The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

NMIH

Concerning the House

NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company 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. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.

United States · www.nationalmi.com

The Long Run

FY 2013–2025 · 13 years

LineLatestCAGRTrend
Revenue$579.00M+88.7%
Net income$322.11M+19.3%
Cash from ops$393.60M+32.5%
Quotation

$45.44

+0.56 (+1.2%)

52w hi$45.44
52w lo$35.35
Vol325.50K
As ofAug 13
The Verdict

Hold

Our score +0.10

Short-0.10
Medium+0.15
Long+0.39

computed 2026-08-13

By the Numbers

NMI Holdings, Inc.

Financial Services · Insurance - Specialty

Market cap$3.42B
Enterprise value$3.64B
Trailing P/E8.94x
Forward P/E8.32x
EV / EBITDA6.67x
P / S (ttm)4.68x
Profit margin54.1%
Return on equity15.4%
Revenue growth+8.1%
Earnings growth+14.1%
Debt / equity15.75
Risk Metrics
Beta vs SPX0.53
Corr SPX0.34
Annual vol25.1%
Annual ret+13.4%
Sharpe0.53
Max DD-21.4%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.09
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$45.05$45.48$44.85$45.44325.50K
Aug 12$44.40$45.16$44.31$44.88333.00K
Aug 11$44.22$44.90$44.22429.61K
Aug 10$44.53$44.88$44.08$44.20348.20K
Aug 7$44.02$45.31$43.55$44.63504.30K