NMI (NASDAQ:NMIH) Shares Gap Down – Should You Sell?

NMI Holdings, Inc. (NASDAQ:NMIH)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $38.80, but opened at $37.82. NMI shares last traded at $37.26, with a volume of 84,991 shares changing hands.

Analysts Set New Price Targets

NMIH has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of NMI from $44.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Royal Bank of Canada dropped their target price on shares of NMI from $48.00 to $47.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.00.

NMI Price Performance

The stock has a 50 day moving average of $37.63 and a two-hundred day moving average of $38.78. The stock has a market cap of $2.94 billion, a PE ratio of 8.49, a PEG ratio of 0.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.83 and a current ratio of 0.83.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.07). NMI had a return on equity of 17.82% and a net margin of 56.20%. Equities analysts anticipate that NMI Holdings, Inc. will post 4.54 EPS for the current year.

Institutional Trading of NMI

Institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. boosted its stake in NMI by 66.5% in the fourth quarter. Principal Securities Inc. now owns 716 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 286 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of NMI by 57.2% in the third quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 265 shares in the last quarter. USA Financial Formulas bought a new stake in shares of NMI in the third quarter worth about $57,000. Smartleaf Asset Management LLC increased its holdings in shares of NMI by 288.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,868 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 1,387 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of NMI by 38.3% during the fourth quarter. KBC Group NV now owns 3,221 shares of the financial services provider’s stock worth $118,000 after buying an additional 892 shares in the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

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.