NMI HOLDINGS INC (NMIH)
Financials · mortgage insurance · NASDAQ
A specialized private mortgage insurer that provides credit enhancement for residential mortgages, supporting accessibility to homeownership.
What NMI HOLDINGS INC does
NMI Holdings, Inc. provides private mortgage guaranty insurance through its subsidiary, National Mortgage Insurance Corporation. The company offers borrower-paid mortgage insurance (BPMI) and lender-paid mortgage insurance (LPMI) to help lenders mitigate credit risk associated with residential mortgage loans. Its services primarily support the U.S. housing market by enabling low-down-payment homeownership.
Themes: mortgage insurance, U.S. housing market, credit risk management, residential finance
Fundamentals
- Price$45.16 as of 2026-08-21 close
- Market cap$3.4B as of 2026-08-21
- 1-year return+15.1% 2025-08-21 close $39.23 → 2026-08-21 close $45.16
- P/E8.65 as of 2026-08-24
- Net margin+54.1% as of 2026-08-24
- ROE+15.1% as of 2026-08-24
- Debt / equity0.15 as of 2026-08-24
- Revenue growth (YoY)+7.5% as of 2026-08-24
- Revenue CAGR (3y)+10.5% SEC XBRL
- Beta0.55 as of 2026-08-24
- Last reported earnings2026-07-30 SEC EDGAR Form 8-K (Item 2.02)
How NMIH compares in its sector
- price-to-earnings ratiobottom 25% 525 covered Financials peers, as of 2026-08-24
- net profit margintop 10% 538 covered Financials peers, as of 2026-08-24
- operating margintop 10% 534 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 347 covered Financials peers
- free cash flow (absolute dollars, latest fiscal year)top 25% 431 covered Financials peers, as of FY2025
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
NMIH is not currently in any published Top 10 list. Its scores are below.
Long-term score
Not scored for the long-term list: no shareholder return data.
Short-term score
56.0 #422 of 1,704 scored · #70 of 277 in Financials
Volume and participation 69th: it gapped 4.2% above the previous close and has not traded back through the level it left behind — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed; trend 69th: a strong uptrend, with buyers in control; weakest is catalysts 33rd: open-market insider buys in 90 days 0, analysts' average price target is unchanged from the prior reading.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
How NMI HOLDINGS INC looks technically
NMI HOLDINGS INC (NMIH) is trading 14.6% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 27 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 39, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 62, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It made a new 20-day high about 6 trading days ago. It is 3.3% below its all-time high. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 6% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 14.6% above its 200-day average, the long-term trend line — a longer-term uptrend | +14.6% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $42.09 | $42.09 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $39.42 | $39.42 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 46.725. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a five-part sequence in leg 4. | possible three-wave upward correction, complete (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 27 trading days ago — a "golden cross", a bullish long-term signal | 27 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 39, with buyers in control | 39.1 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 62, neither overbought (above 70) nor oversold (below 30) | 61.6 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($43.69 to $46.27) — its "stochastic" reading is 57 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 57.1 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $46.73 | $46.73 |
|---|---|---|
| From the 52-week high | it is 3.3% below its 52-week high (its highest price of the past year) | -3.4% |
| Above the 52-week low | it is 29.6% above its 52-week low (its lowest price of the past year) | +29.6% |
| Below the 52-week high | it is 3.3% below its highest point of the past year | 3.4% |
| Since a 20-day breakout | it made a new 20-day high about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day high about 6 trading days ago | 6 sessions |
| All-time high | its highest closing price on record is $46.73 (set on 2026-07-31) | $46.73 |
| Given back of the 52-week move | over the past year its closes ranged ($35.35 to $45.71), and it has given back only a small part of its rise from last year’s low — 5% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $38.98 to $39.31. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 5.3% |
| From the all-time high | it is 3.3% below its all-time high | -3.4% |
| Nearest price level | it is trading 4.2% above a support level at $43.28 — a price it turned at twice since 2025-07-03, most recently on 2026-07-17. Since 2024-08-21 it has 7 such levels below the current price and 0 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -4.2% |
| All-time low | its lowest closing price on record is $4.19 (set on 2016-02-09) | $4.19 |
| Above the all-time low | it is 977.8% above its all-time low | +977.8% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 6% of the past ~6 months), which often precedes a bigger move | 6th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.9013 between its high and its low — about 2.0% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.9013 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $43.22 and $46.16 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $43.22 – $44.69 – $46.16 |
| Typical daily range (% of price) | its price moves about 2.0% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 2.0% |
| Stretch from the 200-day average | it is trading 6.4 daily ranges above its 200-day average price (14.6% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 6.4 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.91× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
2
| Since a doji | 1 session ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 1 session ago |
|---|---|---|
| Since a bearish engulfing | today it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | today |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.4% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.3% |
|---|---|---|
| Open gap | it gapped 4.2% above the previous close 15 sessions ago and has not traded back through the level it left behind at 43.44 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +4.2% |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -1.1% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 5.6 percentage points (the stock gained 7.9% while the market gained 2.3%) | +5.6% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 16.5 percentage points (the stock gained 19.6% while the market gained 3.1%) | +16.5% |
| vs market, 6 months | over the past 6 months this stock beat the market by 4.6 percentage points (the stock gained 15.7% while the market gained 11.1%) | +4.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 5.4 percentage points (the stock gained 15.1% while the market gained 20.5%) | -5.4% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: MACD momentum is negative — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 11% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 3.4% of the share price. | +11.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 14% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $39.53 — a volume-weighted average of daily closes over 158 sessions, not a true tick-by-tick VWAP. | +14.3% |
|---|---|---|
| Vs the average paid since it last reported | the price is 1% above the average price paid since it last reported on 2026-07-30 (its 8-K), so the typical buyer over that stretch is showing a gain. That average is $44.77 — a volume-weighted average of daily closes over 17 sessions, not a true tick-by-tick VWAP. | +0.9% |
Price levels it has turned at before
NMIH last closed at $45.16 on 2026-08-21. Since 2024-08-21 it has turned at 7 prices below its last close and 0 above; the 3 nearest below are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $43.28 | Support | 4.2% below the last close | turned there twice · 2025-07-03 to 2026-07-17 |
| $42.08 | Support | 6.8% below the last close | turned there 7 times · 2024-09-04 to 2026-04-28 |
| $40.20 | Support | 11.0% below the last close | turned there 12 times · 2024-09-25 to 2026-07-15 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $46.73.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
Alternate reading: The same swings also read as a five-part sequence in leg 4, which fails on a close below $43.35.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Recent golden cross (50-day crossed above 200-day) · MACD just crossed bearish (12/26/9) · in a Bollinger Band volatility squeeze · in a strong, established uptrend (ADX) · Near the all-time high | Learn: moving average · golden cross · adx · rsi · macd · breakout · all time high · bollinger bands
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$49.17 range $43.00 – $53.00; median $50.50
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for NMIH
- Consensus EPS estimate$1.29 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Changes in business practices, policies, or pricing of Fannie Mae and Freddie Mac (GSEs)","Sensitivity to U.S. housing market conditions, economic downturns, and home price declines","Ability to maintain eligibility under private mortgage insurer eligibility requirements (PMIERs)"]
What changed in the latest 10-Q
AI-assisted comparison of NMIH's 10-Q filed 2026-05-01 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Reference to '2025 10-K' instead of '2024 10-K' (filed 2026-05-01)
- Reference to 'Glossary of Abbreviations and Acronyms' in introductory paragraph (filed 2026-05-01)
- Updated customer count to 2,209 as of March 31, 2026 (filed 2026-05-01)
- Updated IIF to $222.3 billion as of March 31, 2026 (filed 2026-05-01)
- Updated RIF to $59.5 billion as of March 31, 2026 (filed 2026-05-01)
- Updated employee count to 225 as of March 31, 2026 (filed 2026-05-01)
- Expanded Rate GPS description to include 'individual and layered risk variables, including borrower credit, loan-level, product and lender attributes, as well as market and geographic factors' (filed 2026-05-01)
- Removed:
- Reference to '2024 10-K' replaced with '2025 10-K' (filed 2025-11-05)
- Customer count of 2,172 as of September 30, 2025 replaced (filed 2025-11-05)
- IIF of $218.4 billion as of September 30, 2025 replaced (filed 2025-11-05)
- RIF of $58.5 billion as of September 30, 2025 replaced (filed 2025-11-05)
- Employee count of 228 as of September 30, 2025 replaced (filed 2025-11-05)
- Rate GPS description including 'property type, type of loan product, borrower credit characteristics' replaced (filed 2025-11-05)
- Reworded:
- Changed 'high- loan-to-value (LTV)' to 'high-LTV' in MI definition section (filed 2026-05-01)
- Changed 'insurance-in-force (IIF)' and 'risk-in-force (RIF)' full spellings in customer metrics to use abbreviated forms only (filed 2026-05-01)
- Changed 'negatively impact our future new insurance written (NIW) volume' to 'negatively impact our future NIW volume' with acronym already defined earlier (filed 2026-05-01)
- Notes:
- Text is truncated at the end of both filings during the 'Net Premiums Written and Net Premiums Earned' section, limiting full comparison of that section
- All substantive changes reflect period-end updates (September 30, 2025 to March 31, 2026) rather than policy or disclosure methodology changes
Risk Factors
- Added:
- Added glossary section with acronyms and abbreviations (filed 2026-05-01)
- Added reference to 'international trade policies in areas such as tariffs or other trade restrictions' as economic risk factor (filed 2026-05-01)
- Added 'LTV' definition to glossary (filed 2026-05-01)
- Removed:
- Removed glossary of abbreviations section from older filing (filed 2025-11-05)
- Removed multiple risk factors that appear in older filing but not in newer filing excerpt, including: decrease in length of insurance policies in force; emergence of unexpected claim/coverage issues; natural disasters impacts; climate risk; man-made disasters/pandemics; counter-party obligations; IT systems failure; cybersecurity risks; ability to recruit/retain personnel (filed 2025-11-05)
- Reworded:
- Older filing specified 'loan-to-value (LTV) mortgages' with abbreviation in parentheses; newer filing uses 'loan-to-value mortgages' without parenthetical LTV abbreviation (consistent with separate glossary addition)
- Older filing listed 'Federal Housing Administration, the U.S. Department of Agriculture's Rural Housing Service and the U.S. Department of Veterans Affairs'; newer filing lists same agencies with acronyms: '(FHA), the U.S. Department of Agriculture's Rural Housing Service (USDA) and the U.S. Department of Veterans Affairs(VA)'
- Notes:
- Newer filing text appears truncated mid-sentence ('failure of risk management or pricing or inve'), making complete comparison of remaining risk factors impossible
- Page numbering differs between filings (Item 1A on page 51 in newer vs. page 53 in older), suggesting document restructuring
- Multiple risk factors present in older filing are absent from the provided excerpt of newer filing, but absence may be due to truncation rather than actual removal
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 2 open-market sales by insiders in the last 90 days.
- Last 30 days0 buys · 2 sells ($1M) — 2 selling insiders
- Last 90 days0 buys · 2 sells ($1M) — 2 selling insiders
- Last 180 days0 buys · 5 sells ($3M) — 4 selling insiders
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-08-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about NMIH's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding NMIH as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 17,603,846
- Reported value $660,320,263
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 2 increased, 3 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
NMIH had 1,829,392 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
NMIH had 2.43% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.87 days to cover at the same settlement.
- Reported short interest (shares) 1,829,392
- Short interest (% of shares outstanding) 2.43%
- Prior settlement (shares) 2,079,996
- Reported change -12.05%
- Days to cover (reported) 3.87
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Radian Group (RDN)
- MGIC Investment Corporation (MTG)
- Essent Group (ESNT)
- Enact Holdings (ACT)
- Arch Capital Group (ACGL)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does NMI HOLDINGS INC (NMIH) do?
NMI Holdings, Inc. provides private mortgage guaranty insurance through its subsidiary, National Mortgage Insurance Corporation. The company offers borrower-paid mortgage insurance (BPMI) and lender-paid mortgage insurance (LPMI) to help lenders mitigate credit risk associated with residential mortgage loans. Its services primarily support the U.S. housing market by enabling low-down-payment homeownership.
What sector is NMI HOLDINGS INC (NMIH) in?
NMI HOLDINGS INC (NMIH) is classified in the Financials sector. Its industry is mortgage insurance. It trades on NASDAQ.
Who are NMI HOLDINGS INC's (NMIH) competitors?
Notable peers of NMI HOLDINGS INC (NMIH) include Radian Group, MGIC Investment Corporation, Essent Group, Enact Holdings and Arch Capital Group. This peer set is informational only — not financial advice.
Is NMI HOLDINGS INC (NMIH) overbought or oversold right now?
NMI HOLDINGS INC (NMIH) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 62, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on NMIH come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.