NMI Holdings, Inc. (NASDAQ:NMIH) Shares Purchased by Strs Ohio

Strs Ohio increased its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) by 400.0% in the 3rd quarter, Holdings Channel reports. The firm owned 3,000 shares of the financial services provider’s stock after purchasing an additional 2,400 shares during the period. Strs Ohio’s holdings in NMI were worth $61,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in NMI during the 1st quarter valued at about $33,000. Denali Advisors LLC purchased a new stake in shares of NMI in the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC grew its stake in shares of NMI by 55.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,674 shares of the financial services provider’s stock valued at $45,000 after buying an additional 953 shares during the period. Federated Hermes Inc. grew its stake in shares of NMI by 36.9% in the 1st quarter. Federated Hermes Inc. now owns 3,112 shares of the financial services provider’s stock valued at $64,000 after buying an additional 838 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of NMI by 136.6% in the 1st quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider’s stock valued at $65,000 after buying an additional 1,833 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

NMI Trading Up 1.2 %

NASDAQ NMIH opened at $22.33 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s fifty day moving average price is $20.75 and its 200 day moving average price is $20.56. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 6.93 and a beta of 1.28. NMI Holdings, Inc. has a 12 month low of $15.33 and a 12 month high of $27.25.

NMI (NASDAQ:NMIHGet Rating) last posted its earnings results on Tuesday, November 1st. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. NMI had a net margin of 54.43% and a return on equity of 18.34%. The firm had revenue of $130.58 million for the quarter, compared to the consensus estimate of $134.44 million. On average, sell-side analysts expect that NMI Holdings, Inc. will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NMIH has been the subject of several analyst reports. BTIG Research cut shares of NMI from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research note on Tuesday, December 6th. Barclays cut shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $31.00 to $25.00 in a research report on Friday, January 6th. Credit Suisse Group reduced their target price on shares of NMI to $28.00 in a report on Thursday, October 13th. JPMorgan Chase & Co. reduced their target price on shares of NMI from $27.00 to $26.00 in a report on Tuesday, January 10th. Finally, StockNews.com began coverage on shares of NMI in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.25.

NMI Company Profile

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

See Also

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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