NMI Holdings, Inc. (NASDAQ:NMIH) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,500 shares of the financial services provider’s stock after selling 1,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in NMI were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of NMI by 57.2% during the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 265 shares during the period. Opal Wealth Advisors LLC acquired a new stake in NMI in the 2nd quarter valued at $29,000. Quarry LP grew its stake in NMI by 135.1% in the 2nd quarter. Quarry LP now owns 858 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 493 shares during the period. Fidelis Capital Partners LLC acquired a new stake in NMI in the 1st quarter valued at $31,000. Finally, USA Financial Formulas acquired a new stake in NMI in the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NMIH. Truist Financial lifted their price target on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Wednesday, September 18th. Keefe, Bruyette & Woods lifted their price target on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price objective on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.43.

Insider Transactions at NMI

In other news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now owns 153,689 shares in the company, valued at $6,158,318.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

NMI Stock Down 1.3 %

NASDAQ NMIH opened at $38.68 on Friday. NMI Holdings, Inc. has a 52 week low of $26.91 and a 52 week high of $42.49. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $40.53 and its 200-day simple moving average is $36.47. The firm has a market cap of $3.08 billion, a PE ratio of 9.28, a P/E/G ratio of 0.88 and a beta of 1.12.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.05 by $0.15. NMI had a return on equity of 18.29% and a net margin of 56.40%. The business had revenue of $162.12 million for the quarter, compared to analyst estimates of $138.49 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. As a group, equities analysts anticipate that NMI Holdings, Inc. will post 4.5 earnings per share for the current year.

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.