Prudential Financial Inc. Has $3.86 Million Stock Holdings in NMI Holdings, Inc. (NASDAQ:NMIH)

Prudential Financial Inc. grew its stake in shares of NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,882 shares of the financial services provider's stock after buying an additional 15,685 shares during the quarter. Prudential Financial Inc. owned approximately 0.13% of NMI worth $3,855,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NMIH. Raymond James Financial Inc. acquired a new stake in shares of NMI during the 4th quarter valued at $13,136,000. Barclays PLC boosted its stake in shares of NMI by 264.4% during the third quarter. Barclays PLC now owns 386,999 shares of the financial services provider's stock valued at $15,940,000 after purchasing an additional 280,809 shares in the last quarter. abrdn plc acquired a new stake in shares of NMI during the fourth quarter valued at about $8,122,000. Denali Advisors LLC grew its holdings in shares of NMI by 2,446.6% during the fourth quarter. Denali Advisors LLC now owns 175,718 shares of the financial services provider's stock worth $6,459,000 after purchasing an additional 168,818 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of NMI by 8.0% in the fourth quarter. American Century Companies Inc. now owns 1,957,179 shares of the financial services provider's stock valued at $71,946,000 after buying an additional 145,591 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on NMIH. Keefe, Bruyette & Woods upgraded shares of NMI from a "market perform" rating to an "outperform" rating and set a $43.00 target price on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on shares of NMI from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, December 9th. Barclays downgraded NMI from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Finally, UBS Group lowered their target price on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Three investment 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 target price of $42.29.

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Insider Buying and Selling at NMI

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

NMI Trading Down 5.7 %

NMIH stock traded down $2.05 during midday trading on Friday, hitting $33.83. The stock had a trading volume of 725,969 shares, compared to its average volume of 518,086. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.65 billion, a P/E ratio of 7.64, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The business has a fifty day moving average price of $36.29 and a two-hundred day moving average price of $37.87. NMI Holdings, Inc. has a 1-year low of $29.05 and a 1-year high of $42.49.

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 net margin of 55.32% and a return on equity of 17.33%. On average, sell-side analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

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.