NMI Holdings Inc $NMIH Shares Sold by Strs Ohio

Strs Ohio cut its holdings in shares of NMI Holdings Inc (NASDAQ:NMIH) by 94.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the financial services provider’s stock after selling 14,300 shares during the quarter. Strs Ohio’s holdings in NMI were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NMIH. Allworth Financial LP boosted its holdings in NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 437 shares during the last quarter. Maseco LLP acquired a new position in NMI in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC boosted its holdings in NMI by 161.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in NMI by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,572 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 289 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in NMI by 1,308.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,915 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,779 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NMIH. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Barclays decreased their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

NMI Price Performance

NMI stock opened at $37.08 on Thursday. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $43.20. The company’s 50 day simple moving average is $38.44 and its 200-day simple moving average is $38.70. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 1.15 and a beta of 0.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $153.99 million. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that NMI Holdings Inc will post 5.15 earnings per share for the current year.

Insider Activity

In related news, Chairman Bradley M. Shuster sold 55,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total transaction of $2,179,650.00. Following the completion of the sale, the chairman owned 415,411 shares in the company, valued at $16,462,737.93. This represents a 11.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total transaction of $638,240.00. Following the sale, the executive vice president owned 38,733 shares of the company’s stock, valued at approximately $1,545,059.37. This represents a 29.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 189,412 shares of company stock worth $7,357,746. Corporate insiders own 2.44% of the company’s stock.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.