Louisiana State Employees Retirement System Takes $1.26 Million Position in NMI Holdings Inc $NMIH

Louisiana State Employees Retirement System acquired a new stake in NMI Holdings Inc (NASDAQ:NMIH) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 33,700 shares of the financial services provider’s stock, valued at approximately $1,264,000.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in NMI during the first quarter valued at about $52,000. Evolve Private Wealth LLC boosted its stake in shares of NMI by 1.6% during the 1st quarter. Evolve Private Wealth LLC now owns 19,525 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 302 shares in the last quarter. Diversified Trust Co increased its holdings in shares of NMI by 13.7% during the 1st quarter. Diversified Trust Co now owns 41,749 shares of the financial services provider’s stock valued at $1,566,000 after acquiring an additional 5,044 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of NMI by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,160 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 301 shares during the last quarter. Finally, River Road Asset Management LLC bought a new position in shares of NMI in the 4th quarter valued at approximately $15,104,000. 94.12% of the stock is currently owned by institutional investors.

Insider Activity at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction that occurred 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. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.44% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NMIH. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Barclays lowered their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group set a $46.00 price target on shares of NMI in a research report on Friday, May 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of NMI from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

NMI Stock Performance

NMI stock opened at $41.04 on Friday. NMI Holdings Inc has a 52 week low of $34.84 and a 52 week high of $43.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $3.12 billion, a PE ratio of 8.36, a PEG ratio of 1.42 and a beta of 0.54. The business’s 50-day simple moving average is $38.22 and its 200-day simple moving average is $38.80.

NMI (NASDAQ:NMIH) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm 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%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 EPS. Equities research analysts forecast that NMI Holdings Inc will post 5.12 earnings per share for the current year.

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.