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

Strs Ohio trimmed its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,200 shares of the financial services provider’s stock after selling 1,100 shares during the period. Strs Ohio’s holdings in NMI were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in NMI in the 3rd quarter worth $1,042,000. Denali Advisors LLC lifted its holdings in NMI by 124.4% in the 3rd quarter. Denali Advisors LLC now owns 19,300 shares of the financial services provider’s stock worth $523,000 after buying an additional 10,700 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NMI in the 3rd quarter worth $1,168,000. Raymond James & Associates lifted its holdings in NMI by 4.5% in the 3rd quarter. Raymond James & Associates now owns 120,880 shares of the financial services provider’s stock worth $3,275,000 after buying an additional 5,212 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of NMI by 15.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,029 shares of the financial services provider’s stock valued at $488,000 after purchasing an additional 2,447 shares in the last quarter. 94.12% of the stock is owned by hedge funds and other institutional investors.

NMI Trading Up 1.0 %

NMI stock opened at $30.79 on Wednesday. The firm has a 50 day simple moving average of $30.25 and a 200-day simple moving average of $29.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $2.48 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. NMI Holdings, Inc. has a 12-month low of $22.22 and a 12-month high of $32.50.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. The business had revenue of $151.38 million during the quarter, compared to analysts’ expectations of $131.70 million. NMI had a net margin of 55.63% and a return on equity of 17.97%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. As a group, equities research analysts expect that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their target price on shares of NMI from $31.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Truist Financial upped their target price on shares of NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on shares of NMI from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, NMI presently has an average rating of “Moderate Buy” and a consensus price target of $34.44.

Insider Activity at NMI

In related news, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Robert Owen Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the sale, the executive vice president now directly owns 82,612 shares of the company’s stock, valued at $2,576,668.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Bradley M. Shuster sold 6,559 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $29.81, for a total transaction of $195,523.79. Following the completion of the sale, the chairman now owns 453,298 shares of the company’s stock, valued at approximately $13,512,813.38. The disclosure for this sale can be found here. Insiders sold a total of 145,158 shares of company stock valued at $4,395,582 over the last ninety days. Insiders own 2.40% of the company’s stock.

NMI Company Profile

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.