valued at $4,495,886 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

NMI Stock Performance

NASDAQ NMIH opened at $39.31 on Monday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.09 and a beta of 0.63. The business’s 50 day moving average is $39.64 and its two-hundred day moving average is $38.65. NMI Holdings Inc has a 12-month low of $31.90 and a 12-month high of $43.20. 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 (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same period in the previous year, the business earned $1.07 earnings per share. Research analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

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.