New York State Teachers Retirement System Sells 2,218 Shares of NMI Holdings, Inc. (NASDAQ:NMIH)

New York State Teachers Retirement System lessened its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,670 shares of the financial services provider’s stock after selling 2,218 shares during the quarter. New York State Teachers Retirement System owned about 0.18% of NMI worth $5,959,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NMIH. Capital International Investors bought a new stake in NMI during the first quarter worth approximately $32,270,000. Donald Smith & CO. Inc. bought a new stake in shares of NMI during the 2nd quarter worth $29,708,000. Goldentree Asset Management LP acquired a new position in NMI in the 1st quarter valued at $22,600,000. Assenagon Asset Management S.A. grew its stake in NMI by 38.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,942,428 shares of the financial services provider’s stock valued at $80,009,000 after buying an additional 534,818 shares during the last quarter. Finally, F M Investments LLC bought a new position in NMI in the 2nd quarter worth $12,447,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

NMI Price Performance

NASDAQ:NMIH opened at $37.56 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day moving average of $40.36 and a 200-day moving average of $36.74. NMI Holdings, Inc. has a 52 week low of $27.00 and a 52 week high of $42.49. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.84 and a beta of 1.13.

Insiders Place Their Bets

In other news, insider William J. Leatherberry sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total value of $120,210.00. Following the completion of the transaction, the insider now directly owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of NMI from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their price objective on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Barclays boosted their target price on shares of NMI from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $40.00 to $48.00 in a report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of NMI from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.43.

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.