PNC Financial Services Group Inc. Has $217,000 Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

PNC Financial Services Group Inc. decreased its position in NMI Holdings, Inc. (NASDAQ:NMIH) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the financial services provider’s stock after selling 1,608 shares during the period. PNC Financial Services Group Inc.’s holdings in NMI were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC lifted its holdings 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 period. Algert Global LLC lifted its holdings in NMI by 88.9% in the third quarter. Algert Global LLC now owns 142,141 shares of the financial services provider’s stock valued at $5,855,000 after buying an additional 66,880 shares during the period. JPMorgan Chase & Co. lifted its holdings in NMI by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 775,804 shares of the financial services provider’s stock valued at $31,955,000 after buying an additional 24,838 shares during the period. Citigroup Inc. lifted its holdings in NMI by 95.4% in the third quarter. Citigroup Inc. now owns 129,180 shares of the financial services provider’s stock valued at $5,321,000 after buying an additional 63,058 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in NMI by 53.3% in the third quarter. BNP Paribas Financial Markets now owns 112,224 shares of the financial services provider’s stock valued at $4,623,000 after buying an additional 39,012 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Buying and Selling

In other NMI news, EVP Norman Peter Fitzgerald sold 20,000 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This represents a 34.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the company’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 of the company’s stock, valued at $1,744,285.92. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

NMI Trading Down 0.5 %

NMIH opened at $35.29 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.60 and a quick ratio of 0.83. NMI Holdings, Inc. has a fifty-two week low of $29.05 and a fifty-two week high of $42.49. The firm has a market capitalization of $2.77 billion, a PE ratio of 7.97, a P/E/G ratio of 1.41 and a beta of 1.02. The company’s 50-day moving average is $36.45 and its 200 day moving average is $38.09.

NMI (NASDAQ:NMIH) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.33% and a net margin of 55.32%. As a group, research analysts predict that NMI Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective 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 lowered shares of NMI from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Monday, February 24th. Finally, UBS Group dropped their price objective on shares of NMI from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and an average target price 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.