NMI Holdings Inc. (NASDAQ:NMIH) shares were up 1.8% during trading on Friday . The stock traded as high as $8.03 and last traded at $8.00, with a volume of 304,400 shares traded. The stock had previously closed at $7.86.

A number of brokerages have issued reports on NMIH. TheStreet upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 12th. Zacks Investment Research lowered shares of NMI Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. BTIG Research restated a “buy” rating and set a $10.00 price target on shares of NMI Holdings in a research note on Tuesday, August 2nd. FBR & Co restated a “buy” rating and set a $9.00 price target on shares of NMI Holdings in a research note on Thursday, August 4th. Finally, Keefe, Bruyette & Woods set a $8.50 price target on shares of NMI Holdings and gave the company a “buy” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.40.

The firm’s market cap is $479.53 million. The company’s 50 day moving average is $6.63 and its 200-day moving average is $5.75.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business earned $29.50 million during the quarter, compared to analysts’ expectations of $24.79 million. On average, analysts predict that NMI Holdings Inc. will post $0.15 earnings per share for the current fiscal year.

In other NMI Holdings news, Director James G. Jones acquired 20,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of $5.45 per share, with a total value of $109,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William J. Leatherberry acquired 7,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was acquired at an average cost of $5.34 per share, with a total value of $37,380.00. Following the purchase, the executive vice president now owns 134,725 shares of the company’s stock, valued at approximately $719,431.50. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in NMI Holdings stock. Dimensional Fund Advisors LP raised its stake in shares of NMI Holdings Inc. (NASDAQ:NMIH) by 62.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 612,183 shares of the company’s stock after buying an additional 235,069 shares during the period. Dimensional Fund Advisors LP owned 1.04% of NMI Holdings worth $4,144,000 at the end of the most recent reporting period.

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)).

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