R Squared Ltd Purchases New Position in NMI Holdings, Inc. (NASDAQ:NMIH)

R Squared Ltd purchased a new position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,510 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the last quarter. Quarry LP increased its stake in NMI by 135.1% during 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 in the last quarter. USA Financial Formulas acquired a new position in shares of NMI during the third quarter valued at approximately $57,000. KBC Group NV lifted its position in shares of NMI by 38.3% in the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 892 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 2,950 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NMI Stock Performance

NMI stock opened at $38.55 on Thursday. The firm has a 50 day simple moving average of $37.72 and a 200-day simple moving average of $38.73. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.83 and a quick ratio of 0.83. NMI Holdings, Inc. has a 1-year low of $28.73 and a 1-year high of $42.49.

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.