Louisiana State Employees Retirement System Takes Position in NMI Holdings Inc $NMIH

Louisiana State Employees Retirement System bought a new stake in NMI Holdings Inc (NASDAQ:NMIH) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 33,700 shares of the financial services provider’s stock, valued at approximately $1,264,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in NMI by 196.0% in the 3rd quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP acquired a new stake in shares of NMI during the 4th quarter worth approximately $31,000. IFP Advisors Inc increased its position in shares of NMI by 189.5% during the fourth quarter. IFP Advisors Inc now owns 796 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 521 shares during the period. Farther Finance Advisors LLC increased its position in shares of NMI by 161.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,004 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 620 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of NMI by 35.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 301 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Stock Performance

NMIH stock opened at $41.04 on Friday. NMI Holdings Inc has a 1-year low of $34.84 and a 1-year high of $43.20. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $38.22 and its 200-day moving average is $38.80. The firm has a market cap of $3.12 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.42 and a beta of 0.54.

NMI (NASDAQ:NMIH) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. The business had revenue of $183.47 million during the quarter, compared to the consensus estimate of $153.99 million. NMI had a return on equity of 15.18% and a net margin of 53.82%.NMI’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. Equities analysts anticipate that NMI Holdings Inc will post 5.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NMI news, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the transaction, the director directly owned 69,026 shares in the company, valued at $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. JPMorgan Chase & Co. lowered their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Keefe, Bruyette & Woods increased their price objective on shares of NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Royal Bank Of Canada started coverage on shares of NMI in a report on Friday, May 22nd. They set an “outperform” rating and a $46.00 price objective for the company. Finally, Weiss Ratings upgraded shares of NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher?loan?to?value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk?sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.