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

Teacher Retirement System of Texas increased its holdings in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 259,257 shares of the financial services provider’s stock after buying an additional 37,744 shares during the quarter. Teacher Retirement System of Texas’ holdings in NMI were worth $9,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Xponance Inc. raised its stake in shares of NMI by 10.3% in the fourth quarter. Xponance Inc. now owns 5,636 shares of the financial services provider’s stock valued at $207,000 after buying an additional 524 shares during the period. Cibc World Markets Corp bought a new stake in shares of NMI in the fourth quarter valued at $270,000. Royce & Associates LP raised its stake in shares of 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 buying an additional 2,417 shares during the period. First Eagle Investment Management LLC raised its stake in shares of NMI by 5.9% in the fourth quarter. First Eagle Investment Management LLC now owns 438,919 shares of the financial services provider’s stock valued at $16,135,000 after buying an additional 24,300 shares during the period. Finally, Vestcor Inc raised its stake in shares of NMI by 53.6% in the fourth quarter. Vestcor Inc now owns 16,385 shares of the financial services provider’s stock valued at $602,000 after buying an additional 5,720 shares during the period. 94.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’s 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 represents a 2.15 % decrease in their position. 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 the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $35.88, for a total value of $717,600.00. Following the completion of the transaction, the executive vice president now owns 37,470 shares of the company’s stock, 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. 2.40% of the stock is owned by company insiders.

NMI Price Performance

NMI stock opened at $35.29 on Friday. NMI Holdings, Inc. has a 52 week low of $29.05 and a 52 week high of $42.49. The business has a 50-day simple moving average of $36.45 and a 200 day simple moving average of $38.11. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 1.41 and a beta of 1.02.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 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, research analysts forecast that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

NMI Company 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.