NMI Holdings Inc. (NASDAQ:NMIH) traded down 0.9% during trading on Monday . The company traded as low as $7.99 and last traded at $8.04, with a volume of 158,897 shares. The stock had previously closed at $8.11.

A number of equities research analysts have recently commented on the stock. TheStreet upgraded shares of NMI Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Zacks Investment Research upgraded shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $8.00 price target for the company in a report on Saturday, August 6th. FBR & Co reiterated a “buy” rating and set a $9.00 price target on shares of NMI Holdings in a report on Thursday, August 4th. Keefe, Bruyette & Woods set a $8.50 price target on shares of NMI Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, BTIG Research reissued a “buy” rating and issued a $10.00 target price 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.40.

The stock has a 50 day moving average of $6.63 and a 200-day moving average of $5.75. The company’s market cap is $475.98 million.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company earned $29.50 million during the quarter, compared to analyst estimates of $24.79 million. Equities analysts anticipate that NMI Holdings Inc. will post $0.15 EPS for the current fiscal year.

In other NMI Holdings news, Director James G. Jones purchased 20,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was bought at an average cost of $5.45 per share, with a total value of $109,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Ozanne purchased 5,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $6.78 per share, with a total value of $33,900.00. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in NMI Holdings stock. Dimensional Fund Advisors LP raised its position in shares of NMI Holdings Inc. (NASDAQ:NMIH) by 62.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 1.04% of NMI Holdings worth $4,144,000 as of its most recent filing with the SEC.

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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