share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

State of Alaska Department of Revenue Buys 5,220 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Defense World ·  09/28 17:41

State of Alaska Department of Revenue grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,040 shares of the financial services provider's stock after purchasing an additional 5,220 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of NMI worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its position in NMI by 1.3% during the 1st quarter. BlackRock Inc. now owns 13,781,315 shares of the financial services provider's stock valued at $284,172,000 after acquiring an additional 182,001 shares in the last quarter. Vanguard Group Inc. grew its stake in NMI by 2.7% in the first quarter. Vanguard Group Inc. now owns 5,845,369 shares of the financial services provider's stock worth $120,532,000 after purchasing an additional 153,564 shares during the period. State Street Corp raised its holdings in NMI by 15.8% in the first quarter. State Street Corp now owns 4,053,585 shares of the financial services provider's stock worth $83,585,000 after purchasing an additional 551,924 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in NMI by 27.8% during the first quarter. Frontier Capital Management Co. LLC now owns 2,696,215 shares of the financial services provider's stock valued at $55,596,000 after buying an additional 586,011 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NMI by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,693,347 shares of the financial services provider's stock valued at $55,538,000 after buying an additional 152,405 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company's stock.

Get NMI alerts:

Insider Activity at NMI

In other NMI news, Director Michael Curry Montgomery sold 19,630 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $20.30, for a total value of $398,489.00. Following the transaction, the director now directly owns 58,607 shares of the company's stock, valued at $1,189,722.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NMIH shares. BTIG Research increased their price target on shares of NMI to $28.00 in a research note on Tuesday, August 9th. StockNews.com upgraded shares of NMI from a "hold" rating to a "buy" rating in a report on Friday, August 12th. TheStreet raised NMI from a "c+" rating to a "b-" rating in a research report on Monday, August 29th. Royal Bank of Canada downgraded shares of NMI from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $27.00 to $20.00 in a research report on Thursday, June 23rd. Finally, Compass Point lowered their price objective on NMI to $30.00 in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NMI has an average rating of "Moderate Buy" and an average target price of $29.56.

NMI Stock Up 1.5 %

NMIH opened at $19.82 on Wednesday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.58 and a beta of 1.45. The firm has a 50 day moving average price of $20.50 and a 200-day moving average price of $19.20. NMI Holdings, Inc. has a twelve month low of $15.33 and a twelve month high of $27.25. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.26.

NMI (NASDAQ:NMIH – Get Rating) last posted its earnings results on Tuesday, August 2nd. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $132.22 million during the quarter, compared to the consensus estimate of $130.52 million. NMI had a net margin of 51.86% and a return on equity of 17.40%. Equities research analysts forecast that NMI Holdings, Inc. will post 3.33 earnings per share for the current year.

About NMI

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

Featured Articles

  • Get a free copy of the StockNews.com research report on NMI (NMIH)
  • Defensive Stocks For A Volatile Market
  • SunPower Is Ready To Power Up Triple-Digit Earnings Gains
  • Will UPS Be Next to Deliver a Warning?
  • Is This the Darkest Before the Dawn for Gap Stock?
  • Build A Better Tech Portfolio With Jabil Inc.

Want to see what other hedge funds are holding NMIH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NMI Holdings, Inc. (NASDAQ:NMIH – Get Rating).

Receive News & Ratings for NMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NMI and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.