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

Jane Street Group LLC lifted its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 64.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,173 shares of the financial services provider’s stock after purchasing an additional 54,391 shares during the period. Jane Street Group LLC owned about 0.18% of NMI worth $5,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NMIH. Quarry LP grew its stake in 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 acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the last quarter. USA Financial Formulas bought a new stake in shares of NMI in the third quarter worth about $57,000. Picton Mahoney Asset Management purchased a new stake in shares of NMI in the second quarter worth about $63,000. Finally, CWM LLC grew its holdings in NMI by 92.7% during the 2nd quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,431 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NMIH shares. Royal Bank of Canada decreased their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. Barclays lifted their price target on NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price objective on NMI from $43.00 to $44.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, NMI has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

NMI Trading Down 0.7 %

NMIH opened at $37.97 on Monday. 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 stock’s 50 day moving average price is $39.11 and its 200-day moving average price is $37.94. NMI Holdings, Inc. has a one year low of $28.42 and a one year high of $42.49. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.94 and a beta of 1.10.

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.