New York State Common Retirement Fund Purchases 49,700 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

New York State Common Retirement Fund boosted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 196.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,013 shares of the financial services provider's stock after purchasing an additional 49,700 shares during the period. New York State Common Retirement Fund owned 0.09% of NMI worth $2,757,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NMIH. Principal Securities Inc. raised its holdings in shares of NMI by 66.5% in the 4th quarter. Principal Securities Inc. now owns 716 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 286 shares during the period. KBC Group NV increased its position in NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider's stock worth $118,000 after buying an additional 892 shares during the last quarter. Farther Finance Advisors LLC raised its stake in NMI by 989.9% in the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $134,000 after buying an additional 2,950 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in NMI by 21.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,810 shares of the financial services provider's stock valued at $198,000 after buying an additional 846 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of NMI in the fourth quarter valued at approximately $203,000. 94.12% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

NMIH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, December 9th. UBS Group dropped their price objective on shares of NMI from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods raised shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of NMI from $48.00 to $47.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Finally, Barclays downgraded shares of NMI from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

NMI Stock Performance

Shares of NMIH traded up $0.13 during mid-day trading on Wednesday, hitting $35.81. 364,137 shares of the company's stock were exchanged, compared to its average volume of 512,945. The stock's 50-day simple moving average is $36.73 and its 200-day simple moving average is $38.51. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. On average, equities research analysts expect that NMI Holdings, Inc. will post 4.62 EPS for the current year.

Insiders Place Their Bets

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total value of $38,381.52. Following the completion of the transaction, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares in the company, valued at $1,344,423.60. The trade was a 34.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

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.