Strs Ohio Acquires Shares of 27,000 NMI Holdings Inc $NMIH

Strs Ohio acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,000 shares of the financial services provider’s stock, valued at approximately $973,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Xponance Inc. raised its holdings in NMI by 5.0% in the first quarter. Xponance Inc. now owns 5,917 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 281 shares during the period. Covestor Ltd raised its holdings in NMI by 15.7% in the first quarter. Covestor Ltd now owns 2,190 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in NMI by 5.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,051 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 325 shares during the period. Cetera Investment Advisers raised its holdings in NMI by 5.7% in the first quarter. Cetera Investment Advisers now owns 6,347 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 341 shares during the period. Finally, Hohimer Wealth Management LLC raised its holdings in NMI by 5.6% in the first quarter. Hohimer Wealth Management LLC now owns 6,493 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 344 shares during the period. 94.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NMIH shares. Keefe, Bruyette & Woods lowered shares of NMI from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $42.00 to $43.00 in a report on Monday, July 7th. Barclays increased their target price on shares of NMI from $41.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of NMI from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. JPMorgan Chase & Co. raised their price objective on shares of NMI from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Compass Point restated a “buy” rating and set a $37.00 price objective (up from $34.00) on shares of NMI in a report on Friday, May 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.33.

NMI Stock Performance

Shares of NMIH opened at $39.39 on Friday. The firm has a 50-day moving average of $38.83 and a 200-day moving average of $37.88. NMI Holdings Inc has a one year low of $31.90 and a one year high of $43.20. The company has a market cap of $3.06 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. NMI had a net margin of 55.57% and a return on equity of 16.51%. The company had revenue of $149.07 million during the quarter, compared to the consensus estimate of $173.39 million. During the same quarter last year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts forecast that NMI Holdings Inc will post 4.62 earnings per share for the current year.

Insider Activity at NMI

In related news, Director Steven Scheid sold 19,926 shares of NMI stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $39.31, for a total transaction of $783,291.06. Following the completion of the sale, the director owned 78,960 shares of the company’s stock, valued at approximately $3,103,917.60. The trade was a 20.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.