Citigroup Inc. Purchases 63,058 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Citigroup Inc. increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 95.4% during the third quarter, according to its most recent filing with the Securities and 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. owned approximately 0.16% of NMI worth $5,321,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of NMI during the 2nd quarter valued at $29,000. Quarry LP boosted its position in shares of 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 purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC grew its position in NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 265 shares during the last quarter. USA Financial Formulas bought a new stake in shares of NMI in the 3rd quarter worth $57,000. Finally, Picton Mahoney Asset Management bought a new position in NMI during the second quarter valued at approximately $63,000. 94.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NMIH. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays boosted their target price on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada cut their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.29.

NMI Stock Down 0.1 %

Shares of NMIH opened at $39.99 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.98 and a beta of 1.13. The stock’s 50-day moving average price is $39.55 and its 200-day moving average price is $37.53. NMI Holdings, Inc. has a 52 week low of $27.25 and a 52 week high of $42.49.

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.