Strs Ohio grew its stake in NMI Holdings Inc (NASDAQ:NMIH) by 348.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,132 shares of the financial services provider’s stock after acquiring an additional 237,932 shares during the period. Strs Ohio owned 0.51% of NMI Holdings worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mutual of America Capital Management LLC raised its stake in shares of NMI Holdings by 2.8% in the third quarter. Mutual of America Capital Management LLC now owns 597,667 shares of the financial services provider’s stock worth $7,411,000 after acquiring an additional 16,350 shares during the last quarter. Navellier & Associates Inc bought a new position in shares of NMI Holdings in the second quarter worth about $447,000. California State Teachers Retirement System raised its stake in shares of NMI Holdings by 3.8% in the second quarter. California State Teachers Retirement System now owns 101,002 shares of the financial services provider’s stock worth $1,156,000 after acquiring an additional 3,700 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of NMI Holdings by 16.5% in the second quarter. The Manufacturers Life Insurance Company now owns 46,614 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 6,612 shares during the last quarter. Finally, State Street Corp raised its stake in shares of NMI Holdings by 6.3% in the second quarter. State Street Corp now owns 966,458 shares of the financial services provider’s stock worth $11,069,000 after acquiring an additional 56,882 shares during the last quarter. 85.50% of the stock is owned by institutional investors.

Shares of NMI Holdings Inc (NMIH) opened at 14.525 on Tuesday. The company has a market capitalization of $869.50 million, a P/E ratio of 11.555 and a beta of 0.69. NMI Holdings Inc has a 1-year low of $7.55 and a 1-year high of $14.85. The company’s 50 day moving average is $12.67 and its 200-day moving average is $11.68.

NMI Holdings (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. NMI Holdings had a net margin of 52.34% and a return on equity of 5.95%. The company had revenue of $42.20 million for the quarter, compared to the consensus estimate of $41.13 million. During the same period last year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 43.1% compared to the same quarter last year. On average, equities research analysts forecast that NMI Holdings Inc will post $0.51 EPS for the current year.

In related news, CEO Bradley M. Shuster sold 30,000 shares of NMI Holdings stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.77, for a total transaction of $353,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William J. Leatherberry bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $10.65 per share, for a total transaction of $53,250.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 149,227 shares of company stock worth $1,760,571. 5.40% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on NMIH. Deutsche Bank AG set a $16.00 target price on shares of NMI Holdings and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of NMI Holdings from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Saturday, October 14th. Compass Point reaffirmed a “neutral” rating and issued a $13.00 target price on shares of NMI Holdings in a research note on Saturday, October 14th. Singular Research began coverage on shares of NMI Holdings in a research note on Monday, October 16th. They issued a “buy” rating and a $16.00 target price for the company. Finally, BidaskClub raised shares of NMI Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.00.

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NMI Holdings Profile

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).

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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