NMIH

NMI Holdings Inc

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39.250

+0.27(0.693%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

39.460

Open

38.940

VWAP

39.24

Vol

365.96K

Mkt Cap

3.04B

Low

38.900

Amount

14.36M

EV/EBITDA(TTM)

6.39

Total Shares

80.28M

3.36B

EV/OCF(TTM)

8.52

P/S(TTM)

4.60

NMI Holdings, Inc. provides mortgage insurance (MI), through its wholly owned insurance subsidiaries, National Mortgage Insurance Corporation (NMIC) and National Mortgage Reinsurance Inc One (Re One). NMIC is its primary insurance subsidiary and is licensed to write MI coverage in all 50 states and District of Columbia (D.C.). Its subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. It offers two principal types of MI coverage, primary and pool. Primary MI provides default protection on individual mortgage loans at specified coverage percentages. All its primary insurance is written on first-lien mortgage loans, with nearly all secured by owner-occupied single-family homes (defined as one-to-four family homes and condominiums). Pool insurance is generally used to provide additional credit enhancement for certain secondary market mortgage transactions. It offers outsourced loan review services to mortgage originators through NMIS.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

181.29M

+4.64%

1.250

-2.37%

179.57M

+7.85%

1.193

+11.53%

177.01M

+6.57%

1.207

+4.97%

Estimates Revision

The market is revising No Change the revenue expectations for NMI Holdings, Inc. (NMIH) for FY2025, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by 2.75%.

Revenue Estimates for FY2025

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.28%

In Past 3 Month

Stock Price

Go Up

+2.75%

In Past 3 Month

6 Analyst Rating

13.81% Upside

Wall Street analysts forecast NMIH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NMIH is 44.67 USD with a low forecast of 42.00 USD and a high forecast of 49.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

2 Hold

0 Sell

Moderate Buy

13.81% Upside

Current: 39.250

Low

42.00

Averages

44.67

High

49.00

13.81% Upside

Current: 39.250

Low

42.00

Averages

44.67

High

49.00

JPMorgan

Overweight

maintain

$41 -> $44

2025-07-11

Reason

JPMorgan

Price Target

$41 -> $44

2025-07-11

maintain

Overweight

Reason

JPMorgan raised the firm's price target on NMI Holdings to $44 from $41 and keeps an Overweight rating on the shares. The firm established year-end 2026 price targets in the consumer finance group heading into the Q2 reports. While tariff uncertainty remains elevated, the probability of "left-tailed scenarios" has diminished, which warrants a more constructive outlook, the analyst tells investors in a research note.

Barclays

Equal Weight

maintain

$41 -> $42

2025-07-08

Reason

Barclays

Price Target

$41 -> $42

2025-07-08

maintain

Equal Weight

Reason

Barclays raised the firm's price target on NMI Holdings to $42 from $41 and keeps an Equal Weight rating on the shares as part of a Q2 preview for the mortgage finance sector. The origination environment remains challenging, and investors should own balanced business models with meaningful servicing segments, the analyst tells investors in a research note.

Keefe Bruyette

Bose George

Outperform -> Market Perform

downgrade

$42 -> $43

2025-07-06

Reason

Keefe Bruyette

Bose George

Price Target

$42 -> $43

2025-07-06

downgrade

Outperform -> Market Perform

Reason

Keefe Bruyette analyst Bose George downgraded NMI Holdings to Market Perform from Outperform with a price target of $43, up from $42. The firm says that while operating trends for the mortgage insurers have remained strong year-to-date, it sees a lack of near-term positive catalysts. Credit risk could increase modestly in the back half of 2025 as the pace of home price appreciation is likely to slow, the analyst tells investors in a research note. As such, Keefe sees mortgage insurer valuations as range-bound. It downgraded three names in the sector.

Compass Point

Buy

maintain

$34 -> $37

2025-05-23

Reason

Compass Point

Price Target

$34 -> $37

2025-05-23

maintain

Buy

Reason

Compass Point raised the firm's price target on NMI Holdings to $37 from $34 and keeps a Buy rating on the shares. The firm updating models, estimates and price targets for the mortgage insurance sector post Q1 earnings. With higher mortgage rates, recently rising to 7.00%, industry growth "will remain muted" through fiscal 2026 and potentially into 2026, the analyst tells investors in a research note. The firm believes this should sustain the trend of low single-digit insurance-in-force growth across the sector, thereby adding pressure and limiting organic earnings growth despite continued capital return strategies and share repurchases. Compass says NMI is the best positioned in the near-term.

Keefe, Bruyette & Woods

Bose George

Buy

Maintains

$43 → $42

2025-04-08

Reason

Keefe, Bruyette & Woods

Bose George

Price Target

$43 → $42

2025-04-08

Maintains

Buy

Reason

JP Morgan

Richard Shane

Buy

Maintains

$42 → $41

2025-04-08

Reason

JP Morgan

Richard Shane

Price Target

$42 → $41

2025-04-08

Maintains

Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for NMI Holdings Inc (NMIH.O) is 7.93, compared to its 5-year average forward P/E of 7.38. For a more detailed relative valuation and DCF analysis to assess NMI Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

7.38

Current PE

7.93

Overvalued PE

8.52

Undervalued PE

6.25

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.74

Current PS

4.19

Overvalued PS

4.24

Undervalued PS

3.24