NMI (NASDAQ:NMIH) Stock Passes Below 200-Day Moving Average – Here’s Why

NMI Holdings Inc (NASDAQ:NMIH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $38.46 and traded as low as $37.62. NMI shares last traded at $37.76, with a volume of 645,144 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NMIH shares. UBS Group set a $43.00 price objective on NMI in a research note on Monday, January 12th. Barclays raised their price target on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and increased their target price for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. Finally, JPMorgan Chase & Co. increased their price target on NMI from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.00.

NMI Stock Performance

The business’s fifty day moving average price is $39.07 and its 200-day moving average price is $38.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $2.90 billion, a PE ratio of 7.90, a P/E/G ratio of 1.14 and a beta of 0.66.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. NMI had a net margin of 55.02% and a return on equity of 16.08%. The company had revenue of $171.56 million during the quarter, compared to analysts’ expectations of $177.01 million. During the same quarter in the previous year, the company earned $1.15 earnings per share. NMI’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts expect that NMI Holdings Inc will post 4.62 EPS for the current year.

Insider Buying and Selling at NMI

In related news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the sale, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On NMI

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in NMI by 95.3% during the third quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock valued at $38,898,000 after acquiring an additional 495,144 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of NMI in the 2nd quarter valued at $13,245,000. Allianz Asset Management GmbH boosted its stake in shares of NMI by 76.4% in the 2nd quarter. Allianz Asset Management GmbH now owns 640,158 shares of the financial services provider’s stock valued at $27,008,000 after purchasing an additional 277,318 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of NMI by 184.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock valued at $18,032,000 after purchasing an additional 277,065 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in NMI by 85.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock worth $23,009,000 after purchasing an additional 276,897 shares during the period. 94.12% of the stock is currently owned by institutional investors.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.