NMI Holdings, Inc. (NASDAQ:NMIH) Stock Position Raised by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury raised its holdings in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 15.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,732 shares of the financial services provider's stock after acquiring an additional 8,541 shares during the period. State of Tennessee Department of Treasury owned 0.08% of NMI worth $2,343,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Barclays PLC raised its holdings in NMI by 264.4% in the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after buying an additional 280,809 shares during the period. Virtu Financial LLC acquired a new position in shares of NMI in the third quarter worth about $380,000. World Investment Advisors LLC purchased a new position in shares of NMI during the 3rd quarter valued at approximately $1,059,000. Tidal Investments LLC grew its holdings in NMI by 92.9% during the 3rd quarter. Tidal Investments LLC now owns 38,069 shares of the financial services provider's stock worth $1,568,000 after acquiring an additional 18,333 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of NMI by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 98,150 shares of the financial services provider's stock worth $4,024,000 after purchasing an additional 1,442 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Buying and Selling at NMI

In other NMI news, EVP Robert Owen Smith sold 20,000 shares of NMI stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $36.58, for a total value of $731,600.00. Following the transaction, the executive vice president now owns 84,566 shares in the company, valued at approximately $3,093,424.28. The trade was a 19.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company's stock in a transaction on 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 represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,360 shares of company stock valued at $4,042,654. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NMIH shares. UBS Group reduced their price target 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. Barclays lowered NMI from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $48.00 to $41.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price target on NMI from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of NMI from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three 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 has a consensus rating of "Moderate Buy" and a consensus target price of $42.14.

NMI Stock Performance

Shares of NASDAQ NMIH traded up $1.24 during midday trading on Friday, reaching $37.62. 806,930 shares of the company traded hands, compared to its average volume of 546,971. The stock has a 50-day moving average price of $34.93 and a 200 day moving average price of $36.71. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.41 and a beta of 0.56. 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 Holdings, Inc. has a 52 week low of $31.59 and a 52 week high of $42.49.

NMI (NASDAQ:NMIH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.18. NMI had a net margin of 55.32% and a return on equity of 17.33%. The company had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. During the same period in the prior year, the business posted $1.08 EPS. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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.