NMIH
NMI Holdings, Inc. Financial Services - Insurance - Specialty Investor Relations →
NMI Holdings, Inc. (NMIH) closed at $36.78 as of 2026-03-20, trading 18.2% above its 200-week moving average of $31.11. The stock is currently moving closer to the line, down from 20.3% last week. The 14-week RSI sits at 40, indicating neutral momentum.
Trading volume is running at 1.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.96 ratio) is neutral — neither side is clearly dominating.
Over the past 597 weeks of data, NMIH has crossed below its 200-week moving average 7 times. On average, these episodes lasted 29 weeks. Historically, investors who bought NMIH at the start of these episodes saw an average one-year return of +17.2%.
With a market cap of $2.8 billion, NMIH is a mid-cap stock. The company generates a free cash flow yield of 9.4%, which is notably high. Return on equity stands at 16.2%, a solid level. The stock trades at 1.1x book value.
The company has been aggressively buying back shares, reducing its share count by 8.7% over the past three years. NMIH passes our Buffett quality screen: high return on equity, low debt, and positive free cash flow.
Over the past 11.5 years, a hypothetical investment of $100 in NMIH would have grown to $411, compared to $390 for the S&P 500. That represents an annualized return of 13.1% vs 12.6% for the index — confirming NMIH as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 10.9% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NMIH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NMIH Crosses Below the Line?
Across 7 historical episodes, buying NMIH when it crossed below its 200-week moving average produced an average return of +22.0% after 12 months (median +3.0%), compared to +7.7% for the S&P 500 over the same periods. 57% of those episodes were profitable after one year. After 24 months, the average return was +40.0% vs +23.6% for the index.
Each line shows $100 invested at the moment NMIH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NMIH has crossed below its 200-week MA 7 times with an average 1-year return of +17.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2014 | Nov 2016 | 108 | 49.4% | -10.4% | +314.7% |
| Mar 2020 | Sep 2020 | 28 | 46.4% | +113.9% | +225.8% |
| Jul 2021 | Jul 2021 | 3 | 3.3% | -20.9% | +71.1% |
| Sep 2021 | Sep 2021 | 3 | 1.4% | -6.6% | +69.1% |
| Nov 2021 | Jan 2022 | 8 | 10.7% | +1.8% | +71.5% |
| Feb 2022 | Jan 2023 | 47 | 28.9% | +10.9% | +68.3% |
| Mar 2023 | Apr 2023 | 5 | 7.0% | +32.0% | +65.8% |
| Average | 29 | — | +17.2% | — |
Frequently Asked Questions
Is NMIH below its 200-week moving average?
No. NMI Holdings, Inc. (NMIH) is currently 18.2% above its 200-week moving average of $31.11. It would need to fall to $31.11 to cross below the line.
What is NMIH's 200-week moving average price?
NMI Holdings, Inc.'s 200-week moving average is $31.11 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NMIH drops below its 200-week moving average?
NMIH has crossed below its 200-week moving average 7 times in our data. On average, buying at that moment produced a one-year return of +17.2%. These dips have historically been decent entry points. These episodes lasted 29 weeks on average.
Is NMIH a good value right now?
Here's what our data says about NMIH as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 40. Free cash flow yield is 9.4%. Return on equity is 16.2%. Price-to-book is 1.1x. This is not a buy or sell recommendation — always do your own research.
How does NMIH compare to the S&P 500?
Over the past 11.5 years, $100 invested in NMIH would have grown to $411, compared to $390 for the S&P 500. That's 13.1% annualized vs 12.6% for the index. NMIH has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20