NMIH
BULLISH
$38.85
Live
NMI Holdings, Inc. · NASDAQ
Target $46.29
(+19.1%)
$32.71
52W Range
$43.2
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 15, 2026
Market cap
$2.96B
P/E
7.96
ROE
16.2%
Profit margin
55.1%
Debt/Equity
0.16
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
NMIH presents a compelling value opportunity, characterized by a stable Piotroski F-Score of 4/9 and a significant valuation gap, with the current price ($38.85) trading well below both the Graham Number ($61.08) and the Intrinsic Value ($122.73). The company demonstrates exceptional earnings consistency, beating estimates in nearly every quarter over a 25-quarter lookback period. While insider sentiment is bearish and technical trends are weak, the fundamental profitability (55% profit margin) and low leverage (0.16 Debt/Equity) provide a strong safety margin. The stock is fundamentally undervalued relative to its earnings power and book value.
Key Strengths
Significant undervaluation relative to Graham Number ($61.08) and Intrinsic Value ($122.73)
Exceptional earnings track record with consistent beats over 25 quarters
Very low leverage with a Debt/Equity ratio of 0.16
High profitability metrics including a 55.05% profit margin and 16.17% ROE
Low P/E ratio (7.96) compared to the Financial Services sector average (49.59)
Key Risks
Strong bearish insider sentiment with $5.18M in net sales and zero buys
Bearish technical trend (0/100 score)
Lack of dividend yield for income-seeking investors
Moderate revenue growth (8.5%) compared to high-growth sector peers
Concentration risk inherent in specialty insurance
AI Fair Value Estimate
Based on comprehensive analysis
$72.5
+86.6% above current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
65
Strong
95
70
98
60
0
AI Verdict
Strong Value Play
Key drivers: Extreme P/E discount, Earnings consistency, Low debt profile
Confidence
90%
Value
95/100
Ref P/E 7.96, Graham Number $61.08
Positives
- P/E of 7.96 is deeply discounted
- Price is ~36% below Graham Number
Watchpoints
- Market is currently ignoring the value gap
Future
70/100
Ref Revenue Growth 8.5%, Earnings Growth 12.1%
Positives
- Steady 12.1% earnings growth
- Positive analyst target price of $46.29
Watchpoints
- Growth is linear rather than exponential
Past
98/100
Ref Quarterly Earnings Track Record
Positives
- 25 quarters of consistent earnings performance
- Strong 5-year price appreciation (+69.7%)
Watchpoints
No urgent risks highlighted.
Health
60/100
Ref Piotroski F-Score 4/9, Debt/Equity 0.16
Positives
- Very low Debt/Equity (0.16)
- Healthy Current Ratio (1.97)
Watchpoints
- Piotroski F-Score is only 4/9 (Stable, not Strong)
Dividend
0/100
Ref Dividend Yield N/A
Positives
No standout positives identified.
Watchpoints
- No dividend paid
- 0% payout ratio
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$38.85
Analyst Target
$46.29
Upside/Downside
+19.1%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for NMIH and closest competitors.
Updated 2026-04-14
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
NMIH
NMI Holdings, Inc.
Primary
|
+69.7% | +66.2% | +13.1% | +7.1% | +4.2% | +1.8% |
|
ARX
Accelerant Holdings
Peer
|
-49.8% | -49.8% | -49.8% | -8.1% | +12.8% | +4.0% |
|
APAM
Artisan Partners Asset Management Inc.
Peer
|
+22.7% | +53.3% | +5.4% | -4.3% | +3.2% | -2.8% |
|
ADX
Adams Diversified Equity Fund, Inc.
Peer
|
+91.8% | +107.2% | +21.8% | +11.2% | +1.7% | +2.5% |
|
BANC
Banc of California, Inc.
Peer
|
+24.0% | +31.3% | +30.2% | +33.3% | +1.3% | -4.2% |
NMI
NMI Holdings, Inc.
Primary
5Y
+69.7%
3Y
+66.2%
1Y
+13.1%
6M
+7.1%
1M
+4.2%
1W
+1.8%
ARX
Accelerant Holdings
Peer
5Y
-49.8%
3Y
-49.8%
1Y
-49.8%
6M
-8.1%
1M
+12.8%
1W
+4.0%
APA
Artisan Partners Asset Management Inc.
Peer
5Y
+22.7%
3Y
+53.3%
1Y
+5.4%
6M
-4.3%
1M
+3.2%
1W
-2.8%
ADX
Adams Diversified Equity Fund, Inc.
Peer
5Y
+91.8%
3Y
+107.2%
1Y
+21.8%
6M
+11.2%
1M
+1.7%
1W
+2.5%
BAN
Banc of California, Inc.
Peer
5Y
+24.0%
3Y
+31.3%
1Y
+30.2%
6M
+33.3%
1M
+1.3%
1W
-4.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
7.96
Forward P/E
7.07
PEG Ratio
N/A
P/B Ratio
1.14
P/S Ratio
4.19
EV/Revenue
4.6
EV/EBITDA
6.02
Market Cap
$2.96B
Profitability
Profit margins and return metrics
Profit Margin
55.05%
Operating Margin
70.98%
Gross Margin
78.02%
ROE
16.17%
ROA
9.18%
Growth
Revenue and earnings growth rates
Revenue Growth
+8.5%
Earnings Growth
+12.1%
Q/Q Revenue Growth
+8.55%
Q/Q Earnings Growth
+9.3%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.16
Low debt
Current Ratio
1.97
Good
Quick Ratio
0.62
Poor
Cash/Share
$1.72
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.2B
Net Margin
52.1%
Total Assets
$3.8B
Liabilities
$1.2B
Equity
$2.6B
Debt/Equity
0.48x
Operating CF
$0.1B
CapEx
$-0.0B
Free Cash Flow
$0.1B
FCF Yield
97%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-30
$N/A
2026-02-10
$1.2
+0.8% surprise
2025-11-04
$1.21
+0.4% surprise
2025-07-29
$1.22
+2.5% surprise
Financial Services Sector Comparison
Comparing NMIH against 484 companies in the Financial Services sector
(87 bullish, 202 neutral, 195 bearish)
P/E Ratio
7.96
This Stock
vs
46.02
Sector Avg
-82.7%
(Discount)
Return on Equity (ROE)
16.17%
This Stock
vs
0.23%
Sector Avg
+6970.5%
(Excellent)
Profit Margin
55.05%
This Stock
vs
50.44%
Sector Avg
+9.2%
(Better)
Debt to Equity
0.16
This Stock
vs
1.37
Sector Avg
-88.1%
(Less Debt)
Revenue Growth
8.5%
This Stock
vs
37.35%
Sector Avg
-77.2%
(Slower)
Current Ratio
1.97
This Stock
vs
3.28
Sector Avg
-39.9%
(Weaker)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
NMIH
NMI Holdings, Inc.
|
BULLISH | $2.96B | 7.96 | 16.2% | 55.1% | $38.85 | |
|
ARX
Accelerant Holdings
|
NEUTRAL | $2.96B | - | -245.6% | -166.4% | $13.31 | Compare |
|
APAM
Artisan Partners Asset...
|
NEUTRAL | $3.04B | 11.61 | 49.6% | 22.9% | $43.09 | Compare |
|
ADX
Adams Diversified Equity Fund, Inc.
|
BEARISH | $2.85B | 7.72 | 12.2% | 981.2% | $23.69 | Compare |
|
BANC
Banc of California, Inc.
|
NEUTRAL | $3.1B | 17.79 | 6.0% | 20.4% | $19.92 | Compare |
NMIH
NMI Holdings, Inc.
BULLISH
Mkt Cap
$3.0B
P/E
8.0
ROE
16.2%
Price
$38.85
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-24 | SHUSTER BRADLEY MIZE | Officer and Director | Sale | 18,953 | $707,832 |
| 2026-03-23 | SHUSTER BRADLEY MIZE | Officer and Director | Option Exercise | 55,156 | $612,232 |
| 2026-03-19 | SHUSTER BRADLEY MIZE | Officer and Director | Sale | 18,996 | $703,885 |
| 2026-03-18 | SHUSTER BRADLEY MIZE | Officer and Director | Option Exercise | 55,158 | $612,254 |
| 2026-03-13 | REALMUTO NICHOLAS DANIEL | Officer | Stock Award | 3,882 | - |
| 2026-03-12 | SHUSTER BRADLEY MIZE | Officer and Director | Sale | 18,976 | $694,148 |
| 2026-03-11 | SHUSTER BRADLEY MIZE | Officer and Director | Option Exercise | 55,158 | $612,254 |
| 2026-03-05 | SHUSTER BRADLEY MIZE | Officer and Director | Sale | 19,430 | $755,944 |
| 2026-03-04 | SHUSTER BRADLEY MIZE | Officer and Director | Option Exercise | 55,158 | $612,254 |
| 2026-02-26 | SHUSTER BRADLEY MIZE | Officer and Director | Sale | 19,557 | $779,427 |
| 2026-02-25 | SHUSTER BRADLEY MIZE | Officer and Director | Option Exercise | 55,158 | $612,254 |
| 2026-02-17 | YOUSAF MOHAMMAD NAWAZ | Officer | Sale | 16,000 | $638,200 |
| 2026-02-17 | FITZGERALD NORMAN PETER | Officer | Sale | 22,500 | $898,634 |
| 2026-02-11 | POLLITZER ADAM S | Chief Executive Officer | Stock Award | 248,202 | - |
| 2026-02-11 | SMITH ROBERT OWEN | Officer | Stock Award | 51,770 | - |
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-24
18,953 shares
·
$707,832
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-23
55,156 shares
·
$612,232
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-19
18,996 shares
·
$703,885
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-18
55,158 shares
·
$612,254
REALMUTO NICHOLAS DANIEL
Officer
2026-03-13
3,882 shares
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-12
18,976 shares
·
$694,148
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-11
55,158 shares
·
$612,254
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-05
19,430 shares
·
$755,944
SHUSTER BRADLEY MIZE
Officer and Director
2026-03-04
55,158 shares
·
$612,254
SHUSTER BRADLEY MIZE
Officer and Director
2026-02-26
19,557 shares
·
$779,427
SHUSTER BRADLEY MIZE
Officer and Director
2026-02-25
55,158 shares
·
$612,254
YOUSAF MOHAMMAD NAWAZ
Officer
2026-02-17
16,000 shares
·
$638,200
FITZGERALD NORMAN PETER
Officer
2026-02-17
22,500 shares
·
$898,634
POLLITZER ADAM S
Chief Executive Officer
2026-02-11
248,202 shares
SMITH ROBERT OWEN
Officer
2026-02-11
51,770 shares
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
7 analysts
Keefe, Bruyette & Woods
2026-04-10
Outperform
Outperform
JP Morgan
2026-04-09
Overweight
Overweight
Barclays
2026-04-06
Equal-Weight
Equal-Weight
JP Morgan
2026-01-12
Overweight
Overweight
Barclays
2026-01-06
Equal-Weight
Equal-Weight
Keefe, Bruyette & Woods
2025-12-18
Market Perform
Outperform
JP Morgan
2025-11-05
Overweight
Overweight
Past News Coverage
Recent headlines mentioning NMIH from our newsroom.
Newest → oldest
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