Teacher Retirement System of Texas Purchases 37,744 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

Teacher Retirement System of Texas raised its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 259,257 shares of the financial services provider’s stock after purchasing an additional 37,744 shares during the quarter. Teacher Retirement System of Texas owned 0.33% of NMI worth $9,530,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in NMI by 1.0% in the third quarter. State Street Corp now owns 3,565,348 shares of the financial services provider’s stock valued at $146,857,000 after purchasing an additional 35,351 shares during the last quarter. FMR LLC raised its position in NMI by 7.6% in the third quarter. FMR LLC now owns 1,517,092 shares of the financial services provider’s stock valued at $62,489,000 after purchasing an additional 107,771 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NMI by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider’s stock worth $39,533,000 after acquiring an additional 11,347 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NMI by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock worth $31,955,000 after acquiring an additional 24,838 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of NMI by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 452,264 shares of the financial services provider’s stock worth $16,625,000 after acquiring an additional 15,868 shares during the last quarter. 94.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NMIH has been the subject of a number of analyst reports. UBS Group lowered their price objective on NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays downgraded NMI from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $41.00 in a research 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 objective for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

NMI Trading Down 0.5 %

NASDAQ NMIH opened at $35.29 on Friday. The business has a 50 day simple moving average of $36.45 and a 200 day simple moving average of $38.11. NMI Holdings, Inc. has a one year low of $29.05 and a one year high of $42.49. The stock has a market capitalization of $2.77 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS 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%. Research analysts expect that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Insider Buying and Selling at NMI

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.40% 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.