Strs Ohio reduced its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 83.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,800 shares of the financial services provider’s stock after selling 256,332 shares during the period. Strs Ohio owned about 0.08% of NMI worth $846,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Quantum Capital Management bought a new stake in NMI during the 3rd quarter valued at approximately $931,000. Sterling Capital Management LLC lifted its position in shares of NMI by 31.8% during the 3rd quarter. Sterling Capital Management LLC now owns 33,100 shares of the financial services provider’s stock worth $410,000 after buying an additional 7,987 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of NMI by 11.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 260,892 shares of the financial services provider’s stock worth $3,236,000 after buying an additional 27,476 shares during the period. State Street Corp lifted its position in shares of NMI by 6.3% during the 2nd quarter. State Street Corp now owns 966,458 shares of the financial services provider’s stock worth $11,069,000 after buying an additional 56,882 shares during the period. Finally, FMR LLC lifted its position in shares of NMI by 7.8% during the 2nd quarter. FMR LLC now owns 2,488,937 shares of the financial services provider’s stock worth $28,499,000 after buying an additional 180,126 shares during the period. 84.21% of the stock is owned by hedge funds and other institutional investors.
NMIH has been the subject of a number of analyst reports. Deutsche Bank set a $16.00 price objective on NMI and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Compass Point lifted their price objective on NMI from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.50 target price on shares of NMI in a report on Friday, November 3rd. BTIG Research reaffirmed a “buy” rating and issued a $17.00 target price on shares of NMI in a research report on Sunday, November 5th. Finally, B. Riley reaffirmed a “buy” rating on shares of NMI in a research report on Monday, November 6th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. NMI has a consensus rating of “Buy” and an average target price of $20.25.
NMI Holdings Inc (NASDAQ:NMIH) traded up $0.60 during midday trading on Thursday, reaching $19.10. The company had a trading volume of 367,100 shares, compared to its average volume of 491,023. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. NMI Holdings Inc has a 1-year low of $10.10 and a 1-year high of $20.38. The firm has a market capitalization of $1,110.61, a P/E ratio of 13.64 and a beta of 0.88.
In other NMI news, EVP Patrick L. Mathis sold 10,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $16.99, for a total transaction of $169,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Claudia J. Merkle sold 15,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $17.80, for a total value of $267,000.00. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).
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