Strs Ohio Decreases Stock Holdings in NMI Holdings Inc (NASDAQ:NMIH)

Strs Ohio trimmed its position in shares of NMI Holdings Inc (NASDAQ:NMIH) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,000 shares of the financial services provider’s stock after selling 1,800 shares during the period. Strs Ohio owned approximately 0.05% of NMI worth $1,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NMIH. Bank of America Corp DE boosted its stake in shares of NMI by 297.9% in the 4th quarter. Bank of America Corp DE now owns 80,944 shares of the financial services provider’s stock valued at $1,445,000 after purchasing an additional 60,599 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of NMI in the 4th quarter valued at $197,000. Legal & General Group Plc boosted its stake in shares of NMI by 0.6% in the 4th quarter. Legal & General Group Plc now owns 140,750 shares of the financial services provider’s stock valued at $2,499,000 after purchasing an additional 796 shares during the last quarter. Millennium Management LLC boosted its stake in shares of NMI by 15.3% in the 4th quarter. Millennium Management LLC now owns 187,660 shares of the financial services provider’s stock valued at $3,350,000 after purchasing an additional 24,891 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of NMI during the 4th quarter valued at $13,216,000. 91.56% of the stock is currently owned by institutional investors and hedge funds.

NMI stock opened at $27.44 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $27.22. NMI Holdings Inc has a 12-month low of $15.62 and a 12-month high of $31.34. The firm has a market cap of $1.86 billion, a P/E ratio of 16.53 and a beta of 1.29.



NMI (NASDAQ:NMIH) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. NMI had a net margin of 41.31% and a return on equity of 19.65%. The firm had revenue of $91.18 million for the quarter, compared to the consensus estimate of $85.11 million. On average, analysts anticipate that NMI Holdings Inc will post 2.4 earnings per share for the current fiscal year.

In other NMI news, CFO Adam Pollitzer sold 4,092 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $28.05, for a total transaction of $114,780.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of NMI from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, July 26th. Compass Point reiterated a “buy” rating and set a $33.00 target price (up previously from $30.50) on shares of NMI in a research report on Thursday, May 2nd. BTIG Research set a $36.00 target price on shares of NMI and gave the company a “buy” rating in a research report on Wednesday, July 31st. B. Riley set a $30.00 target price on shares of NMI and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, SunTrust Banks assumed coverage on shares of NMI in a research report on Thursday, April 18th. They set a “buy” rating and a $34.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.63.

NMI Company Profile

NMI Holdings, Inc, through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance; reinsurance on loans; 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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