NMI (NASDAQ:NMIH) Trading Down 5.7% – What’s Next?

NMI Holdings Inc (NASDAQ:NMIH) shares dropped 5.7% on Friday . The company traded as low as $36.06 and last traded at $36.5130. Approximately 526,785 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 471,567 shares. The stock had previously closed at $38.71.

Key NMI News

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Q1 headline beat — NMI reported EPS of $1.28 vs. the Zacks consensus $1.22 and revenue of about $183.5M (up ~5.9% Y/Y), signaling continued profitability and top-line growth. NMI Holdings (NMIH) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Core scale metric improved — primary insurance in force rose to $222.3 billion year-over-year, supporting future fee and premium income growth. NMI Holdings Q1 Earnings, Revenues Top, Insurance in Force Rises Y/Y
• Positive Sentiment: Net income and adjusted net income were solid — reported net income of $99.3M ($1.28/sh) and adjusted results roughly in line, showing stable underlying earnings power. NMI Holdings, Inc. Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Previews and call materials provide context but no major guidance change — analyst previews and the earnings-call transcript give detail on metrics and trends without altering the upside beat story materially. Investors will parse the call for forward commentary. NMI Holdings, Inc. (NMIH) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Persistency slipped and claims surged — while revenues and EPS beat, Zacks and other summaries flagged weaker policyholder persistency and higher claims activity in the quarter, which can pressure future earnings and margins and likely explains the negative investor reaction. NMI Holdings Q1 Earnings, Revenues Top, Insurance in Force Rises Y/Y

Analyst Upgrades and Downgrades

NMIH has been the subject of a number of recent analyst reports. UBS Group set a $43.00 price target on shares of NMI in a research report on Monday, January 12th. Keefe, Bruyette & Woods upped their price target on shares of NMI from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of NMI from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Barclays dropped their price target on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.20.

NMI Trading Down 3.9%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.57 and a quick ratio of 0.57. The stock’s 50-day moving average is $38.65 and its two-hundred day moving average is $38.60. The stock has a market cap of $2.83 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 1.07 and a beta of 0.59.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, April 30th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. NMI had a net margin of 53.82% and a return on equity of 15.36%. The firm had revenue of $183.48 million during the quarter, compared to analyst estimates of $153.99 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. NMI’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts anticipate that NMI Holdings Inc will post 5.13 EPS for the current year.

Insider Buying and Selling

In related news, EVP Norman Peter Fitzgerald sold 22,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the transaction, the executive vice president owned 32,445 shares in the company, valued at approximately $1,295,853.30. This represents a 40.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.89, for a total transaction of $638,240.00. Following the transaction, the executive vice president owned 38,733 shares of the company’s stock, valued at approximately $1,545,059.37. This represents a 29.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 189,412 shares of company stock worth $7,357,746. 2.44% of the stock is owned by insiders.

Hedge Funds Weigh In On NMI

Institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board lifted its position in 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 purchasing an additional 30,341 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in NMI by 62.6% during the third quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock valued at $14,141,000 after purchasing an additional 142,065 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its position in NMI by 219.9% during the third quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after purchasing an additional 59,682 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NMI by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 4,288,867 shares of the financial services provider’s stock valued at $164,437,000 after purchasing an additional 31,570 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in NMI by 188.3% during the third quarter. AlphaQuest LLC now owns 93,577 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 61,116 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.