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NMI Holdings Inc (NMIH)



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Upturn Advisory Summary
07/03/2025: NMIH (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $43.29
1 Year Target Price $43.29
3 | Strong Buy |
2 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 28.51% | Avg. Invested days 52 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.37B USD | Price to earnings Ratio 9.32 | 1Y Target Price 43.29 |
Price to earnings Ratio 9.32 | 1Y Target Price 43.29 | ||
Volume (30-day avg) 7 | Beta 0.55 | 52 Weeks Range 31.90 - 43.20 | Updated Date 07/4/2025 |
52 Weeks Range 31.90 - 43.20 | Updated Date 07/4/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.63 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 55.93% | Operating Margin (TTM) 79.93% |
Management Effectiveness
Return on Assets (TTM) 9.98% | Return on Equity (TTM) 17.38% |
Valuation
Trailing PE 9.32 | Forward PE 9.03 | Enterprise Value 3712491774 | Price to Sales(TTM) 5.05 |
Enterprise Value 3712491774 | Price to Sales(TTM) 5.05 | ||
Enterprise Value to Revenue 5.56 | Enterprise Value to EBITDA - | Shares Outstanding 78122896 | Shares Floating 76826878 |
Shares Outstanding 78122896 | Shares Floating 76826878 | ||
Percent Insiders 1.93 | Percent Institutions 99.86 |
Upturn AI SWOT
NMI Holdings Inc

Company Overview
History and Background
NMI Holdings, Inc., founded in 2011 and headquartered in Emeryville, California, is a leading provider of private mortgage insurance (PMI) in the United States. The company aims to facilitate homeownership by protecting lenders against losses on residential mortgage loans. Its focus has been on building a high-quality insured portfolio while managing risk effectively.
Core Business Areas
- Private Mortgage Insurance (PMI): NMI Holdings' core business is providing PMI to lenders. This insurance protects lenders against losses in the event a borrower defaults on their mortgage. PMI enables borrowers with lower down payments to qualify for a mortgage.
Leadership and Structure
Adam Pollitzer serves as the Chief Executive Officer. The organizational structure includes departments focused on risk management, underwriting, sales, and finance.
Top Products and Market Share
Key Offerings
- Primary Mortgage Insurance: NMI Holdings provides primary mortgage insurance on loans purchased by Fannie Mae and Freddie Mac, as well as loans held by banks. NMI has a market share around 18-20% (estimated based on publicly available data from competitors). Competitors include MGIC, Radian, Essent, and Arch Capital Group.
Market Dynamics
Industry Overview
The mortgage insurance industry is closely tied to the housing market. Factors such as interest rates, home prices, and economic growth influence the demand for PMI. The industry is relatively consolidated, with a few major players.
Positioning
NMI Holdings is positioned as a strong player in the PMI market known for its strong risk management and high-quality insured portfolio. It competes with larger, more established companies, leveraging its service and technology.
Total Addressable Market (TAM)
The total addressable market for PMI is estimated to be in the tens of billions of dollars annually, depending on mortgage origination volume. NMI is well-positioned to capture a share of this market through its partnerships and product offerings.
Upturn SWOT Analysis
Strengths
- Strong risk management
- High-quality insured portfolio
- Strong capital position
- Focus on customer service
Weaknesses
- Smaller market share compared to larger competitors
- Reliance on the housing market
- Less brand recognition compared to larger competitors
Opportunities
- Growing demand for mortgage insurance
- Expansion into new markets or product lines
- Technological advancements to improve efficiency
- Potential for increased market share
Threats
- Economic downturn impacting the housing market
- Increased competition from existing players
- Changes in government regulations
- Rising interest rates
Competitors and Market Share
Key Competitors
- MTG
- RDN
- ESNT
- ARCH
Competitive Landscape
NMI Holdings competes with larger, more established players in the PMI market. It differentiates itself through strong risk management, customer service, and technology.
Growth Trajectory and Initiatives
Historical Growth: NMI Holdings has experienced significant growth in recent years, driven by increased demand for mortgage insurance and effective risk management.
Future Projections: Analyst estimates project continued growth for NMI Holdings, driven by a healthy housing market and expansion of its product offerings.
Recent Initiatives: Recent initiatives include expanding partnerships with lenders and investing in technology to improve underwriting efficiency.
Summary
NMI Holdings is a solid player in the PMI market with a strong financial performance and effective risk management. Its growth is driven by a favorable housing market, but it must be wary of increasing competition and economic downturns. The company is well-positioned for continued growth through strategic partnerships and technological advancements. While smaller than its competitors, NMIH distinguishes itself via customer service.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
- Market data sources
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About NMI Holdings Inc
Exchange NASDAQ | Headquaters Emeryville, CA, United States | ||
IPO Launch date 2013-11-08 | President, CEO & Director Mr. Adam S. Pollitzer | ||
Sector Financial Services | Industry Insurance - Specialty | Full time employees 230 | Website https://www.nationalmi.com |
Full time employees 230 | Website https://www.nationalmi.com |
NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders. The company was incorporated in 2011 and is headquartered in Emeryville, California.
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