NMI Holdings, Inc. (NASDAQ:NMIH) Stock Position Raised by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,882 shares of the financial services provider's stock after purchasing an additional 15,685 shares during the period. Prudential Financial Inc. owned 0.13% of NMI worth $3,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jane Street Group LLC lifted its stake in NMI by 64.2% in the third quarter. Jane Street Group LLC now owns 139,173 shares of the financial services provider's stock valued at $5,733,000 after buying an additional 54,391 shares during the last quarter. JPMorgan Chase & Co. lifted its position in NMI by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider's stock valued at $31,955,000 after purchasing an additional 24,838 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in NMI by 53.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider's stock valued at $4,623,000 after purchasing an additional 39,012 shares during the period. Assetmark Inc. grew its position in NMI by 12.6% in the 4th quarter. Assetmark Inc. now owns 88,010 shares of the financial services provider's stock worth $3,235,000 after purchasing an additional 9,842 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of NMI by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,075,428 shares of the financial services provider's stock worth $39,533,000 after buying an additional 11,347 shares during the period. Institutional investors and hedge funds own 94.12% of the company's stock.

Insiders Place Their Bets

In other NMI news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now directly owns 49,218 shares in the company, valued at approximately $1,744,285.92. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of NMI stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $35.88, for a total value of $717,600.00. Following the transaction, the executive vice president now directly owns 37,470 shares in the company, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

NMI Trading Down 5.7 %

Shares of NASDAQ:NMIH traded down $2.05 during midday trading on Friday, reaching $33.83. The company had a trading volume of 725,969 shares, compared to its average volume of 517,382. The company has a fifty day simple moving average of $36.21 and a two-hundred day simple moving average of $37.76. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.60.

NMI (NASDAQ:NMIH - Get Free Report) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. Research analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $48.00 to $41.00 in a research note on Monday, January 6th. UBS Group decreased their target price on shares of NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised NMI from a "market perform" rating to an "outperform" rating and set a $43.00 target price for the company in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, NMI presently has a consensus rating of "Moderate Buy" and an average price target of $42.29.

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.