State of New Jersey Common Pension Fund D Sells 8,180 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

State of New Jersey Common Pension Fund D decreased its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 14.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,651 shares of the financial services provider’s stock after selling 8,180 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of NMI worth $2,045,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of NMI by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,888 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 666 shares in the last quarter. SG Americas Securities LLC boosted its stake in NMI by 101.1% in the first quarter. SG Americas Securities LLC now owns 10,003 shares of the financial services provider’s stock worth $323,000 after buying an additional 5,028 shares in the last quarter. US Bancorp DE raised its stake in shares of NMI by 12.0% during the first quarter. US Bancorp DE now owns 17,194 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 1,845 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of NMI by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 16,103 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 909 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of NMI by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 7,168,138 shares of the financial services provider’s stock valued at $231,818,000 after purchasing an additional 358,930 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Up 0.7 %

Shares of NMI stock opened at $37.62 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 12-month low of $27.00 and a 12-month high of $42.49. The company has a market cap of $2.98 billion, a P/E ratio of 8.61, a PEG ratio of 0.93 and a beta of 1.13. The company’s fifty day simple moving average is $39.95 and its two-hundred day simple moving average is $37.00.

Insider Activity at NMI

In other NMI news, insider William J. Leatherberry sold 3,000 shares of NMI stock in a transaction that occurred 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 sale, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The trade was a 1.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NMIH has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Truist Financial boosted their target price on 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 NMI from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. StockNews.com lowered NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Barclays lifted their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.29.

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.