Inside the research
NMI Holdings, Inc.
NMIH Research profile · latest available data
Price overview
$41.23
▼ -0.34 (-0.8%)
| 52w hi | $45.71 |
|---|---|
| 52w lo | $35.35 |
| Vol | 829.20K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.11
| Short | -0.15 |
|---|---|
| Medium | +0.24 |
| Long | +0.40 |
computed 2026-09-27
Key fundamentals
NMI Holdings, Inc.
Financial Services · Insurance - Specialty
| Market cap | $3.10B |
|---|---|
| Enterprise value | $3.37B |
| Trailing P/E | 8.12x |
| Forward P/E | 7.46x |
| EV / EBITDA | 6.17x |
| P / S (ttm) | 4.24x |
| Profit margin | 54.1% |
| Return on equity | 15.4% |
| Revenue growth | +8.1% |
| Earnings growth | +14.1% |
| Debt / equity | 15.75 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.34 | |
| Sector | +0.02 | |
| Technical | +0.21 | |
| Earnings | +0.00 | |
| Sentiment | -0.50 |
macro × 1.00 · 2026-09-27
Business overview
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.
Risk Metrics
| Beta vs SPX | 0.52 |
|---|---|
| Corr SPX | 0.34 |
| Annual vol | 24.7% |
| Annual ret | +3.5% |
| Sharpe | 0.14 |
| Max DD | -21.0% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-05-15 | Shareholder Vote | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-02-12 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-02-10 | Earnings Release, Exhibits | read |
| 2025-11-04 | Earnings Release, Exhibits | read |
| 2025-07-29 | Earnings Release, Exhibits | read |
| 2025-05-09 | Shareholder Vote | read |
| 2025-04-29 | Earnings Release, Exhibits | read |
| 2025-02-06 | Earnings Release, Exhibits | read |
| 2024-11-06 | Earnings Release, Exhibits | read |
| 2024-07-30 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-11 | Swithenbank Aurora | EVP, Chief Financial Offi | Sell | 11.66K | $519.06K |
| 2026-08-03 | Smith Robert Owen | EVP, Chief Risk Officer | Sell | 12.00K | $535.76K |
| 2026-05-19 | Montgomery Michael Curry | Sell | 1.55K | $58.90K | |
| 2026-05-14 | EMBLER MICHAEL J | Grant | 4.51K | — | |
| 2026-05-14 | Montgomery Michael Curry | Grant | 4.51K | — | |
| 2026-05-14 | SCHEID STEVEN | Grant | 4.51K | — | |
| 2026-05-14 | McCreary Lynn S. | Grant | 4.51K | — | |
| 2026-05-14 | Huskins Priya Cherian | Grant | 4.51K | — | |
| 2026-05-14 | Erickson John C | Grant | 4.51K | — | |
| 2026-05-14 | Agrawal Renu | Grant | 4.51K | — |
Flow & Concentration
| Insider 180d net | -$1.11M |
|---|---|
| Insider buys / sells | 0 / 3 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 94.5% |
| HHI | 3,029 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $142.93M | 3.48M |
| Fidelity / FMR LLC | $52.43M | 1.28M |
| AQR Capital Management | $39.20M | 954.07K |
| Citadel Advisors | $22.16M | 539.33K |
| Millennium Management | $18.61M | 452.97K |
| Norges Bank (Norway sovereign) | $11.87M | 288.87K |
| Capital Research / Capital World | $4.12M | 100.32K |
| T. Rowe Price Group | $4.10K | 99.74K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2013–2025 · 13 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $579.00M | +88.7% | |
| Net income | $322.11M | +19.3% | |
| Cash from ops | $393.60M | +32.5% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $41.57 | $41.67 | $40.84 | $41.23 | 829.20K |
| Sep 24 | $42.49 | $42.83 | $41.41 | $41.57 | 630.70K |
| Sep 23 | $42.41 | $42.78 | $42.09 | $42.19 | 482.00K |
| Sep 22 | $42.94 | $43.29 | $42.29 | $42.42 | 568.80K |
| Sep 21 | $43.08 | $43.28 | $42.46 | $42.51 | 469.30K |
Understand the score. Research layers are inputs to a model, and the available data has limits.
Read the methodology →