Zacks Research Analysts Reduce Earnings Estimates for NMI

NMI Holdings Inc (NASDAQ:NMIH) – Equities research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for NMI in a research report issued on Monday, August 17th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for NMI’s current full-year earnings is $5.23 per share. Zacks Research also issued estimates for NMI’s Q1 2028 earnings at $1.41 EPS and FY2028 earnings at $5.66 EPS.

NMI (NASDAQ:NMIH) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. NMI had a net margin of 54.10% and a return on equity of 15.13%. The business had revenue of $187.89 million during the quarter, compared to the consensus estimate of $156.26 million. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.

A number of other analysts also recently weighed in on NMIH. UBS Group set a $46.00 price target on NMI in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on NMI from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $47.00 price target on shares of NMI in a research note on Monday, August 3rd. Finally, Truist Financial increased their price target on NMI from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NMI presently has an average rating of “Moderate Buy” and an average target price of $48.33.

NMI Price Performance

Shares of NASDAQ NMIH opened at $45.56 on Tuesday. The company has a market capitalization of $3.43 billion, a PE ratio of 8.97, a P/E/G ratio of 1.24 and a beta of 0.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.15. NMI has a twelve month low of $34.84 and a twelve month high of $46.74. The firm has a fifty day simple moving average of $41.50 and a 200 day simple moving average of $39.52.

Insider Activity

In other news, EVP Robert Owen Smith sold 12,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total transaction of $535,800.00. Following the transaction, the executive vice president owned 96,381 shares in the company, valued at approximately $4,303,411.65. This represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Aurora Swithenbank sold 11,662 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $44.51, for a total transaction of $519,075.62. Following the transaction, the executive vice president directly owned 50,734 shares in the company, valued at $2,258,170.34. This trade represents a 18.69% decrease in their position. The SEC filing for this sale provides additional information. 2.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NMI

A number of hedge funds have recently added to or reduced their stakes in NMIH. Dimensional Fund Advisors LP increased its holdings in shares of NMI by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,351,808 shares of the financial services provider’s stock valued at $163,237,000 after acquiring an additional 34,372 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of NMI by 5.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 2,016,030 shares of the financial services provider’s stock worth $82,234,000 after purchasing an additional 106,400 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NMI by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,982,722 shares of the financial services provider’s stock worth $80,887,000 after purchasing an additional 5,274 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of NMI by 22.7% in the 1st quarter. Bank of America Corp DE now owns 1,304,633 shares of the financial services provider’s stock worth $48,937,000 after purchasing an additional 241,724 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in NMI in the 2nd quarter valued at $36,262,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

About NMI

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.