Teacher Retirement System of Texas Has $6.05 Million Position in NMI Holdings Inc (NASDAQ:NMIH)

Teacher Retirement System of Texas reduced its stake in NMI Holdings Inc (NASDAQ:NMIH - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 167,859 shares of the financial services provider's stock after selling 91,398 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.21% of NMI worth $6,051,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NMIH. Vanguard Group Inc. boosted its stake in NMI by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 7,158,877 shares of the financial services provider's stock worth $263,160,000 after buying an additional 39,503 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NMI by 70.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after buying an additional 844,037 shares in the last quarter. American Century Companies Inc. increased its stake in shares of NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock valued at $71,946,000 after buying an additional 145,591 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of NMI by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 1,307,868 shares of the financial services provider's stock valued at $48,077,000 after buying an additional 337,996 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of NMI by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after buying an additional 4,570 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NMIH. Wall Street Zen upgraded NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Compass Point restated a "buy" rating and set a $37.00 target price (up previously from $34.00) on shares of NMI in a report on Friday, May 23rd. Keefe, Bruyette & Woods cut NMI from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $42.00 to $43.00 in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $42.43.

Insiders Place Their Bets

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president owned 84,566 shares of the company's stock, valued at $3,093,424.28. The trade was a 19.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $35.56, for a total value of $466,227.16. Following the transaction, the insider directly owned 163,796 shares in the company, valued at $5,824,585.76. This trade represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 113,697 shares of company stock worth $4,210,337 in the last 90 days. Company insiders own 3.00% of the company's stock.

NMI Stock Down 4.5%

Shares of NASDAQ NMIH traded down $1.96 during mid-day trading on Monday, reaching $41.19. 570,650 shares of the company's stock were exchanged, compared to its average volume of 557,409. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.46 and a beta of 0.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $39.32 and a 200 day simple moving average of $37.08. NMI Holdings Inc has a twelve month low of $31.90 and a twelve month high of $43.29.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. The company had revenue of $173.25 million for the quarter, compared to analyst estimates of $169.04 million. NMI had a return on equity of 17.27% and a net margin of 55.93%. NMI's revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, equities analysts expect that NMI Holdings Inc will post 4.62 EPS for the current fiscal year.

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.