NMI Holdings Inc
NMIH Mid CapFinancial Services · Insurance - Specialty
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
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.
NMI Holdings Inc Stock at a Glance
NMI Holdings Inc (NMIH) is currently trading at $37.05 with a market capitalization of $2.8B. The trailing P/E ratio stands at 7.53x, with a forward P/E of 6.85x. The 52-week range spans from $34.84 to $43.20; the current price is 14.2% below the yearly high. Year-over-year revenue growth stands at +5.9%. The net profit margin stands at 53.82%.
💰 Dividend
NMI Holdings Inc currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
7 analysts rate NMI Holdings Inc (NMIH) on consensus: None. The average price target is $46.14, implying +24.54% from the current price. Analyst price targets range from $43.00 to $49.00.
NMI Holdings Inc: The Investment Case in Detail
NMI Holdings Inc (NMIH) operates in the Financial Services — specifically Insurance - Specialty — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
With a gross margin near 76.01%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Free cash flow is positive and net margins stand at 53.82%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.
Valuation in Context
The EV/EBITDA multiple of 5.9x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.
What to Watch Next
- The analyst consensus price target implies 24.54% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- Profitable with 53.82% net margin
- High return on equity (15.57% ROE)
- High gross margin of 76.01% — indicates pricing power
- Currently flagged as undervalued
- Solid balance sheet with low debt (D/E 16.17)
- Positive free cash flow
No significant red flags in current metrics.
Technical Snapshot
Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).
Risk Profile
The data points to relatively defensive market behavior.
Trading Data
Related Stocks in the Same Sector
More Financial Services stocks
Top peers in the same sector — ranked by market cap.
Where can I buy NMI Holdings Inc?
Compare top-rated brokers — low fees, trusted providers, fully regulated.
Live Market Data
Real-time chart, financials, earnings, analysts, insider trades, events & news