Arizona State Retirement System Has $649,000 Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Arizona State Retirement System reduced its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 3.0% during the fourth quarter, according to the company in its most recent 13F 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 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other NMI 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 SEC, which is available through this link. In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,117 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $29.95, for a total value of $33,454.15. Following the completion of the transaction, the executive vice president now owns 32,909 shares in the company, valued at approximately $985,624.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Owen Smith sold 3,000 shares of NMI stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $31.19, for a total value of $93,570.00. Following the sale, the executive vice president now owns 82,612 shares in the company, valued at $2,576,668.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,158 shares of company stock valued at $4,395,582. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

NMIH has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of NMI from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on NMI from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada increased their price target on NMI from $31.00 to $33.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. StockNews.com cut NMI from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Truist Financial upped their target price on NMI from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.44.

NMI Trading Up 0.3 %

NASDAQ NMIH opened at $29.59 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $29.20. NMI Holdings, Inc. has a 12 month low of $22.22 and a 12 month high of $32.50. The firm has a market capitalization of $2.38 billion, a P/E ratio of 7.74, a PEG ratio of 1.10 and a beta of 1.06.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.06. NMI had a net margin of 55.63% and a return on equity of 17.97%. The firm had revenue of $151.38 million during the quarter, compared to analyst estimates of $131.70 million. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

NMI 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.