NMI Holdings, Inc. (NASDAQ:NMIH) Stock Holdings Lifted by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in NMI Holdings, Inc. (NASDAQ:NMIH) by 18.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,900 shares of the financial services provider’s stock after buying an additional 12,939 shares during the period. Texas Permanent School Fund Corp owned approximately 0.11% of NMI worth $2,856,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Van Berkom & Associates Inc. increased its holdings in shares of NMI by 2.1% in the second quarter. Van Berkom & Associates Inc. now owns 2,451,743 shares of the financial services provider’s stock valued at $83,457,000 after buying an additional 51,194 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of NMI in the second quarter valued at $175,000. Ellis Investment Partners LLC increased its holdings in shares of NMI by 0.9% in the second quarter. Ellis Investment Partners LLC now owns 92,727 shares of the financial services provider’s stock valued at $3,156,000 after buying an additional 871 shares in the last quarter. Gallacher Capital Management LLC bought a new position in shares of NMI in the second quarter valued at $205,000. Finally, Horizon Investment Services LLC acquired a new stake in NMI during the 2nd quarter valued at $638,000. Institutional investors own 94.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NMIH. Barclays boosted their target price on shares of NMI from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of NMI from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their target price on shares of NMI from $34.00 to $40.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial boosted their target price on shares of NMI from $37.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.00.

Insider Buying and Selling

In related news, insider William J. Leatherberry sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the sale, the insider now directly owns 153,689 shares in the company, valued at $6,158,318.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider William J. Leatherberry sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the sale, the insider now directly owns 153,689 shares of the company’s stock, valued at $6,158,318.23. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael J. Embler sold 26,008 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total value of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares in the company, valued at $2,424,235.45. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

NMI Trading Up 3.4 %

NASDAQ NMIH opened at $41.07 on Monday. NMI Holdings, Inc. has a 1-year low of $25.62 and a 1-year high of $42.06. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.27 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. The firm’s fifty day simple moving average is $38.39 and its 200-day simple moving average is $34.17.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.15. The firm had revenue of $162.12 million during the quarter, compared to analysts’ expectations of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. NMI’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, sell-side analysts anticipate that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

About NMI

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.