NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,257 shares of the financial services provider's stock after purchasing an additional 37,744 shares during the period. Teacher Retirement System of Texas owned 0.33% of NMI worth $9,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Xponance Inc. boosted its position in shares of NMI by 10.3% during the 4th quarter. Xponance Inc. now owns 5,636 shares of the financial services provider's stock worth $207,000 after acquiring an additional 524 shares in the last quarter. Cibc World Markets Corp acquired a new position in NMI in the fourth quarter valued at approximately $270,000. Royce & Associates LP increased its stake in NMI by 1.8% in the fourth quarter. Royce & Associates LP now owns 140,288 shares of the financial services provider's stock valued at $5,157,000 after purchasing an additional 2,417 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in NMI by 5.9% during the fourth quarter. First Eagle Investment Management LLC now owns 438,919 shares of the financial services provider's stock worth $16,135,000 after purchasing an additional 24,300 shares in the last quarter. Finally, Vestcor Inc lifted its position in shares of NMI by 53.6% during the 4th quarter. Vestcor Inc now owns 16,385 shares of the financial services provider's stock worth $602,000 after buying an additional 5,720 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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NMI Stock Performance

NMI stock traded up $0.20 during mid-day trading on Wednesday, reaching $36.28. 360,859 shares of the company were exchanged, compared to its average volume of 474,048. The firm has a market cap of $2.85 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60. The firm's 50-day simple moving average is $36.47 and its two-hundred day simple moving average is $38.02. NMI Holdings, Inc. has a twelve month low of $29.05 and a twelve month high of $42.49.

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

Wall Street Analysts Forecast Growth

NMIH has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded NMI from a "market perform" rating to an "outperform" rating and set a $43.00 price target on the stock in a research note on Monday, February 24th. Finally, UBS Group decreased their price objective on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.29.

Insider Transactions at NMI

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