NMI Holdings, Inc. (NASDAQ:NMIH) Shares Acquired by Texas Permanent School Fund

Texas Permanent School Fund lifted its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIHGet Rating) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,216 shares of the financial services provider’s stock after buying an additional 1,426 shares during the quarter. Texas Permanent School Fund’s holdings in NMI were worth $1,036,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new stake in NMI during the second quarter worth approximately $442,000. Thompson Investment Management Inc. lifted its stake in NMI by 151.0% during the second quarter. Thompson Investment Management Inc. now owns 38,091 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 22,915 shares during the last quarter. Gator Capital Management LLC lifted its stake in NMI by 2.9% during the second quarter. Gator Capital Management LLC now owns 250,946 shares of the financial services provider’s stock worth $4,178,000 after purchasing an additional 7,000 shares during the last quarter. Dakota Wealth Management purchased a new stake in NMI during the second quarter worth approximately $258,000. Finally, Royce & Associates LP lifted its stake in NMI by 5.3% during the second quarter. Royce & Associates LP now owns 106,772 shares of the financial services provider’s stock worth $1,778,000 after purchasing an additional 5,410 shares during the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods cut NMI from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $25.00 to $23.00 in a research report on Sunday, October 16th. Citigroup lifted their price target on NMI from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, November 3rd. BTIG Research lowered their target price on shares of NMI from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. TheStreet upgraded shares of NMI from a “c+” rating to a “b-” rating in a research report on Monday, August 29th. Finally, Credit Suisse Group lowered their price objective on shares of NMI to $28.00 in a research report on Thursday, October 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Insider Activity

In related news, Director Michael Curry Montgomery sold 19,630 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $20.30, for a total transaction of $398,489.00. Following the completion of the transaction, the director now directly owns 58,607 shares of the company’s stock, valued at $1,189,722.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company’s stock.

NMI Stock Performance

Shares of NMIH opened at $20.68 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 6.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.75 and a current ratio of 0.75. NMI Holdings, Inc. has a 1 year low of $15.33 and a 1 year high of $27.25. The company’s fifty day moving average is $21.08 and its two-hundred day moving average is $19.55.

NMI Company Profile

(Get Rating)

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; 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.

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Institutional Ownership by Quarter for NMI (NASDAQ:NMIH)

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