Symbols / NMIH Stock $40.84 -0.68% NMI Holdings, Inc.

Financial Services • Insurance - Specialty • United States • NGM
NMIH (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Specialty
CEO Mr. Adam S. Pollitzer
Exch · Country NGM · United States
Market Cap 3.11B
Enterprise Value 3.42B
Income 388.93M
Sales 706.44M
FCF (ttm) 267.06M
Book/sh 33.98
Cash/sh 1.72
Employees 225
Insider 10d —
IPO Nov 08, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 8.30
Forward P/E 7.45
PEG —
P/S 4.40
P/B 1.20
P/C —
EV/EBITDA 6.34
EV/Sales 4.84
Quick Ratio 0.62
Current Ratio 1.97
Debt/Eq 16.42
LT Debt/Eq —
EPS (ttm) 4.92
EPS next Y 5.48
EPS Growth 12.10%
Revenue Growth 8.50%
EPS Gr Q/Q 9.30%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-02-10
ROA 9.18%
ROE 16.17%
ROIC —
Gross Margin 78.02%
Oper. Margin 70.98%
Profit Margin 55.05%
Shs Outstand 76.16M
Shs Float 74.65M
Insider Own 1.75%
Instit Own 99.33%
Short Float 3.08%
Short Ratio 4.47
Short Interest 1.92M
52W High 43.20
vs 52W High -5.46%
52W Low 34.84
vs 52W Low 17.22%
Beta 0.64
Impl. Vol. 71.78%
Rel Volume 0.09
Avg Volume 460.85K
Volume 40.55K
Target (mean) $46.14
Tgt Median $47.00
Tgt Low $42.00
Tgt High $50.00
# Analysts 7
Recom Buy
Prev Close $41.12
Price $40.84
Change -0.68%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$46.14
Mean price target
2. Current target
$40.84
Latest analyst target
3. DCF / Fair value
$63.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$40.84
Low
$42.00
High
$50.00
Mean
$46.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-10 main Keefe, Bruyette & Woods Outperform → Outperform $50
2026-04-09 main JP Morgan Overweight → Overweight $43
2026-04-06 main Barclays Equal-Weight → Equal-Weight $43
2026-01-12 main JP Morgan Overweight → Overweight $43
2026-01-06 main Barclays Equal-Weight → Equal-Weight $44
2025-12-18 up Keefe, Bruyette & Woods Market Perform → Outperform $48
2025-11-05 main JP Morgan Overweight → Overweight $42
2025-10-07 main JP Morgan Overweight → Overweight $43
2025-10-06 main Barclays Equal-Weight → Equal-Weight $43
2025-07-11 main JP Morgan Overweight → Overweight $44
2025-07-08 main Barclays Equal-Weight → Equal-Weight $42
2025-07-07 down Keefe, Bruyette & Woods Outperform → Market Perform $43
2025-05-23 main Compass Point Buy → Buy $37
2025-04-08 main Keefe, Bruyette & Woods Outperform → Outperform $42
2025-04-08 main JP Morgan Overweight → Overweight $41
2025-02-24 up Keefe, Bruyette & Woods Market Perform → Outperform $43
2025-02-19 main UBS Neutral → Neutral $41
2025-01-10 main UBS Neutral → Neutral $42
2025-01-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $43
2025-01-06 down Barclays Overweight → Equal-Weight $41
News
RSS: Latest NMIH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-24 SHUSTER BRADLEY MIZE Officer and Director — 18,953 $37.35 $707,832
2026-03-23 SHUSTER BRADLEY MIZE Officer and Director — 55,156 $11.10 $612,232
2026-03-19 SHUSTER BRADLEY MIZE Officer and Director — 18,996 $37.05 $703,885
2026-03-18 SHUSTER BRADLEY MIZE Officer and Director — 55,158 $11.10 $612,254
2026-03-13 REALMUTO NICHOLAS DANIEL Officer — 3,882 $0.00 $0
2026-03-12 SHUSTER BRADLEY MIZE Officer and Director — 18,976 $36.58 $694,148
2026-03-11 SHUSTER BRADLEY MIZE Officer and Director — 55,158 $11.10 $612,254
2026-03-05 SHUSTER BRADLEY MIZE Officer and Director — 19,430 $38.91 $755,944
2026-03-04 SHUSTER BRADLEY MIZE Officer and Director — 55,158 $11.10 $612,254
2026-02-26 SHUSTER BRADLEY MIZE Officer and Director — 19,557 $39.85 $779,427
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
706.44
+8.52%
650.97
+12.43%
579.00
+10.40%
524.46
Operating Revenue
706.44
+8.52%
650.97
+12.43%
579.00
+10.40%
524.46
Total Expenses
206.64
+10.17%
187.56
+12.78%
166.30
+13.01%
147.15
Reconciled Depreciation
11.26
-5.66%
11.94
+3.42%
11.54
-2.77%
11.87
EBIT
528.28
+5.59%
500.31
+12.45%
444.92
+8.66%
409.47
Net Income
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Pretax Income
499.80
+7.85%
463.41
+12.29%
412.70
+9.38%
377.31
Net Non Operating Interest Income Expense
-28.48
+22.82%
-36.90
-14.54%
-32.21
-0.15%
-32.16
Interest Expense Non Operating
28.48
-22.82%
36.90
+14.54%
32.21
+0.15%
32.16
Net Interest Income
-28.48
+22.82%
-36.90
-14.54%
-32.21
-0.15%
-32.16
Interest Expense
28.48
-22.82%
36.90
+14.54%
32.21
+0.15%
32.16
Interest Income
3.90
-22.00%
5.00
+117.39%
2.30
+475.00%
0.40
Other Income Expense
0.86
-9.00%
0.94
+24.87%
0.76
-36.58%
1.19
Tax Provision
110.88
+7.33%
103.31
+14.03%
90.59
+7.33%
84.40
Tax Rate For Calcs
0.00
-0.45%
0.00
+1.36%
0.00
-1.79%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Net Income From Continuing Operation Net Minority Interest
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Net Income From Continuing And Discontinued Operation
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Net Income Continuous Operations
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Normalized Income
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Net Income Common Stockholders
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Diluted EPS
4.92
+11.06%
4.43
+15.36%
3.84
+13.27%
3.39
Basic EPS
5.01
+11.09%
4.51
+15.35%
3.91
+13.33%
3.45
Basic Average Shares
77.63
-2.78%
79.84
-3.11%
82.41
-2.96%
84.92
Diluted Average Shares
79.04
-2.75%
81.27
-3.08%
83.85
-2.49%
86.00
Diluted NI Availto Com Stockholders
388.93
+8.00%
360.11
+11.80%
322.11
+10.39%
291.79
Average Dilution Earnings
—
0.00
0.00
+100.00%
-1.11
Loss Adjustment Expense
57.65
+82.76%
31.54
+39.46%
22.62
+729.33%
-3.59
Net Policyholder Benefits And Claims
57.65
+82.76%
31.54
+39.46%
22.62
+729.33%
-3.59
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,841.10
+14.66%
3,349.97
+13.93%
2,940.51
+16.87%
2,516.03
Cash Cash Equivalents And Short Term Investments
448.37
+25.83%
356.33
+6.91%
333.29
-12.58%
381.24
Cash And Cash Equivalents
43.94
-18.96%
54.22
-43.14%
95.35
+125.68%
42.25
Other Short Term Investments
404.43
+33.87%
302.11
+26.97%
237.94
-29.81%
338.99
Receivables
124.84
+8.49%
115.06
+10.67%
103.97
+13.92%
91.27
Accounts Receivable
124.84
+8.49%
115.06
+10.67%
103.97
+13.92%
91.27
Prepaid Assets
400.26
+24.24%
322.18
+36.93%
235.29
+52.38%
154.41
Net PPE
21.73
-15.40%
25.68
-15.11%
30.25
-5.26%
31.93
Goodwill And Other Intangible Assets
3.63
+0.00%
3.63
+0.00%
3.63
+0.00%
3.63
Goodwill
3.24
+0.00%
3.24
+0.00%
3.24
+0.00%
3.24
Other Intangible Assets
0.39
+0.00%
0.39
+0.00%
0.39
+0.00%
0.39
Investments And Advances
3,137.02
+15.18%
2,723.54
+14.87%
2,371.02
+12.94%
2,099.39
Total Liabilities Net Minority Interest
1,249.11
+10.29%
1,132.54
+11.64%
1,014.50
+12.43%
902.30
Payables And Accrued Expenses
101.59
-1.52%
103.16
+19.70%
86.19
+15.57%
74.58
Long Term Debt And Capital Lease Obligation
417.03
+0.45%
415.15
+4.41%
397.60
+0.39%
396.05
Long Term Debt
417.03
+0.45%
415.15
+4.41%
397.60
+0.39%
396.05
Non Current Deferred Liabilities
478.89
+24.00%
386.19
+28.06%
301.57
+55.56%
193.86
Non Current Deferred Taxes Liabilities
478.89
+24.00%
386.19
+28.06%
301.57
+55.56%
193.86
Stockholders Equity
2,591.99
+16.89%
2,217.43
+15.13%
1,926.00
+19.35%
1,613.73
Common Stock Equity
2,591.99
+16.89%
2,217.43
+15.13%
1,926.00
+19.35%
1,613.73
Capital Stock
0.88
+0.57%
0.88
+0.69%
0.87
+0.92%
0.86
Common Stock
0.88
+0.57%
0.88
+0.69%
0.87
+0.92%
0.86
Share Issued
88.37
+0.53%
87.90
+0.65%
87.33
+1.00%
86.47
Ordinary Shares Number
76.29
-2.95%
78.60
-2.82%
80.88
-3.19%
83.55
Treasury Shares Number
12.09
+29.93%
9.30
+44.15%
6.45
+120.77%
2.92
Additional Paid In Capital
1,016.77
+1.20%
1,004.69
+1.40%
990.82
+1.86%
972.72
Retained Earnings
1,972.18
+24.56%
1,583.26
+29.44%
1,223.15
+35.75%
901.04
Gains Losses Not Affecting Retained Earnings
-46.08
+63.08%
-124.80
+10.80%
-139.92
+31.52%
-204.32
Treasury Stock
351.77
+42.65%
246.59
+65.59%
148.92
+163.23%
56.58
Other Equity Adjustments
-46.08
+63.08%
-124.80
+10.80%
-139.92
+31.52%
-204.32
Total Equity Gross Minority Interest
2,591.99
+16.89%
2,217.43
+15.13%
1,926.00
+19.35%
1,613.73
Total Capitalization
3,009.02
+14.30%
2,632.58
+13.30%
2,323.60
+15.61%
2,009.78
Invested Capital
3,009.02
+14.30%
2,632.58
+13.30%
2,323.60
+15.61%
2,009.78
Total Debt
417.03
+0.45%
415.15
+4.41%
397.60
+0.39%
396.05
Net Debt
373.09
+3.37%
360.93
+19.42%
302.24
-14.57%
353.80
Net Tangible Assets
2,588.35
+16.92%
2,213.80
+15.16%
1,922.37
+19.39%
1,610.09
Tangible Book Value
2,588.35
+16.92%
2,213.80
+15.16%
1,922.37
+19.39%
1,610.09
Derivative Product Liabilities
—
—
—
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
419.30
+6.53%
393.60
+14.86%
342.68
+9.35%
313.39
Cash Flow From Continuing Operating Activities
419.30
+6.53%
393.60
+14.86%
342.68
+9.35%
313.39
Net Income From Continuing Operations
388.93
+8.00%
360.11
+11.80%
322.11
+9.97%
292.90
Depreciation And Amortization
11.26
-5.66%
11.94
+3.42%
11.54
-2.77%
11.87
Other Non Cash Items
—
6.97
—
—
Stock Based Compensation
20.19
+1.91%
19.81
+17.13%
16.91
+9.65%
15.43
Deferred Tax
71.77
-11.06%
80.70
-10.92%
90.59
+7.35%
84.39
Deferred Income Tax
71.77
-11.06%
80.70
-10.92%
90.59
+7.35%
84.39
Operating Gains Losses
-0.43
-1778.26%
-0.02
-169.70%
0.03
+106.86%
-0.48
Gain Loss On Investment Securities
-0.43
-1778.26%
-0.02
-169.70%
0.03
+106.86%
-0.48
Change In Working Capital
-70.74
+18.71%
-87.03
+13.79%
-100.95
-3.89%
-97.17
Change In Receivables
-9.77
+11.93%
-11.09
+12.67%
-12.70
-19.96%
-10.59
Changes In Account Receivables
-9.77
+11.93%
-11.09
+12.67%
-12.70
-19.96%
-10.59
Change In Prepaid Assets
-78.08
+10.13%
-86.89
-7.43%
-80.88
-24.11%
-65.17
Change In Payables And Accrued Expense
-2.17
-113.20%
16.45
+58.36%
10.39
+645.27%
1.39
Change In Other Working Capital
-0.13
+80.09%
-0.66
+23.40%
-0.86
+54.88%
-1.90
Change In Other Current Assets
-1.48
+19.53%
-1.83
-480.06%
-0.32
-233.90%
0.24
Investing Cash Flow
-316.47
+6.73%
-339.29
-69.64%
-200.00
+30.98%
-289.79
Cash Flow From Continuing Investing Activities
-316.47
+6.73%
-339.29
-69.64%
-200.00
+30.98%
-289.79
Net PPE Purchase And Sale
—
—
—
—
Capital Expenditure
-6.78
+1.80%
-6.91
+26.32%
-9.37
+11.35%
-10.57
Net Investment Purchase And Sale
-309.69
+6.83%
-332.38
-74.36%
-190.63
+31.73%
-279.21
Purchase Of Investment
-899.04
-37.95%
-651.69
+0.47%
-654.79
-19.59%
-547.51
Sale Of Investment
589.36
+84.57%
319.31
-31.21%
464.16
+73.00%
268.30
Net Intangibles Purchase And Sale
-6.78
+1.80%
-6.91
+26.32%
-9.37
+11.35%
-10.57
Purchase Of Intangibles
-6.78
+1.80%
-6.91
+26.32%
-9.37
+11.35%
-10.57
Financing Cash Flow
-113.20
-17.07%
-96.70
-6.94%
-90.42
-61.96%
-55.83
Cash Flow From Continuing Financing Activities
-113.20
-17.07%
-96.70
-6.94%
-90.42
-61.96%
-55.83
Net Issuance Payments Of Debt
0.00
-100.00%
14.62
0.00
0.00
Issuance Of Debt
0.00
-100.00%
419.70
0.00
0.00
Repayment Of Debt
0.00
+100.00%
-405.08
0.00
0.00
Long Term Debt Issuance
0.00
-100.00%
419.70
0.00
0.00
Long Term Debt Payments
0.00
+100.00%
-405.08
0.00
0.00
Net Long Term Debt Issuance
—
14.62
—
—
Net Common Stock Issuance
-105.10
-7.67%
-97.61
-6.55%
-91.61
-61.93%
-56.58
Common Stock Payments
-105.10
-7.67%
-97.61
-6.55%
-91.61
-61.93%
-56.58
Repurchase Of Capital Stock
-105.10
-7.67%
-97.61
-6.55%
-91.61
-61.93%
-56.58
Proceeds From Stock Option Exercised
2.88
-32.98%
4.29
-59.33%
10.55
+77.00%
5.96
Net Other Financing Charges
-10.98
+39.01%
-18.00
-92.43%
-9.36
-79.47%
-5.21
Changes In Cash
-10.37
+75.53%
-42.38
-181.09%
52.26
+262.21%
-32.22
Beginning Cash Position
54.31
-43.83%
96.69
+117.64%
44.43
-42.04%
76.65
End Cash Position
43.94
-19.10%
54.31
-43.83%
96.69
+117.64%
44.43
Free Cash Flow
412.52
+6.68%
386.70
+16.02%
333.31
+10.07%
302.82
Interest Paid Supplemental Data
31.45
+124.43%
14.01
-52.50%
29.50
+0.00%
29.50
Income Tax Paid Supplemental Data
42.36
+111.52%
20.03
+100035.00%
0.02
—
Amortization Of Securities
-4.09
-279.31%
-1.08
-324.12%
0.48
-91.59%
5.72
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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