NMI Holdings Inc. (NASDAQ:NMIH) shot up 1.8% during trading on Monday . The company traded as high as $6.25 and last traded at $6.17, with a volume of 149,717 shares changing hands. The stock had previously closed at $6.06.

A number of brokerages recently commented on NMIH. Zacks Investment Research downgraded shares of NMI Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. FBR & Co restated a “buy” rating on shares of NMI Holdings in a research report on Tuesday, May 10th. BTIG Research restated a “buy” rating and issued a $10.00 price objective on shares of NMI Holdings in a research report on Thursday, May 19th. Finally, Zelman & Associates upgraded shares of NMI Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. NMI Holdings currently has an average rating of “Buy” and an average price target of $8.30.

The company’s market capitalization is $368.66 million. The stock’s 50-day moving average price is $5.69 and its 200 day moving average price is $5.48.

In other news, insider John Brandon Osmon sold 2,062,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $6.30, for a total value of $12,995,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James G. Jones acquired 20,000 shares of the stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $5.45 per share, with a total value of $109,000.00. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in NMI Holdings stock. Dimensional Fund Advisors LP increased its stake in shares of NMI Holdings Inc. (NASDAQ:NMIH) by 62.3% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 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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