NMI Holdings, Inc. (NASDAQ:NMIH) Stock Position Lowered by Arizona State Retirement System

Arizona State Retirement System reduced its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,852 shares of the financial services provider’s stock after selling 674 shares during the quarter. Arizona State Retirement System’s holdings in NMI were worth $649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NMIH. Quarry LP acquired a new position in shares of NMI during the second quarter worth approximately $34,000. Point72 Hong Kong Ltd bought a new position in NMI in the first quarter worth $33,000. Point72 Asset Management L.P. acquired a new stake in NMI during the second quarter worth $48,000. Public Employees Retirement System of Ohio increased its holdings in NMI by 45.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,013 shares of the financial services provider’s stock valued at $41,000 after buying an additional 627 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of NMI by 160.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,034 shares of the financial services provider’s stock valued at $45,000 after buying an additional 1,252 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

NMI Stock Up 0.3 %

Shares of NMIH opened at $29.59 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.10 and a beta of 1.06. NMI Holdings, Inc. has a 52 week low of $22.22 and a 52 week high of $32.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.73 and a current ratio of 0.73. The business’s fifty day moving average price is $30.24 and its two-hundred day moving average price is $29.20.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. The firm had revenue of $151.38 million for 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 for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. On average, analysts predict that NMI Holdings, Inc. will post 4.05 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of NMI stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total transaction of $33,454.15. Following the transaction, the executive vice president now owns 32,909 shares of the company’s stock, valued at approximately $985,624.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Robert Owen Smith sold 3,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $31.19, for a total transaction of $93,570.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mohammad Nawaz Yousaf sold 1,117 shares of NMI stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the sale, the executive vice president now directly owns 32,909 shares in the company, valued at approximately $985,624.55. 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 three months. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.