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NMIH

NMI Holdings, Inc.

NMIH

NASDAQ·Financial Services·Insurance - Specialty·Mkt cap $3.1B

$41.04

▲ +0.10%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$34.84 - $43.20

P/E

8.32

Fwd P/E

7.97

Beta

0.56

Div Yield

0.00%

Avg Vol

562.1K

Shares Out

76.2M

Mkt Cap

$3.1B

Price action

Price chart

Down 3.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Strong relationships with national and regional mortgage lenders and credit unions
  • Diversified customer base reducing concentration risk
  • Expertise in credit risk assessment and mortgage underwriting
  • Established brand recognition in specialty insurance sector
▼

Bear Case

1 risk

  • Low volatility (beta 0.6).

Growth

Mild headwinds expected

Increased mortgage origination volumes from housing demand

Value

Undervalued - trading well below Property & Casualty Insurance peers

Momentum

Strong

+9.2% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $1.28 vs $1.22 consensus (+4.9% surprise). Revenue of $154.8M vs $154.0M expected (+0.5%). Beat on both top and bottom lines.

EPS beat +4.9%
Rev beat +0.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+4.9%

Next: Apr 27, 2026

Revenue trend · last 8Q

—

—

+11%

+12%

+13%

+8%

+13%

+6%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$147.4M

$159.0M

$159.4M

$173.2M

$173.8M

$178.7M

$180.5M

$183.5M

Margins · last 8Q

Gross

—

Operating

—

Profit

54.1%

View full earnings history →

Wall Street consensus

3 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

67%

Hold

1

33%

Sell

0%

Median Price Target

$46.00

▲ +12.1% vs $41.04

Low $46.00
Median $46.00
High $46.00

Latest: UBS · $46.00 · May 22, 2026

2 analysts covering

View full analyst page →

vs Industry

How NMIH stacks vs Insurance - Specialty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.