Financial Strategies Group Inc. Buys 3,460 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Financial Strategies Group Inc. grew its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,171 shares of the financial services provider’s stock after purchasing an additional 3,460 shares during the period. Financial Strategies Group Inc.’s holdings in NMI were worth $529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NMIH. GAMMA Investing LLC boosted its holdings in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after buying an additional 265 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in NMI by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 14,883 shares of the financial services provider’s stock worth $547,000 after buying an additional 320 shares during the last quarter. Tealwood Asset Management Inc. boosted its holdings in NMI by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 32,192 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 376 shares during the last quarter. Quarry LP boosted its holdings in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after buying an additional 493 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in NMI by 2.9% in the 3rd quarter. Diversified Trust Co now owns 28,567 shares of the financial services provider’s stock worth $1,177,000 after buying an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NMIH. Barclays cut NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.00.

NMI Stock Down 1.3 %

NMIH stock opened at $38.62 on Monday. The firm has a market cap of $3.06 billion, a PE ratio of 8.84, a PEG ratio of 0.91 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 firm’s 50 day moving average price is $37.73 and its 200-day moving average price is $38.76. NMI Holdings, Inc. has a one year low of $28.73 and a one year high of $42.49.

NMI 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.