Research Analysts Offer Predictions for NMI Q2 Earnings

Key Points

• Zacks Research has revised its Q2 2026 earnings estimate for NMI Holdings from $1.25 to $1.24 per share, with a full-year forecast of $4.62 EPS.
• Analysts' ratings for NMI vary, with three firms giving a "buy" rating while three others have issued a "hold" rating, resulting in a consensus rating of "Moderate Buy."
• NMI Holdings shares recently opened at $39.30 and have seen a 12-month high of $43.20 amidst strong institutional buying activity.

NMI Holdings Inc (NASDAQ:NMIH - Free Report) - Equities research analysts at Zacks Research decreased their Q2 2026 earnings per share estimates for shares of NMI in a note issued to investors on Monday, August 18th. Zacks Research analyst Team now expects that the financial services provider will earn $1.24 per share for the quarter, down from their prior estimate of $1.25. The consensus estimate for NMI's current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI's Q3 2026 earnings at $1.23 EPS and FY2026 earnings at $5.01 EPS.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. increased their target price on NMI from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen lowered NMI from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods downgraded NMI from an "outperform" rating to a "market perform" rating and raised their target price for the company from $42.00 to $43.00 in a research note on Monday, July 7th. Compass Point reiterated a "buy" rating and issued a $37.00 price target (up from $34.00) on shares of NMI in a research note on Friday, May 23rd. Finally, Barclays lifted their price target on NMI from $41.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, NMI has an average rating of "Moderate Buy" and a consensus price target of $42.33.

NMI Price Performance

NASDAQ:NMIH traded up $1.12 during trading hours on Thursday, reaching $40.35. 334,665 shares of the company traded hands, compared to its average volume of 420,311. NMI has a 1-year low of $31.90 and a 1-year high of $43.20. The firm's 50-day moving average is $39.56 and its 200-day moving average is $37.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $3.13 billion, a P/E ratio of 8.57, a P/E/G ratio of 1.17 and a beta of 0.57.

NMI (NASDAQ:NMIH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The business had revenue of $149.07 million for the quarter, compared to analysts' expectations of $173.39 million. NMI had a return on equity of 16.51% and a net margin of 55.57%.The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS.

Insider Activity

In other NMI news, Chairman Bradley M. Shuster sold 21,545 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $39.56, for a total value of $852,320.20. Following the transaction, the chairman owned 409,792 shares of the company's stock, valued at approximately $16,211,371.52. This represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NMIH. American Century Companies Inc. raised its stake in NMI by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 2,249,799 shares of the financial services provider's stock valued at $94,919,000 after purchasing an additional 115,854 shares during the period. Assenagon Asset Management S.A. raised its stake in NMI by 70.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,034,419 shares of the financial services provider's stock valued at $73,341,000 after purchasing an additional 844,037 shares during the period. Geode Capital Management LLC raised its stake in NMI by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,966,970 shares of the financial services provider's stock valued at $82,996,000 after purchasing an additional 5,628 shares during the period. Millennium Management LLC raised its stake in NMI by 209.9% during the 1st quarter. Millennium Management LLC now owns 1,432,950 shares of the financial services provider's stock valued at $51,658,000 after purchasing an additional 970,551 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in NMI by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,290,675 shares of the financial services provider's stock valued at $47,445,000 after purchasing an additional 4,570 shares during the period. Institutional investors own 94.12% of the company's stock.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It 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.