R Squared Ltd Buys Shares of 5,510 NMI Holdings, Inc. (NASDAQ:NMIH)

R Squared Ltd bought a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,510 shares of the financial services provider’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. KBC Group NV lifted its stake in NMI by 38.3% during the 4th quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 892 shares in the last quarter. Inspire Investing LLC increased its stake in NMI by 9.5% during the fourth quarter. Inspire Investing LLC now owns 10,901 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 948 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of NMI by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 320 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of NMI by 8.5% in the fourth quarter. Dakota Wealth Management now owns 11,516 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 899 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of NMI by 6.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 168,816 shares of the financial services provider’s stock valued at $6,206,000 after purchasing an additional 10,203 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NMIH has been the subject of several recent research reports. JPMorgan Chase & Co. decreased 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. Royal Bank of Canada decreased their target price on NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on NMI from $44.00 to $43.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.00.

NMI Trading Down 1.1 %

NASDAQ:NMIH opened at $38.55 on Thursday. NMI Holdings, Inc. has a 1 year low of $28.73 and a 1 year high of $42.49. The stock has a market cap of $3.05 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.89 and a beta of 1.12. 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 50-day simple moving average of $37.72 and a 200-day simple moving average of $38.73.

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.