Illinois Municipal Retirement Fund Grows Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Illinois Municipal Retirement Fund increased its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,423 shares of the financial services provider’s stock after buying an additional 388 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NMI were worth $1,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of NMI by 2.5% during the third quarter. Vanguard Group Inc. now owns 6,583,844 shares of the financial services provider’s stock worth $178,356,000 after buying an additional 162,614 shares during the last quarter. Van Berkom & Associates Inc. boosted its holdings in NMI by 7.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 2,708,797 shares of the financial services provider’s stock valued at $73,381,000 after purchasing an additional 185,099 shares in the last quarter. American Century Companies Inc. boosted its holdings in NMI by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 988,812 shares of the financial services provider’s stock valued at $26,787,000 after purchasing an additional 102,857 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NMI by 8.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 899,056 shares of the financial services provider’s stock valued at $24,355,000 after purchasing an additional 71,617 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NMI by 88.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 859,955 shares of the financial services provider’s stock valued at $25,523,000 after purchasing an additional 402,793 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NMIH. 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. Royal Bank of Canada lifted 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. Keefe, Bruyette & Woods lifted their price target on shares of NMI from $33.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, April 4th. StockNews.com downgraded shares of NMI from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, 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 research report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, NMI presently has a consensus rating of “Moderate Buy” and an average target price of $34.44.

NMI Trading Up 1.0 %

Shares of NMI stock opened at $31.11 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.73 and a quick ratio of 0.73. NMI Holdings, Inc. has a 1 year low of $22.28 and a 1 year high of $32.50. The company has a market capitalization of $2.51 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.14 and a beta of 1.06. The business has a 50 day moving average price of $30.32 and a 200 day moving average price of $29.36.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data 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 return on equity of 17.97% and a net margin of 55.63%. The firm had revenue of $151.38 million during the quarter, compared to the consensus estimate of $131.70 million. During the same period in the previous year, the firm posted $0.86 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. Sell-side analysts anticipate that NMI Holdings, Inc. will post 4.05 EPS for the current fiscal year.

Insider Buying and Selling

In other NMI news, Chairman Bradley M. Shuster sold 12,836 shares of NMI stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $30.53, for a total value of $391,883.08. Following the completion of the sale, the chairman now directly owns 427,271 shares of the company’s stock, valued at approximately $13,044,583.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NMI news, Chairman Bradley M. Shuster sold 6,559 shares of NMI stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $29.81, for a total value of $195,523.79. Following the completion of the sale, the chairman now directly owns 453,298 shares of the company’s stock, valued at approximately $13,512,813.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bradley M. Shuster sold 12,836 shares of NMI stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $30.53, for a total transaction of $391,883.08. Following the completion of the sale, the chairman now directly owns 427,271 shares of the company’s stock, valued at $13,044,583.63. The disclosure for this sale can be found here. Insiders sold 145,158 shares of company stock worth $4,395,582 in the last ninety days. Insiders own 2.70% of the company’s stock.

About NMI

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.