NMI (NASDAQ:NMIH) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

NMI Holdings Inc (NASDAQ:NMIH) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.70 and traded as low as $36.17. NMI shares last traded at $36.55, with a volume of 498,688 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of NMI from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, May 4th. Weiss Ratings cut shares of NMI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. reduced their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. UBS Group set a $46.00 target price on shares of NMI in a report on Friday, May 22nd. Finally, Barclays reduced their target price on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.80.

NMI Stock Up 1.3%

The stock has a market capitalization of $2.78 billion, a PE ratio of 7.44, a PEG ratio of 1.25 and a beta of 0.55. The firm’s fifty day moving average is $38.18 and its 200-day moving average is $38.70. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.16.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $183.48 million during the quarter, compared to analysts’ expectations of $153.99 million. NMI had a net margin of 53.82% and a return on equity of 15.18%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. On average, equities research analysts predict that NMI Holdings Inc will post 5.12 earnings per share for the current year.

Insider Activity

In related news, Chairman Bradley M. Shuster sold 18,996 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $37.05, for a total transaction of $703,801.80. Following the completion of the transaction, the chairman directly owned 415,411 shares of the company’s stock, valued at $15,390,977.55. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Curry Montgomery sold 1,554 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the transaction, the director directly owned 69,026 shares of the company’s stock, valued at $2,616,085.40. This represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,479 shares of company stock valued at $2,164,735 over the last three months. 2.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in NMI by 22.7% during the first quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after buying an additional 241,724 shares during the period. Edgestream Partners L.P. grew its position in NMI by 5.9% during the first quarter. Edgestream Partners L.P. now owns 233,637 shares of the financial services provider’s stock worth $8,764,000 after buying an additional 13,003 shares during the period. South Dakota Investment Council grew its position in NMI by 25.4% during the first quarter. South Dakota Investment Council now owns 243,319 shares of the financial services provider’s stock worth $9,127,000 after buying an additional 49,256 shares during the period. Amundi grew its position in NMI by 1,364.3% during the first quarter. Amundi now owns 168,246 shares of the financial services provider’s stock worth $6,311,000 after buying an additional 156,756 shares during the period. Finally, California State Teachers Retirement System grew its position in NMI by 22.2% during the first quarter. California State Teachers Retirement System now owns 88,962 shares of the financial services provider’s stock worth $3,337,000 after buying an additional 16,175 shares during the period. 94.12% of the stock is currently owned by institutional investors and hedge funds.

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.