NMI Holdings, Inc. (NMIH) Stock Price & Analysis
NMI Holdings, Inc. (NMIH) closed at USD 41.49 on Thursday, October 22, 2026, up 1.77% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 40.77; the Oct 22, 2026 session ranged USD 40.69–42.57 on volume of 1,865,220 shares. Market capitalization is $3.12B, with a 52-week range of USD 34.84–46.74 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NMIH.md
Key facts (NMIH)
- Last four reported quarters (through Jun 30, 2026): revenue $731M, net income $395M (54.1% margin), free cash flow $442M (SEC filings).
- 1 of 80 tracked superinvestors hold NMIH (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (7 analysts), mean target USD 49.14 (range 43–54).
- Total return with dividends: 1Y +12.7% vs S&P 500 +14.9%; 5Y +68.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 1.31, revenue estimate $190M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NMIH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $485M | $523M | $579M | $651M | $706M | $731M |
| Net income | $231M | $293M | $322M | $360M | $389M | $395M |
| EPS (diluted) | $2.65 | $3.39 | $3.84 | $4.43 | $4.92 | — |
| Free cash flow | $313M | $303M | $333M | $387M | $413M | $442M |
| Net margin | 47.6% | 56.0% | 55.6% | 55.3% | 55.1% | 54.1% |
| Revenue growth | +12.0% | +7.9% | +10.6% | +12.4% | +8.5% | — |
| Cash + short-term investments | $76.6M | $44.4M | $96.7M | $54.3M | $43.9M | — |
| Total debt | $395M | $396M | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NMIH)
P/E at fiscal year-ends: Dec 2025 8.3x, Dec 2024 8.3x, Dec 2023 7.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (NMIH)
1 of 80 tracked investors hold NMIH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $11.9M | Added +5.6% |
Analysts (NMIH)
Consensus Buy (mean 2.00 on a 1–5 scale), 7 analysts; mean target USD 49.14 (low 43, high 54).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | JP Morgan | Target lowered | Overweight | $50 → $45 |
| 2026-07-31 | JP Morgan | Target raised | Overweight | $48 → $50 |
| 2026-07-31 | Truist Securities | Target raised | Buy | $49 → $51 |
| 2026-07-13 | JP Morgan | Target raised | Overweight | $43 → $48 |
| 2026-06-25 | Keefe, Bruyette & Woods | Target raised | Outperform | $46 → $47 |
Total return (dividends reinvested) (NMIH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +12.7% | +68.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.7% | +11.0% |
| Volatility (annualized) | 25.4% | 26.8% |
| Max drawdown | -18.4% (Aug 2026→Sep 2026) | -37.7% (Feb 2022→Jun 2022) |
NMIH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.31 | $1.28 | +2.1% | $190.2M | 7 |
| Next quarter (ends Dec 2026) | $1.30 | $1.28 | +1.3% | $192.0M | 6 |
| Current fiscal year (ends Dec 2026) | $5.28 | $5.13 | +3.0% | $753.3M | 7 |
| Next fiscal year (ends Dec 2027) | $5.51 | $5.35 | +2.9% | $794.0M | 6 |
NMIH options: expected move
Options price a move of about ±10.4% (±$4.25) by Nov 20, 2026, which includes earnings on Nov 5, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 44.4% | ±10.4% |
| Dec 18, 2026 | 56 | 41.6% | ±13.2% |
| Mar 19, 2027 | 147 | 33.3% | ±17.0% |
30-day implied volatility 34.1% vs 32.6% realized over the last 30 trading days. Put/call ratio (volume) 0.5. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 41.49 |
|---|---|
| Change | ▲ 1.77% (up) |
| Previous Close | USD 40.77 |
| Open | USD 41.02 |
| Day Range | USD 40.69 – 42.57 |
| 52-Week Range | USD 34.84 – 46.74 |
| Volume | 1,865,220 shares |
| Market Cap | $3.12B |
| Exchange | NGM |
Technical Analysis (NMIH)
Nexqual's technical model rates NMIH "NEUTRAL" based on 2 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 51.27 (neutral) |
| vs SMA50 | Below (USD 42.61) |
| MACD | -0.33 (negative) |
Analyst Ratings (NMIH)
Wall Street analysts rate NMIH "Buy" based on 7 analysts, with a mean price target of USD 49.14 (range USD 43–54), per Nexqual as of October 23, 2026 at 09:27 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 49.14 |
| High Target | USD 54 |
| Low Target | USD 43 |
| Buy / Hold / Sell | 5 / 2 / 0 |
Earnings (NMIH)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 1.31 |
| Revenue Estimate | $190.21M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.38 vs est 1.28 ▲ beat |
| 2026-03-31 | USD 1.28 vs est 1.23 ▲ beat |
| 2025-12-31 | USD 1.2 vs est 1.19 ▲ beat |
| 2025-09-30 | USD 1.21 vs est 1.21 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (NMIH)
| Total Revenue | $730.78M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.10% |
| Gross Margin | +76.38% |
| Operating Margin | +76.67% |
| Profit Margin | +54.10% |
| ROE | +15.43% |
| Debt / Equity | 0.16 |
| Current Ratio | 2.03 |
| Total Cash | $161.26M |
| Total Debt | $426.15M |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (NMIH)
| Insider Ownership | +1.58% |
|---|---|
| Institutional Ownership | +101.28% |
| Shares Outstanding | 75.22M |
| Float | 73.91M |
| Short % of Float | +3.58% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AGO | Assured Guaranty Ltd. | USD 70.31 | ▲ 1.5% |
| RDN | Radian Group Inc. | USD 34.7 | ▲ 2.12% |
| MTG | MGIC Investment Corporation | USD 27.74 | ▲ 1.57% |
| ESNT | Essent Group Ltd. | USD 65.7 | ▲ 2.62% |
| ACT | Enact Holdings, Inc. | USD 46.92 | ▲ 2.78% |
| FAF | First American Corporation (New | USD 65.07 | ▼ 2.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
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