Zacks Investment Research downgraded shares of NMI Holdings Inc. (NASDAQ:NMIH) from a strong-buy rating to a hold rating in a research note released on Wednesday.

According to Zacks, “NMI Holdings, Inc., through its subsidiaries, provides private mortgage insurance in the United States. NMI Holdings, Inc. is based in Emeryville, California. “

A number of other analysts also recently weighed in on the stock. TheStreet raised shares of NMI Holdings from a sell rating to a hold rating in a research report on Friday, August 12th. FBR & Co reissued a buy rating and set a $9.00 price objective on shares of NMI Holdings in a research report on Thursday, August 4th. Keefe, Bruyette & Woods set a $8.50 price objective on shares of NMI Holdings and gave the company a buy rating in a research report on Wednesday, August 3rd. Finally, BTIG Research reissued a buy rating and set a $10.00 price objective on shares of NMI Holdings in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. NMI Holdings has an average rating of Buy and an average target price of $9.80.

NMI Holdings (NASDAQ:NMIH) remained flat at $8.80 on Wednesday. 229,158 shares of the stock traded hands. The firm’s market capitalization is $520.41 million. NMI Holdings has a 12 month low of $4.19 and a 12 month high of $9.10. The firm has a 50 day moving average price of $8.24 and a 200 day moving average price of $7.01.

In other NMI Holdings news, Director James Ozanne acquired 5,000 shares of the stock in a transaction dated Friday, August 26th. The shares were purchased at an average price of $7.92 per share, for a total transaction of $39,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.90% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of NMIH. Nationwide Fund Advisors boosted its position in shares of NMI Holdings by 12.8% in the second quarter. Nationwide Fund Advisors now owns 135,133 shares of the company’s stock valued at $741,000 after buying an additional 15,300 shares during the period. JPMorgan Chase & Co. boosted its position in shares of NMI Holdings by 3.8% in the second quarter. JPMorgan Chase & Co. now owns 252,070 shares of the company’s stock valued at $1,381,000 after buying an additional 9,320 shares during the period. Royce & Associates LP boosted its position in shares of NMI Holdings by 1,746.0% in the second quarter. Royce & Associates LP now owns 303,674 shares of the company’s stock valued at $1,664,000 after buying an additional 287,224 shares during the period. Oxford Asset Management acquired a new position in shares of NMI Holdings during the second quarter valued at $674,000. Finally, Airain ltd acquired a new position in shares of NMI Holdings during the second quarter valued at $210,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.

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NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)).

5 Day Chart for NASDAQ:NMIH

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