Chase Investment Counsel Corp Makes New $3.76 Million Investment in NMI Holdings, Inc. (NASDAQ:NMIH)

Chase Investment Counsel Corp purchased a new stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 91,363 shares of the financial services provider’s stock, valued at approximately $3,763,000. Chase Investment Counsel Corp owned approximately 0.11% of NMI as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of NMIH. Opal Wealth Advisors LLC bought a new position in shares of NMI during the 2nd quarter worth $29,000. Quarry LP increased its position in NMI by 135.1% during the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 493 shares during the period. GAMMA Investing LLC raised its holdings in shares of NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of NMI in the 3rd quarter worth approximately $57,000. Finally, Picton Mahoney Asset Management bought a new position in shares of NMI during the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Price Performance

Shares of NASDAQ NMIH opened at $38.53 on Wednesday. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49. The business’s 50 day moving average price is $40.14 and its 200 day moving average price is $36.94. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.05 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.93 and a beta of 1.13.

Insider Buying and Selling at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Barclays lifted their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Truist Financial raised their price objective on NMI from $37.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods upped their target price on NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price target on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

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.