NMI Holdings Inc NMIH
- Market cap
- $3.1B
- P/E
- 8.0×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.19 | 9.90 | 13.35 | 17.38 | 8.06 | 19.43 | 15.33 | 19.21 | 28.67 | 31.90 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 10.95 | 18.05 | 24.50 | 35.79 | 35.66 | 26.82 | 27.25 | 30.39 | 42.49 | 43.20 |
High Price
|
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| 276 | 299 | 304 | 321 | 262 | 247 | 242 | 238 | 230 | 225 |
Employees
|
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| 0 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 |
Revenue/Emp
|
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| 124 | 183 | 275 | 379 | 433 | 485 | 523 | 579 | 651 | 706 |
Revenue
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| 98.07% | 97.08% | 98.02% | 96.70% | 86.33% | 97.46% | 100.69% | 96.09% | 95.15% | 91.84% |
Gross Margin
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| 11 | 53 | 136 | 217 | 218 | 297 | 377 | 413 | 463 | 500 |
EBT
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| 9.25% | 28.89% | 49.44% | 57.20% | 50.34% | 61.17% | 72.09% | 71.28% | 71.19% | 70.75% |
EBT Margin
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| 64 | 22 | 108 | 172 | 172 | 231 | 293 | 322 | 360 | 389 |
Net Income
|
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| 9 | 10 | 13 | 12 | 18 | 20 | 19 | 14 | 13 | 10 |
Depreciation
|
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| 2.10 | 3.06 | 4.23 | 5.61 | 5.55 | 5.67 | 6.16 | 7.03 | 8.15 | 9.10 |
Revenue/Sh
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| 1.11 | 0.37 | 1.66 | 2.54 | 2.20 | 2.70 | 3.45 | 3.91 | 4.51 | 5.01 |
Earnings/Sh
|
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| 1.22 | 1.13 | 2.24 | 3.08 | 3.24 | 3.80 | 3.69 | 4.16 | 4.93 | 5.40 |
Cash Flow/Sh
|
|||
| (0.19) | (0.14) | (0.12) | (0.15) | (0.16) | (0.14) | (0.12) | (0.11) | (0.09) | (0.09) |
Capex/Sh
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| 1.02 | 0.99 | 2.12 | 2.93 | 3.08 | 3.66 | 3.57 | 4.04 | 4.84 | 5.31 |
Free CF/Sh
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| 8.05 | 8.51 | 10.79 | 13.77 | 17.55 | 18.29 | 19.00 | 23.37 | 27.77 | 33.39 |
Book Value/Sh
|
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| 59 | 60 | 65 | 68 | 78 | 86 | 85 | 82 | 80 | 78 |
Shares
|
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| 9.82 | 47.97 | 10.75 | 13.06 | 10.16 | 8.09 | 6.13 | 7.59 | 8.15 | 8.14 |
PE Ratio
|
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| 5.15 | 5.81 | 4.22 | 5.92 | 4.08 | 3.86 | 3.43 | 4.22 | 4.51 | 4.48 |
PS Ratio
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| 1.34 | 2.09 | 1.65 | 2.41 | 1.29 | 1.19 | 1.11 | 1.27 | 1.32 | 1.22 |
PB Ratio
|
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| 5.93 | 6.49 | 4.66 | 6.20 | 4.69 | 4.51 | 4.10 | 4.74 | 5.06 | 5.01 |
EV/Sales
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| 12.15 | 20.02 | 9.30 | 11.84 | 8.46 | 6.98 | 7.09 | 8.24 | 8.52 | 8.58 |
EV/FCF
|
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| 72 | 68 | 146 | 208 | 253 | 326 | 313 | 343 | 394 | 419 |
Op' Cash Flow
|
|||
| (11) | (9) | (8) | (10) | (12) | (12) | (11) | (9) | (7) | (7) |
Capex
|
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| 60 | 59 | 138 | 198 | 240 | 313 | 303 | 333 | 387 | 413 |
FCF
|
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| (120) | (151) | (142) | (108) | (77) | (157) | (162) | (102) | (151) | (176) |
Working Cap'
|
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| 144 | 144 | 147 | 146 | 393 | 395 | 396 | 398 | 415 | 417 |
Total Debt
|
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| 97 | 125 | 121 | 105 | 266 | 318 | 352 | 301 | 361 | 373 |
Net Debt
|
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| 476 | 509 | 702 | 930 | 1,370 | 1,566 | 1,614 | 1,926 | 2,217 | 2,592 |
Sh' Equity
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| 8.52% | 2.54% | 10.86% | 14.00% | 9.72% | 10.01% | 11.79% | 11.81% | 11.45% | 10.82% |
ROA
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| 1.25% | 5.21% | 10.33% | 13.08% | 8.33% | 9.84% | 12.00% | 11.58% | 11.23% | 10.54% |
ROIC
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| 14.57% | 4.48% | 17.83% | 21.07% | 14.92% | 15.75% | 18.42% | 18.20% | 17.38% | 16.17% |
ROE
|
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NMI Holdings Inc peers in Insurance Specialty
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| AGO Assured Guaranty Ltd. | $3.0B | 9.3× | Compare |
| RDN Radian Group Inc. | $4.4B | 8.4× | Compare |
| ESNT Essent Group Ltd. | $5.8B | 8.8× | Compare |
| MTG MGIC Investment Corporation | $5.9B | 8.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ACT Enact Holdings, Inc. | $6.5B | 9.8× | Compare |
| FAF First American Financial Corporation | $6.7B | 9.2× | Compare |
| AXS Axis Capital Holdings Limited | $6.9B | 6.7× | Compare |
| RYAN Ryan Specialty Holdings Inc. | $9.4B | 49.2× | Compare |
NMI Holdings Inc (NMIH) key facts
- NMI Holdings Inc (NMIH) is an Insurance Specialty company in the Financial sector, listed on Nasdaq.
- NMI Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $706.4 million, up 8.52% from fiscal 2024.
- Net income was $388.9 million, or $5.01 per share (basic), a net margin of 55.1%.
- As of September 25, 2026, NMIH traded at $41.23, a market capitalization of $3.1 billion.
- At that price the stock trades at 8.0× trailing-twelve-month earnings and 4.3× sales.
- Return on equity was 16.2% and debt-to-equity 0.15.
NMI Holdings Inc (NMIH) Latest News
25 Sep
NMI Holdings (NMIH) has fallen 7.2% over the past four weeks and now sits in oversold territory, with the RSI around 25.5. The RSI reading suggests selling pressure could be exhausted and a reversal toward prior price levels may be near. On the fundamental side, sell-side analysts broadly expect higher earnings this year, reinforcing a potential near-term uptick, and Zacks ranks NMIH #2 (Buy). The story points to a confluence of momentum signals and earnings revisions, although the revisions cited appear modest, keeping the risk in check. RSI oversold condition plus earnings-revision optimism suggest a modest near-term rebound.
24 Sep
Shares of NMI Holdings near a 52-week high after strong Q2 results and favorable growth signals. The stock has risen about 13.4% over six months and trades above its 200-day SMA of $40.14, signaling momentum. Drivers include rapid in-force growth, stronger new business, higher premiums, lower claims, and solid ROE. The company posted record quarterly earnings, a solid capital position, and ongoing share repurchases. Primary insurance in force rose 5.8% year over year to $227.1 billion; net premiums earned reached $157.5 million in Q2. The loss ratio improved to 8.3% and the default rate stayed low at 1.16%. PMIERs assets stood at $3.7 billion versus $2.1 billion required. With a discounted valuation relative to peers and an average target price of $49.50, the stock carries upside potential supported by buybacks and continued growth. Record Q2 earnings, stronger IIF growth, and ongoing buybacks support upside in earnings and book value.
15 Sep
NMI Holdings achieves strong Insured In-Force growth with potential to boost future earnings. Strong IIF growth enhances NMI Holdings prospects for higher future earnings.
3 Aug
NMI Holdings (NMIH) released its Q2 2026 earnings call transcript covering financial results and management discussion. Q2 earnings updates typically influence near-term stock sentiment and valuation without guaranteeing major strategic shifts.
1 Aug
NMI Holdings reported record Q2 results, indicating the stock could be 8% undervalued. Record Q2 results signal stronger financial performance and positive shifts in market valuation for NMI Holdings.
31 Jul
NMI Holdings Inc posted record revenue and EPS for Q2 2026 amid strong performance. Record Q2 2026 revenue and EPS signal major positive shift in financial trajectory and investor outlook.
NMI Holdings Inc reported Q2 portfolio growth alongside stable credit quality that drove outperformance. Q2 portfolio expansion and credit stability indicate moderate influence on future performance without signaling major trajectory shifts.
NMI Holdings Inc reported Q2 revenue growth and expanded insurance in force during its earnings call, with management noting favorable loss ratios and a positive outlook on new insurance written. Q2 earnings updates deliver financial metrics and guidance that can shift near-term investor sentiment and valuation.
NMI Holdings Inc (NMIH) beat Q2 earnings expectations due to premium growth and lower claims. Q2 earnings beat from premium growth and lower claims indicates positive financial performance for NMIH.
30 Jul
NMI Holdings Inc Q2 2026 earnings call covered financial results, operational metrics, and management outlook on mortgage insurance business. Earnings release and outlook directly shape near-term stock valuation and investor positioning.
NMI Holdings (NMIH) released its Q2 2026 earnings call transcript covering quarterly results and outlook. Earnings call supplies standard financial updates with limited long-term trajectory shifts.
NMI Holdings Inc (NMIH) reported Q2 earnings with key metrics compared against analyst estimates. Q2 earnings metrics versus estimates may moderately influence NMI Holdings financial perception and near-term stock movement.
NMI Holdings (NMIH) Q2 earnings and revenues exceeded estimates. Q2 earnings beat lifts short-term sentiment without altering long-term trajectory.
NMI Holdings Inc (NMIH) reported Q2 CY2026 sales exceeding analyst estimates. Quarterly sales beat signals moderately positive revenue performance that can influence near-term investor sentiment.
NMI Holdings, Inc. achieved record financial results for the second quarter of 2026. Record quarterly results demonstrate strong performance and can lift near-term investor sentiment.
NMI Holdings Inc (NMIH) prepares to report Q2 earnings, with focus on expected financial results, mortgage insurance metrics, and performance indicators that may shape investor sentiment. Q2 earnings preview may moderately influence NMIH stock and short-term market views without altering long-term trajectory.
23 Jul
NMI Holdings (NMIH) earnings are expected to grow, prompting questions on whether investors should buy the stock. Earnings growth expectations can moderately shift investor sentiment and near-term stock performance.
8 Jul
ESNT stock follows housing market and reinsurance trends projected for 2026, with parallel effects on mortgage insurers including NMIH. Housing and reinsurance trends exert moderate influence on NMIH financials and positioning.
30 Jun
NMI Holdings Inc reports mortgage insurance as key driver of revenue growth and higher profitability. Mortgage insurance gains directly support NMIH earnings expansion and operational strength.
7 May
NMI Holdings (NMIH) reported record Q1 revenue, but faces scrutiny over whether this obscures a strategic shift in profitability priorities. Record Q1 revenue highlights strong top-line growth, yet potential profitability shifts moderately affect financial trajectory and investor sentiment.
3 May
NMI Holdings Inc (NMIH) Q1 results show margin compression and credit normalization, shaping a cautious future outlook. Margin compression and credit normalization will moderately affect NMIH's financial performance without fundamentally altering its trajectory.
1 May
NMI Holdings Q1 earnings and revenues beat estimates, insurance in force rises year-over-year. Q1 earnings and revenue beats with year-over-year insurance in force growth demonstrate strong financial results poised to positively influence market performance and investor sentiment.
NMI Holdings, Inc. Q1 2026 earnings call summary covers quarterly financial results, operational updates, strategic initiatives, and forward guidance for the private mortgage insurance provider. Q1 2026 earnings results and guidance significantly shape investor sentiment and NMIH's near-term market trajectory.
NMI Holdings Inc (NMIH) reported record revenue and strong insurance growth in Q1 2026 earnings call highlights. Record revenue and strong insurance growth demonstrate significant financial strength boosting future performance and investor sentiment.
30 Apr
NMI Holdings Inc. (NMIH) released Q1 earnings call highlights detailing financial results, growth in mortgage insurance premiums, improved loss ratios, raised full-year guidance, and strong capital position. Q1 earnings highlights show strong financial performance, raised guidance, and operational improvements poised to boost investor confidence and stock trajectory.
Key metrics from NMI Holdings (NMIH) Q1 earnings reveal insights into financial performance, including revenue, profitability, and operational efficiency. Q1 earnings metrics directly impact NMIH's valuation, investor sentiment, and short-term market trajectory.
NMI Holdings (NMIH) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals strong financial performance, likely boosting stock price and investor confidence significantly.
NMI Holdings, Inc. reported first quarter 2026 financial results. Quarterly financial results disclosure significantly influences investor sentiment, stock price, and future performance expectations.
29 Apr
NMI Holdings (NMIH) reports Q1 results tomorrow. Upcoming Q1 earnings report can significantly sway NMIH's stock price and investor outlook.
6 Apr
NMI Holdings Inc (NMIH) stock outperforms its industry peers and trades near its 52-week high, raising questions on whether it's time to buy. Outperformance against industry and proximity to 52-week high expected to moderately boost investor sentiment and short-term market performance.