Seeking Alpha

Seeking Alpha Portfolio App for iPad

295 people get PMI articles and Market Currents by email alert.

Get email alerts on PMI »

PMI

PMI Group Inc.

5/23/2013, 9:31 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, February 6, 3:15 PM Of interest not just to Genworth investors, but to owners of other mortgage insurance firms is the FHA's raising its insurance premiums and tightening underwriting standards. "That business (PMI) is beginning to flow back into our markets ... the market is getting bigger." says GNW CEO McInerney on the earnings call (transcript) (2013 goals). Comment! [Financials]
Thursday, January 24, 3:55 AM European stocks are mostly lower as Apple's lackluster earnings - well it's all relative - cast a global shadow. "Despite the firm close in the U.S. and better-than-expected (PMI) data from China, European traders appear to be on a more cautious footing," says trader Jonathan Sudaria. "The after-hours release of Apple earnings have not been interpreted well." EU Stoxx 50 -0.3%, London +0.1%, Paris -0.1%, Frankfurt -0.3%, Milan -0.4%, Madrid +0.05%. Comment! [Global & FX, Top Stories, On the Move]
Wednesday, December 12, 2012, 9:36 AM Philip Morris International (PMI) declares $0.85/share quarterly dividend, in line with previous. Forward yield 3.83%. For shareholders of record Dec. 27. Payable Jan. 11. Ex-div date Dec. 24. (PR) Comment! [Dividends]
Wednesday, October 31, 2012, 12:41 PM The game is changed for mortgage servicers with regards to short sales as new guidelines agreed to by Fannie Mae and its insurers - among them Genworth (GNW) and Radian (RDN) - go into effect. The changes allow the servicers to approve such sales (as well as deeds-in-lieu) without getting approval from the insurers. The servicing business gets better and better. (earlier) Comment! [Financials, U.S. Economy]
Wednesday, November 23, 2011, 3:02 PM Mortgage insurer PMI Group (PMI) files for Chapter 11 bankruptcy protection after a judge rejects its bid to overturn the seizure of its Arizona unit by regulators. Other mortgage insurers today: MTG -5.6%, RDN -3.2%. Comment! [U.S. Economy, Financials]
Saturday, October 22, 2011, 3:07 PM Arizona regulators seize the main subsidiary of mortgage insurer PMI Group (PMI), and will begin paying out claims at 50% on Monday, with the remaining amount deferred as a policyholder claim. PMI stopped issuing new commitments in August. 3 Comments [Financials, Breaking News]
Friday, October 21, 2011, 8:49 AM Mortgage insurer MGIC (MTG) -11% premarket after reporting a larger-than-expected Q3 loss: $165M, or -$0.82/share, vs. a year-ago loss of $51.5M, or -$0.26/share. Revenue fell 12% to $337M amid lower net premiums. The mortgage insurer had recorded a string of narrower losses recently as its claims losses declined. RDN -7.2%, PMI -8.3%. Comment! [Financials, Earnings]
Wednesday, September 7, 2011, 9:45 AM Mortgage insurance stocks break higher after MGIC Investment Corp.’s (MTG +13.5%) main mortgage insurance unit says it wrote $1.3B in new insurance in August while its inventory of delinquent loans fell. Other mortgage insurers also rise: RDN +8.9%, PMI +3.7%. Comment! [Financials, On the Move]
Thursday, August 25, 2011, 3:20 PM The monoline mortgage insurance stocks have all been halted after hitting circuit breakers on the way up. AGO +11%, MBI +6.9%, MTG +15%, RDN +18%., PMI +25%. Comment! [On the Move, Breaking News, Financials]
Monday, August 22, 2011, 1:31 PM After an initial pop at the open, shares MGIC Investment (MTG) have reversed course, now trading -7.8%. The mortgage insurer had gained earlier on news that its competitor, PMI Group (PMI -27%), was forced to closed down two of its units in Arizona, but the stock quickly succumbed to selling pressure along with the rest of its rivals: Radian (RDN -4%), Genworth Financial (GNW -0.1%). Comment! [Financials, On the Move]
Thursday, August 4, 2011, 1:36 PM Shares of PMI Group (PMI -55.1%) crater after the mortgage insurer says it may have to stop selling new coverage policies, and a backup plan has "no assurance" of succeeding. Rival firms MGIC Investment (MTG -16.5%), Radian Group (RDN -16.2%) and Genworth (GNW -6.6%) also suffer in deep sympathy. 1 Comment [On the Move, Financials]
Tuesday, August 2, 2011, 9:00 AM Premarket gainers: RDN +12%. SM +9%. AGP +6%. ARNA +4%. PMI +4%. SIRI +4%. HCA +3%. BCS +3%.
Losers: INSM -42%. PCS -17%. NVMI -7%. KLIC -6%. ADM -4%. FRO -4%. LYG -3%. CS -4%. MT -3%. ARIA -3%. UBS -3%. ALV -3%. RIO -3%. ITUB -3%. NOK -3%. Comment! [On the Move]
Monday, July 18, 2011, 10:56 AM Mortgage insurer MGIC (MTG) is down 18.7% after reporting revenues and adjusted EPS of $367M and ($0.11), respectively. These numbers beat consensus estimates of $341.6M and ($0.11), but investors appear bothered by growing expenses related to defaulting mortgages. RDN -10.3% and PMI -10.2% in sympathy. (PR) Comment! [Financials, Earnings, On the Move]
Friday, July 8, 2011, 9:00 AM Premarket gainers: AMLN +6%. GERN +4%.
Losers: XXIA -19%. ALV -8%. PMI -7%. VE -5%. RDN -4%. DANG -4%. CREE -4%. RENN -5%. MWE -4%. NOK -3%. SOL -3%. YOKU -3%. STD -3%. MPEL -3%. E -3%. AEO -3%. ARMH -3%. LYG -3%. SDRL -3%. RBS -3%. Comment! [On the Move]
Thursday, July 7, 2011, 9:05 AM Premarket gainers: APAC +56%. MCZ +14%. OCZ +9%. RENN +8%. PMI +7%. TGT +6%. REDF +5%. DANG +5%. KSS +5%. MOBI +5%. STX +4%. BPAX +4%. GPL +4%. LTD +4%. ASML +4%. YOKU +3%. M +3%. STD +3%. SODA +3%. SINA +3%. NOK +3%. RDN +3%.
Losers: AFFX -16%. LL -16%. FST -7%. YMI -6%. JCP -4%. AIB -3%. Comment! [On the Move]
Wednesday, July 6, 2011, 9:41 AM PMI Group (PMI) is off to a healthy start, +10.3% after S&P's comments yesterday that the firm's mortgage insurer is likely to maintain solvency through at least Q2 2012. The ratings of both the unit and the parent company had been downgraded two notches and put under review last month. Comment! [Financials, On the Move]