Zacks Research Predicts NMI's Q1 Earnings (NASDAQ:NMIH)

Key Points

• Zacks Research slightly cut NMI's Q1 2026 EPS estimate to $1.22 (from $1.23) and now projects FY2026 EPS of $5.12, while the consensus full-year estimate stands at $4.62.
• Analyst sentiment is broadly positive—four Buys and one Hold produce a "Moderate Buy" consensus with a $43.00 average target—while the stock trades around $38.70 with a PE of 7.88 and a market cap near $2.94 billion.
• Insider selling accelerated recently: insiders sold 113,057 shares last quarter (including Chairman Bradley Shuster's 55,000-share sale), totaling roughly $4.5 million and leaving insiders owning about 3% of the company.

NMI Holdings Inc (NASDAQ:NMIH - Free Report) - Stock analysts at Zacks Research decreased their Q1 2026 earnings per share estimates for shares of NMI in a note issued to investors on Thursday, March 5th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $1.22 for the quarter, down from their prior estimate of $1.23. The consensus estimate for NMI's current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI's Q2 2026 earnings at $1.31 EPS, Q3 2026 earnings at $1.30 EPS, FY2026 earnings at $5.12 EPS, Q1 2027 earnings at $1.36 EPS and FY2028 earnings at $5.63 EPS.

NMIH has been the topic of several other research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of NMI in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised shares of NMI from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $46.00 to $48.00 in a research note on Thursday, December 18th. UBS Group set a $43.00 price target on shares of NMI in a research report on Monday, January 12th. JPMorgan Chase & Co. upped their price objective on shares of NMI from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, January 12th. Finally, Barclays boosted their price target on NMI from $43.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.

NMI Stock Performance

NMI stock opened at $38.70 on Friday. The firm has a fifty day simple moving average of $39.45 and a two-hundred day simple moving average of $38.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI has a twelve month low of $31.90 and a twelve month high of $43.20. The company has a market capitalization of $2.94 billion, a PE ratio of 7.88, a P/E/G ratio of 1.08 and a beta of 0.63.

NMI (NASDAQ:NMIH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million for the quarter, compared to the consensus estimate of $180.69 million. During the same period last year, the firm posted $1.07 earnings per share.

Insider Transactions at NMI

In other news, Chairman Bradley M. Shuster sold 55,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $39.63, for a total value of $2,179,650.00. Following the completion of the transaction, the chairman owned 415,411 shares in the company, valued at $16,462,737.93. This trade represents a 11.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total value of $638,240.00. Following the completion of the transaction, the executive vice president owned 38,733 shares of the company's stock, valued at approximately $1,545,059.37. This trade represents a 29.23% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 113,057 shares of company stock valued at $4,495,886. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On NMI

Hedge funds have recently bought and sold shares of the business. Walleye Capital LLC bought a new position in NMI during the 2nd quarter valued at approximately $13,245,000. Exchange Traded Concepts LLC bought a new stake in NMI in the third quarter worth $1,926,000. Capital Fund Management S.A. purchased a new stake in shares of NMI in the second quarter worth $1,298,000. Public Sector Pension Investment Board increased its holdings in shares of NMI by 5.4% during the third quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider's stock valued at $22,906,000 after acquiring an additional 30,341 shares in the last quarter. Finally, Jump Financial LLC raised its position in shares of NMI by 184.6% in the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider's stock worth $8,156,000 after purchasing an additional 125,401 shares during the last quarter. Institutional investors own 94.12% of the company's stock.

NMI Company Profile

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.

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