Citigroup Inc. Raises Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Citigroup Inc. grew its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 95.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,180 shares of the financial services provider’s stock after purchasing an additional 63,058 shares during the quarter. Citigroup Inc.’s holdings in NMI were worth $5,321,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NMIH. Price T Rowe Associates Inc. MD boosted its holdings in NMI by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,639 shares of the financial services provider’s stock worth $1,865,000 after buying an additional 3,057 shares during the last quarter. CWM LLC boosted its stake in shares of NMI by 92.7% in the second quarter. CWM LLC now owns 2,974 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 1,431 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the second quarter worth approximately $29,000. Diversified Trust Co raised its stake in NMI by 6.7% in the 2nd quarter. Diversified Trust Co now owns 27,762 shares of the financial services provider’s stock valued at $945,000 after purchasing an additional 1,733 shares during the last quarter. Finally, Financial Strategies Group Inc. lifted its holdings in NMI by 77.1% in the 2nd quarter. Financial Strategies Group Inc. now owns 11,516 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 5,013 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several research reports. Barclays raised their price target on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada reduced their price objective on NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

NMI Stock Down 0.1 %

NMIH stock opened at $39.99 on Monday. The firm has a market cap of $3.16 billion, a PE ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13. NMI Holdings, Inc. has a one year low of $27.25 and a one year high of $42.49. The firm’s 50 day moving average price is $39.55 and its 200-day moving average price is $37.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

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.