Strs Ohio Boosts Stock Position in NMI Holdings, Inc. (NASDAQ:NMIH)

Strs Ohio raised its stake in NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) by 400.0% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NMIH. Point72 Hong Kong Ltd acquired a new stake in NMI in the first quarter valued at about $33,000. Denali Advisors LLC acquired a new stake in NMI during the second quarter worth approximately $30,000. Harbor Investment Advisory LLC boosted its holdings 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 purchasing an additional 953 shares during the last quarter. Federated Hermes Inc. boosted its holdings 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 purchasing an additional 838 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of NMI by 136.6% during the 1st quarter. Captrust Financial Advisors now owns 3,175 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 1,833 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

NMI Price Performance

NMIH opened at $22.33 on Monday. The company has a 50-day moving average of $20.75 and a 200-day moving average of $20.56. The company has a market capitalization of $1.87 billion, a P/E ratio of 6.93 and a beta of 1.28. NMI Holdings, Inc. has a 1-year low of $15.33 and a 1-year high of $27.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.75 and a current ratio of 0.75.

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

Analyst Ratings Changes

Several research firms recently weighed in on NMIH. Citigroup lifted their target price on shares of NMI from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 3rd. Credit Suisse Group reduced their target price on shares of NMI to $28.00 in a report on Thursday, October 13th. BTIG Research lowered shares of NMI from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a report on Tuesday, December 6th. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $25.00 to $23.00 in a report on Sunday, October 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NMI from $27.00 to $26.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, NMI presently has an average rating of “Hold” and a consensus target price of $25.25.

NMI Company Profile

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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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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