NMI (NASDAQ:NMIH) Posts Earnings Results, Beats Expectations By $0.06 EPS

NMI (NASDAQ:NMIH) announced its quarterly earnings data on Thursday. The financial services provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06, FiscalAI reports. The firm had revenue of $183.48 million for the quarter, compared to analyst estimates of $153.99 million. NMI had a net margin of 55.05% and a return on equity of 15.78%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 earnings per share.

Here are the key takeaways from NMI’s conference call:

• National MI reported a strong quarter with record Q1 results — total revenue of $183.5 million, adjusted net income of $99.4 million (EPS $1.28) and a 15.2% adjusted ROE, generating $12.3 billion of NIW and finishing with a record $222.3 billion of primary insurance in force.
• The company continued shareholder returns, repurchasing $27.7 million of stock (716,000 shares) in Q1 and retaining approximately $198 million of buyback capacity.
• Credit normalization trends continued — defaults increased to 8,044 (1.17% default rate) and Q1 claims expense rose to $20.7 million (vs. $4.5M in Q1 2025), with higher loss severity and modestly higher average reserves per default driven by larger loan sizes and later vintages.
• Management stated a cautious but constructive outlook, emphasizing disciplined pricing, risk selection and reinsurance decisions (noting profit commissions have trended lower) while highlighting continued confidence in long?term growth opportunities.

NMI Price Performance

Shares of NMIH stock traded down $2.41 during mid-day trading on Thursday, hitting $38.71. 1,191,767 shares of the stock were exchanged, compared to its average volume of 375,331. The firm has a fifty day moving average of $38.65 and a 200 day moving average of $38.58. 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 52-week low of $34.84 and a 52-week high of $43.20. The company has a market cap of $2.95 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 1.18 and a beta of 0.64.

Insider Transactions at NMI

In other news, EVP Norman Peter Fitzgerald sold 22,500 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the sale, the executive vice president directly owned 32,445 shares of the company’s stock, valued at $1,295,853.30. This represents a 40.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total transaction of $638,240.00. Following the sale, the executive vice president directly owned 38,733 shares in the company, valued at approximately $1,545,059.37. The trade was a 29.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 189,412 shares of company stock valued at $7,357,746 in the last ninety days. 2.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NMIH. Royal Bank of Canada raised its position in shares of NMI by 20.4% during the 1st quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock worth $4,221,000 after purchasing an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NMI by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 2,030 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of NMI during the 1st quarter worth about $256,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of NMI during the 1st quarter worth about $203,000. Finally, Jane Street Group LLC raised its position 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 purchasing an additional 208,287 shares during the last quarter. Institutional investors and hedge funds own 94.12% of the company’s stock.

Wall Street Analysts Forecast Growth

NMIH has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on NMI from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Barclays cut their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. UBS Group set a $43.00 price target on NMI in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods increased their price target on NMI from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.20.

NMI News Summary

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Reported Q1 EPS of $1.28, beating the Zacks consensus of $1.22, which signals near-term profit strength. NMI Holdings (NMIH) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Revenue of ~$183.5M topped estimates and rose ~5.9% year-over-year, supporting the view of stable top-line momentum. NMI Holdings, Inc. Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Management commentary and detail are available in the earnings call transcript; investors will look for guidance, loss mitigation, or book-runoff commentary that could move shares. NMI Holdings, Inc. (NMIH) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst previews and metric breakdowns are being published (Zacks, Yahoo, SFGate) — these provide context for valuation and growth expectations but contain no major surprises. Here’s What Key Metrics Tell Us About NMI Holdings (NMIH) Q1 Earnings
• Negative Sentiment: EPS was essentially flat year-over-year ($1.28 vs. $1.28), which may raise concerns that the company isn’t delivering meaningful earnings growth despite the beat. NMI Holdings, Inc. Reports First Quarter 2026 Financial Results
• Negative Sentiment: Some outlets characterized sales as in-line with estimates, which can temper enthusiasm and contribute to a sell-the-news reaction despite beats. NMI Holdings (NASDAQ:NMIH) posts Q1 CY2026 sales in line with estimates

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.