NMI (NASDAQ:NMIH) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

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 changing hands.

Analysts Set New Price Targets

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

NMI Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $39.07 and a two-hundred day moving average price of $38.46. The stock has a market capitalization of $2.90 billion, a P/E ratio of 7.90, a price-to-earnings-growth ratio of 1.14 and a beta of 0.66.

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

Insider Transactions at NMI

In other NMI news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 46,046 shares in the company, valued at approximately $1,699,097.40. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Allworth Financial LP increased its position in shares of NMI by 196.0% during the third quarter. Allworth Financial LP now owns 660 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 437 shares in the last quarter. Maseco LLP acquired a new position in NMI during the 2nd quarter valued at about $32,000. Harbor Capital Advisors Inc. increased its holdings in NMI by 51.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of NMI in the second quarter worth approximately $36,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of NMI in the second quarter valued at approximately $49,000. 94.12% of the stock is 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.