California State Teachers Retirement System raised its holdings in NMI Holdings Inc (NASDAQ:NMIH) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,002 shares of the financial services provider’s stock after acquiring an additional 3,700 shares during the period. California State Teachers Retirement System owned about 0.17% of NMI Holdings worth $1,156,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Hancock Holding Co. grew its position in NMI Holdings by 4.3% in the second quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 715 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of NMI Holdings by 9.1% during the second quarter. Nisa Investment Advisors LLC now owns 9,580 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 800 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of NMI Holdings by 8.8% during the second quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,047 shares during the last quarter. Falcon Point Capital LLC grew its holdings in shares of NMI Holdings by 0.5% during the second quarter. Falcon Point Capital LLC now owns 204,271 shares of the financial services provider’s stock worth $2,339,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC grew its holdings in shares of NMI Holdings by 10.0% during the second quarter. Alpine Woods Capital Investors LLC now owns 22,000 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

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Several research firms have recently weighed in on NMIH. BidaskClub upgraded NMI Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded NMI Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Deutsche Bank AG cut NMI Holdings from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Friday, November 3rd. B. Riley restated a “buy” rating on shares of NMI Holdings in a report on Monday, November 6th. Finally, ValuEngine upgraded NMI Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.93.

NMI Holdings Inc (NASDAQ NMIH) opened at $16.45 on Friday. NMI Holdings Inc has a 12 month low of $8.55 and a 12 month high of $17.08. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $987.54, a P/E ratio of 28.86 and a beta of 0.75.

NMI Holdings (NASDAQ:NMIH) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06. NMI Holdings had a return on equity of 6.95% and a net margin of 51.80%. The firm had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was up 37.8% compared to the same quarter last year. equities research analysts anticipate that NMI Holdings Inc will post 0.56 EPS for the current year.

In other news, VP Julie Norberg sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the sale, the vice president now owns 32,305 shares in the company, valued at $540,462.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William J. Leatherberry acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were purchased at an average price of $10.65 per share, with a total value of $53,250.00. The disclosure for this purchase can be found here. 5.40% of the stock is currently owned by insiders.

NMI Holdings Company Profile

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Institutional Ownership by Quarter for NMI Holdings (NASDAQ:NMIH)

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