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NMIH 
NMI Holdings Inc (NMIH)
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Upturn Advisory Summary
12/08/2025: NMIH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $44.43
1 Year Target Price $44.43
| 3 | Strong Buy |
| 2 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 4.57% | Avg. Invested days 44 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/08/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.89B USD | Price to earnings Ratio 7.79 | 1Y Target Price 44.43 |
Price to earnings Ratio 7.79 | 1Y Target Price 44.43 | ||
Volume (30-day avg) 7 | Beta 0.67 | 52 Weeks Range 31.90 - 43.20 | Updated Date 12/8/2025 |
52 Weeks Range 31.90 - 43.20 | Updated Date 12/8/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 4.79 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 55.02% | Operating Margin (TTM) 73.21% |
Management Effectiveness
Return on Assets (TTM) 9.19% | Return on Equity (TTM) 16.17% |
Valuation
Trailing PE 7.79 | Forward PE 7.38 | Enterprise Value 3174037054 | Price to Sales(TTM) 4.18 |
Enterprise Value 3174037054 | Price to Sales(TTM) 4.18 | ||
Enterprise Value to Revenue 4.59 | Enterprise Value to EBITDA - | Shares Outstanding 76867928 | Shares Floating 75577315 |
Shares Outstanding 76867928 | Shares Floating 75577315 | ||
Percent Insiders 1.96 | Percent Institutions 99.43 |
Upturn AI SWOT
NMI Holdings Inc
Company Overview
History and Background
NMI Holdings, Inc., through its subsidiary National MI, was founded in 2014. It is a U.S.-based holding company focused on providing private mortgage insurance. The company emerged during a period of recovery in the housing market, aiming to address the need for mortgage credit risk mitigation for lenders.
Core Business Areas
- Mortgage Guaranty Insurance: NMI Holdings provides mortgage guaranty insurance, which protects mortgage lenders from losses due to borrower default. This insurance allows borrowers to obtain mortgages with lower down payments, making homeownership more accessible.
Leadership and Structure
NMI Holdings, Inc. is led by a management team with extensive experience in the mortgage insurance and financial services industries. The company operates primarily through its insurance subsidiary, National MI.
Top Products and Market Share
Key Offerings
- Private Mortgage Insurance (PMI): NMI Holdings offers Private Mortgage Insurance to lenders, protecting them against potential losses if a borrower defaults on their mortgage. This product is crucial for enabling borrowers to secure mortgages with less than 20% down payment. Competitors include Essent Guaranty, MGIC Investment Corporation, and Radian Group Inc.
Market Dynamics
Industry Overview
The private mortgage insurance industry is closely tied to the U.S. housing market and interest rate environment. Key drivers include home sales volume, mortgage origination activity, and borrower down payment levels. Regulatory oversight and capital requirements are significant factors.
Positioning
NMI Holdings is a significant player in the U.S. private mortgage insurance market, competing with established and newer entrants. Its competitive advantages include a modern technology platform, a focus on customer service, and a robust risk management framework.
Total Addressable Market (TAM)
The TAM for private mortgage insurance is substantial, driven by the volume of U.S. residential mortgages originated with less than 20% down payment. NMI Holdings is positioned to capture a portion of this market by offering its services to mortgage lenders nationwide.
Upturn SWOT Analysis
Strengths
- Modern technology platform
- Strong focus on risk management
- Experienced management team
- Growing customer base
Weaknesses
- Relatively smaller market share compared to industry giants
- Dependence on the housing market cycle
- Potential for regulatory changes impacting the industry
Opportunities
- Continued growth in the U.S. housing market
- Increasing demand for lower down payment mortgages
- Potential for technological innovation in insurance underwriting
- Expansion into new lending channels
Threats
- Interest rate hikes impacting mortgage affordability
- Economic downturns leading to increased defaults
- Intense competition from other PMI providers
- Adverse regulatory changes
Competitors and Market Share
Key Competitors
- MGIC Investment Corporation (MTG)
- Radian Group Inc. (RDN)
- Essent Guaranty Inc. (ESNT)
Competitive Landscape
NMI Holdings competes in a market with well-established players. Its advantages lie in its modern infrastructure and agility, while larger competitors may benefit from economies of scale and longer operating histories. The company must continuously innovate and maintain strong relationships with lenders to differentiate itself.
Growth Trajectory and Initiatives
Historical Growth: NMI Holdings has experienced significant historical growth since its inception, steadily increasing its insured portfolio and revenue. This growth has been fueled by strong demand in the mortgage market and effective business strategies.
Future Projections: Future projections for NMI Holdings are generally positive, supported by analyst estimates that anticipate continued growth in the U.S. housing market and ongoing demand for private mortgage insurance. The company is expected to benefit from its established market position and operational capabilities.
Recent Initiatives: Recent initiatives have likely focused on enhancing underwriting technology, expanding lender relationships, and optimizing risk management practices to ensure sustainable growth and profitability.
Summary
NMI Holdings Inc. is a growing provider of private mortgage insurance with a modern operational approach. Its strengths lie in technology and risk management, poised to capitalize on a robust housing market. However, it faces challenges from established competitors and the inherent cyclicality of the real estate sector. Continuous focus on innovation and strategic partnerships will be key for sustained success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company financial reports (10-K, 10-Q)
- Industry analysis reports
- Financial news and data providers
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Past performance is not indicative of future results. Investors should conduct their own due diligence before making any investment decisions.
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 228 | Website https://www.nationalmi.com |
Full time employees 228 | 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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