Financial Strategies Group Inc. Increases Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Financial Strategies Group Inc. raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 29.5% during the fourth quarter, Holdings Channel reports. The firm owned 15,171 shares of the financial services provider’s stock after buying an additional 3,460 shares during the quarter. Financial Strategies Group Inc.’s holdings in NMI were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NMIH. Jane Street Group LLC grew its stake in shares of NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider’s stock worth $5,733,000 after acquiring an additional 54,391 shares in the last quarter. Algert Global LLC grew its stake in shares of NMI by 88.9% during the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock worth $5,855,000 after purchasing an additional 66,880 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after purchasing an additional 24,838 shares in the last quarter. Citigroup Inc. grew its stake in shares of NMI by 95.4% during the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock worth $5,321,000 after purchasing an additional 63,058 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of NMI by 53.3% during the third quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock worth $4,623,000 after purchasing an additional 39,012 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Price Performance

Shares of NASDAQ:NMIH opened at $38.62 on Monday. The company has a 50-day simple moving average of $37.73 and a 200-day simple moving average of $38.76. NMI Holdings, Inc. has a one year low of $28.73 and a one year high of $42.49. 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 has a market capitalization of $3.06 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.91 and a beta of 1.12.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NMIH shares. Royal Bank of Canada reduced their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Keefe, Bruyette & Woods reduced their price target on shares of NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $41.00 in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

NMI Company Profile

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.