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

Citigroup Inc. grew its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) 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 period. Citigroup Inc. owned approximately 0.16% of NMI worth $5,321,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in NMI by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,081 shares of the financial services provider's stock valued at $43,829,000 after acquiring an additional 22,756 shares during the period. Intech Investment Management LLC raised its stake in shares of NMI by 50.8% during the 3rd quarter. Intech Investment Management LLC now owns 35,011 shares of the financial services provider's stock valued at $1,442,000 after purchasing an additional 11,798 shares during the period. Moran Wealth Management LLC lifted its holdings in NMI by 33.6% during the 3rd quarter. Moran Wealth Management LLC now owns 14,244 shares of the financial services provider's stock worth $587,000 after purchasing an additional 3,585 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NMI by 28.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,897 shares of the financial services provider's stock worth $2,220,000 after purchasing an additional 11,860 shares during the period. Finally, Quest Partners LLC boosted its stake in NMI by 284.9% in the 3rd quarter. Quest Partners LLC now owns 55,890 shares of the financial services provider's stock worth $2,302,000 after purchasing an additional 41,371 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NMIH has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered 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. StockNews.com lowered shares of NMI from a "buy" rating to a "hold" rating in a research report on Wednesday, August 21st. Barclays increased their price objective on NMI from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on NMI from $42.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.29.

NMI Price Performance

NMIH traded up $0.39 during trading on Monday, reaching $40.38. The stock had a trading volume of 484,187 shares, compared to its average volume of 530,299. 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 business has a 50-day moving average of $39.53 and a 200-day moving average of $37.58. NMI Holdings, Inc. has a one year low of $27.25 and a one year high of $42.49. The stock has a market cap of $3.20 billion, a PE ratio of 9.24, a PEG ratio of 0.98 and a beta of 1.13.

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.