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Upturn AI Summary - About
NMI Holdings Inc(NMIH)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NMIH
09/25/2026: NMIH (2-star) is currently NOT-A-BUY. Pass it for now.
NMI Holdings is a specialized US financial services company that provides private mortgage insurance, helping lenders and borrowers manage the risk of residential mortgage defaults. The company has a leading position in the industry, supported by a modern, tech-forward platform and disciplined risk-based underwriting that differentiates it from older incumbents. Its main growth story centers on increasing insurance-in-force through superior service and efficient capital allocation. However, investors should monitor risks associated with US housing market volatility, interest rate fluctuations, and competitive pressures. The stock is a strong fit for growth-oriented investors looking for exposure to the housing sector, though it currently lacks a dividend for income-focused participants.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | NMIH has shown consistent capacity to grow its insurance-in-force and market share within the mortgage sector. |
| Momentum investor | Mixed fit | Momentum remains conditional on positive trends in housing market sentiment and interest rate stability. |
| Value investor | Strong fit | The company often trades at reasonable valuation multiples relative to its earnings growth and financial strength. |
| Dividend investor | Weak fit | NMIH does not currently offer a dividend, focusing its capital on growth and buybacks. |
| Low-risk investor | Mixed fit | While the business is well-capitalized, it carries inherent exposure to macroeconomic and housing cycle risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock price can fluctuate based on interest rate changes and housing market outlooks. |
| Valuation risk | Medium | Changes in market sentiment toward financial stocks can impact the company's valuation multiples. |
| Competition risk (Mortgage Insurance) | Medium | Pricing wars or market share shifts among top insurers can pressure margins. |
| Business quality | Strong | The company maintains a high-quality, tech-enabled insurance portfolio and strong capital buffers. |
| Dividend income | Low / none | The absence of a dividend makes the stock unsuitable for income-focused portfolios. |
| Execution risk | Medium | The company must continue to effectively manage risk and maintain regulatory capital requirements. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -9.16% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/25/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.10B USD | Price to earnings Ratio 8.12 | 1Y Target Price 49.86 |
Price to earnings Ratio 8.12 | 1Y Target Price 49.86 | ||
Volume (30-day avg) 517.7K shares | Beta 0.53 | 52 Weeks Range 34.84 - 46.74 | Updated Date 09/27/2026 |
52 Weeks Range 34.84 - 46.74 | Updated Date 09/27/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.08 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Mortgage Insurance Premiums | Recurring premiums from primary mortgage insurance policies. | NMIH earns money primarily by collecting insurance premiums from borrowers in exchange for protecting lenders against loan defaults. |
Valuation
Trailing PE 8.12 | Forward PE 7.7 | Enterprise Value 3.52B | Price to Sales(TTM) 4.24 |
Enterprise Value 3.52B | Price to Sales(TTM) 4.24 | ||
Enterprise Value to Revenue 4.81 | Enterprise Value to EBITDA - | Shares Outstanding 75.22M | Shares Floating 73.91M |
Shares Outstanding 75.22M | Shares Floating 73.91M | ||
Percent Insiders 1.58 | Percent Institutions 101.45 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About NMI Holdings Inc
Exchange NASDAQ | Headquarters 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 225 | Website https://www.nationalmi.com |
Full time employees 225 | Website https://www.nationalmi.com | ||
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company 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. NMI Holdings, Inc. was incorporated in 2011 and is headquartered in Emeryville, California.
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