Zacks Research Weighs in on NMI's Q1 Earnings (NASDAQ:NMIH)

NMI Holdings, Inc. (NASDAQ:NMIH - Free Report) - Investment analysts at Zacks Research boosted their Q1 2026 earnings per share (EPS) estimates for NMI in a report released on Monday, May 19th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.25 for the quarter, up from their prior forecast of $1.22. The consensus estimate for NMI's current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI's Q1 2027 earnings at $1.36 EPS and FY2027 earnings at $5.23 EPS.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.18. The company had revenue of $173.25 million during the quarter, compared to analyst estimates of $169.04 million. NMI had a return on equity of 17.33% and a net margin of 55.32%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share.

NMIH has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price objective on NMI from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on NMI from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price target on NMI from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Wall Street Zen raised NMI from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Finally, Compass Point reaffirmed a "buy" rating and set a $37.00 price target (up previously from $34.00) on shares of NMI in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, NMI has a consensus rating of "Moderate Buy" and an average price target of $42.29.

NMI Price Performance

NASDAQ:NMIH traded up $0.66 during trading hours on Thursday, hitting $38.62. 195,847 shares of the company's stock traded hands, compared to its average volume of 549,303. The firm has a market cap of $3.02 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.41 and a beta of 0.56. NMI has a 52 week low of $31.60 and a 52 week high of $42.49. The business's fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $36.64. The company has a quick ratio of 0.83, a current ratio of 0.60 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in shares of NMI during the 1st quarter worth approximately $1,224,000. Jane Street Group LLC grew its holdings in shares of NMI by 1,312.9% during the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider's stock worth $8,081,000 after acquiring an additional 208,287 shares during the period. Caxton Associates LLP purchased a new position in shares of NMI during the 1st quarter worth approximately $428,000. Sciencast Management LP purchased a new position in shares of NMI during the 1st quarter worth approximately $529,000. Finally, Voleon Capital Management LP purchased a new position in shares of NMI during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 94.12% of the company's stock.

Insider Transactions at NMI

In related news, EVP Robert Owen Smith sold 20,000 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $36.58, for a total transaction of $731,600.00. Following the transaction, the executive vice president now owns 84,566 shares in the company, valued at $3,093,424.28. The trade was a 19.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Leatherberry sold 13,111 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $35.56, for a total value of $466,227.16. Following the transaction, the insider now owns 163,796 shares in the company, valued at approximately $5,824,585.76. This represents a 7.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,152 shares of company stock worth $3,358,017. Company insiders own 3.00% 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.