NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance services in the United States. The company offers 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.
IPO Year: 2013
Exchange: NASDAQ
Website: nationalmi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/18/2024 | $40.00 → $48.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 5/22/2024 | $37.00 → $39.00 | Buy → Neutral | UBS |
| 12/6/2023 | $36.00 | Buy | UBS |
| 11/15/2023 | $37.00 | Overweight | Barclays |
| 10/17/2023 | $33.00 | Buy | BofA Securities |
| 1/6/2023 | $31.00 → $25.00 | Overweight → Equal Weight | Barclays |
| 12/6/2022 | $24.00 | Buy → Neutral | BTIG Research |
| 10/17/2022 | $25.00 → $23.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/23/2022 | $27.00 → $20.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 2/17/2022 | $26.50 → $27.50 | Outperform → Mkt Perform | Keefe Bruyette |
EMERYVILLE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2024 after the market close on Wednesday, November 6, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the web
EMERYVILLE, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today announced that S&P Global Ratings ("S&P") has raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to "A-" and its issuer credit rating on NMI Holdings, Inc. to "BBB-". Both ratings carry a stable outlook. S&P's rationale in support of the upgrade includes National MI's strong growth in shareholders' equity and broadly balanced and diversified capital structure, as well as its insured portfolio quality, track record of underwriting profitability and substantial use of reinsurance to protect performance across market cycles. About NMI
EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will host its annual Investor Day on Thursday, November 21, 2024, from 9:00 am to 11:30 am Eastern Time at the St. Regis Hotel in New York City. The event will be live streamed at NMIH 2024 Investor Day and on the company's website at https://ir.nationalmi.com/events-and-presentations. A replay of the webcast will be archived and available on the company's website following the event. NMI Holdings, Inc. Annual Investor DayNovember 21, 20249:00 am – 11:30 am ETSt. Regis Hotel2 East 55th Street at F
EMERYVILLE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024. As previously disclosed, at June 30, 2024, National MI had PMIERs total available assets of $2,828 million, compared to risk-based required assets of $1,652 million, with $1,176 million of excess funding capacity. Under the revised PMIERs framework the company estimates that its
EMERYVILLE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. Adjusted net income for the quarter was $97.6 million, or $1.20 per diluted share, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. The non-GAAP financial measures ad
EMERYVILLE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its second quarter ended June 30, 2024 after the market close on Tuesday, July 30, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as the earn
EMERYVILLE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQ:NMIH), announced today that it has been recognized as a Great Place to Work® for the ninth year in a row. Great Place to Work is a global authority on workplace culture, employee experience and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. It partners with FORTUNE to produce the annual FORTUNE "100 Best Companies to Work For®" list, as well as lists in several other categories. Only a small percentage of firms that take the company-wide trust index survey
EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) (the "Company") announced today that it has priced its public offering (the "Offering") of $425 million aggregate principal amount of senior unsecured notes (the "Notes"). The Offering is expected to close on May 21, 2024, subject to customary closing conditions. The Notes will pay interest semiannually at a rate of 6.0% per year and will mature on August 15, 2029. The Company intends to use net proceeds of the Offering to redeem its existing $400 million of 7.375% senior secured notes due June 2025, with the balance to be used for general corporate purposes. RBC Capital Markets, LLC, Goldman Sachs &
EMERYVILLE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $89.0 million, up 7% compared to $83.4 million in the fourth quarter ended December 31, 2023 and up 20% compared to $74.5 million in the first quarter ended March 31, 2023. Diluted earnings per share was $1.08, up 8% compared to $1.01 in the fourth quarter ended December 31, 2023 and up 24% compared to $0.88 in the first quarter ended March 31, 2023. Adjusted net income was also $89.0 million, or $1.08 per diluted share, compared to $83.4 million, or $1.01 per diluted share, in the fourth quarter and $74.5 million, or $0.88 per diluted share, in the first quarter of 2023.
EMERYVILLE, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its first quarter ended March 31, 2024 after the market close on Tuesday, April 30, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as the ea
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EMERYVILLE, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today announced the appointment of Aurora Swithenbank as Executive Vice President and Chief Financial Officer, effective May 1, 2024. Ms. Swithenbank will succeed Ravi Mallela, who has held the role since 2022 and will remain with the company until Ms. Swithenbank's appointment to ensure a seamless transition. Ms. Swithenbank is an accomplished leader in the financial services industry, having previously served as Chief Financial Officer at Vantage Group Holdings Ltd., a Bermuda-based specialty insurance and reinsurance group, where she led the organization of the company's finance department as its fi
CPI Card Group Inc. (NASDAQ:PMTS) ("CPI" or the "Company"), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023. Mallela currently serves as the Chief Financial Officer of NMI Holdings Inc. (NASDAQ:NMIH), a publicly-traded mortgage insurance company. Previously, Mr. Mallela served as Executive Vice President and Chief Financial Officer of First Hawaiian Group and First Hawaiian Bank from 2018 until 2022 and Senior Vice President, Head of Finance and Treasury of First Republic Bank from 2013 to 2018. He holds an MBA from
EMERYVILLE, Calif., Sept. 14, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), announced today that John Erickson has been appointed as an independent member of its Board of Directors, effective immediately. National MI's Board increases to ten members with Mr. Erickson's appointment. "We are delighted to welcome John to National MI's Board," said Bradley Shuster, Executive Chairman and Chairman of the Board of National MI. "I have known and admired him for years, and am confident that his proven track record of executive leadership and extensive board experience will complement our already strong Boar
EMERYVILLE, Calif., Sept. 09, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) announced today that Adam Pollitzer, currently the company's Executive Vice President and Chief Financial Officer, has been appointed President and Chief Executive Officer, effective January 1, 2022. Mr. Pollitzer will also join the company's Board of Directors upon assuming his new role. He succeeds Claudia Merkle, who will step down as Chief Executive Officer and as a member of the Board, effective December 31, 2021. "This leadership transition comes at the right time for National MI and is the result of a deliberate and collaborative succession planning process," said Bradley Shuster, Executive Chai
EMERYVILLE, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), announced today that Priya Huskins has been appointed as an independent member of its Board of Directors. “We are delighted to welcome Priya to National MI’s Board,” said Bradley Shuster, Executive Chairman and Chairman of the Board of National MI. “As National MI continues to invest for future growth, Priya’s proven track record of executive leadership and extensive board experience will be invaluable. I am confident that her deep knowledge of the insurance industry and broad expertise will complement and enhance our alrea
EMERYVILLE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2024 after the market close on Wednesday, November 6, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the web
EMERYVILLE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $92.1 million, or $1.13 per diluted share, for the second quarter ended June 30, 2024, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. Adjusted net income for the quarter was $97.6 million, or $1.20 per diluted share, compared to $89.0 million, or $1.08 per diluted share, for the first quarter ended March 31, 2024 and $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023. The non-GAAP financial measures ad
EMERYVILLE, Calif., July 09, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its second quarter ended June 30, 2024 after the market close on Tuesday, July 30, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as the earn
EMERYVILLE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $89.0 million, up 7% compared to $83.4 million in the fourth quarter ended December 31, 2023 and up 20% compared to $74.5 million in the first quarter ended March 31, 2023. Diluted earnings per share was $1.08, up 8% compared to $1.01 in the fourth quarter ended December 31, 2023 and up 24% compared to $0.88 in the first quarter ended March 31, 2023. Adjusted net income was also $89.0 million, or $1.08 per diluted share, compared to $83.4 million, or $1.01 per diluted share, in the fourth quarter and $74.5 million, or $0.88 per diluted share, in the first quarter of 2023.
EMERYVILLE, Calif., April 11, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its first quarter ended March 31, 2024 after the market close on Tuesday, April 30, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as the ea
EMERYVILLE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $83.4 million, or $1.01 per diluted share, for the fourth quarter ended December 31, 2023, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022. Adjusted net income for the quarter was $83.4 million, or $1.01 per diluted share, which compares to $84.0 million, or $1.00 per diluted share, in the third quarter ended September 30, 2023 and $72.9 million, or $0.86 per diluted share, in the fourth quarter ended December 31, 2022. Net i
EMERYVILLE, Calif., Jan. 19, 2024 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its fourth quarter ended December 31, 2023 after the market close on Wednesday, February 14, 2024. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as
EMERYVILLE, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $84.0 million, or $1.00 per diluted share, for the third quarter ended September 30, 2023, which compares to $80.3 million, or $0.95 per diluted share, in the second quarter ended June 30, 2023 and $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022. Adjusted net income for the quarter was $84.0 million, or $1.00 per diluted share, which compares to $80.3 million, or $0.95 per diluted share, in the second quarter ended June 30, 2023 and $76.8 million, or $0.90 per diluted share, in the third quarter ended September 30, 2022. Adam Pollitze
EMERYVILLE, Calif., Oct. 11, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today announced that it will report results for its third quarter ended September 30, 2023 after the market close on Wednesday, November 1, 2023. The company will hold a conference call and live webcast at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The webcast will be available on the company's website at https://ir.nationalmi.com/events-and-presentations. The call can be accessed by dialing (844) 481-2708 in the U.S. or (412) 317-0664 internationally by referencing NMI Holdings, Inc. A replay of the webcast as well as
EMERYVILLE, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (NASDAQ:NMIH) today reported net income of $80.3 million, or $0.95 per diluted share, for the second quarter ended June 30, 2023, which compares to $74.5 million, or $0.88 per diluted share, in the first quarter ended March 31, 2023 and $75.4 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022. Adjusted net income for the quarter was $80.3 million, or $0.95 per diluted share, which compares to $74.5 million, or $0.88 per diluted share, in the first quarter ended March 31, 2023 and $74.3 million, or $0.86 per diluted share, in the second quarter ended June 30, 2022. The company also announ
JP Morgan analyst Richard Shane maintains NMI Holdings (NASDAQ:NMIH) with a Overweight and raises the price target from $36 to $40.
NMI Holdings (NASDAQ:NMIH) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 2 1 0 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $36.5, along with a high estimate of $39.00 and a low estimate of $35.00. This upward trend is appar
UBS analyst Doug Harter downgrades NMI Holdings (NASDAQ:NMIH) from Buy to Neutral and raises the price target from $37 to $39.
Compass Point analyst Chris Gamaitoni maintains NMI Holdings (NASDAQ:NMIH) with a Buy and raises the price target from $33 to $36.
JP Morgan analyst Richard Shane maintains NMI Holdings (NASDAQ:NMIH) with a Overweight and raises the price target from $35 to $36.
Truist Securities analyst Mark Hughes maintains NMI Holdings (NASDAQ:NMIH) with a Buy and raises the price target from $36 to $37.
NMI Holdings (NASDAQ:NMIH) reported quarterly earnings of $1.08 per share which beat the analyst consensus estimate of $0.99 by 9.09 percent. This is a 22.73 percent increase over earnings of $0.88 per share from the same period last year. The company reported quarterly sales of $156.253 million which beat the analyst consensus estimate of $136.753 million by 14.26 percent. This is a 14.24 percent increase over sales of $136.779 million the same period last year.
During the last three months, 5 analysts shared their evaluations of NMI Holdings (NASDAQ:NMIH), revealing diverse outlooks from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $34.8, along with a high estimate of $36.00 and a low estimate of $33.00. Marking an increase of 5.45%, the curren
Keefe, Bruyette & Woods analyst Bose George maintains NMI Holdings (NASDAQ:NMIH) with a Market Perform and raises the price target from $33 to $36.
JP Morgan analyst Richard Shane maintains NMI Holdings (NASDAQ:NMIH) with a Overweight and raises the price target from $34 to $35.
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RBC Capital Mkts upgraded NMI Hldgs from Sector Perform to Outperform and set a new price target of $48.00 from $40.00 previously
UBS downgraded NMI Hldgs from Buy to Neutral and set a new price target of $39.00 from $37.00 previously
UBS initiated coverage of NMI Hldgs with a rating of Buy and set a new price target of $36.00
Barclays initiated coverage of NMI Hldgs with a rating of Overweight and set a new price target of $37.00
BofA Securities initiated coverage of NMI Hldgs with a rating of Buy and set a new price target of $33.00
Barclays downgraded NMI Hldgs from Overweight to Equal Weight and set a new price target of $25.00 from $31.00 previously
BTIG Research downgraded NMI Hldgs from Buy to Neutral and set a new price target of $24.00
Keefe Bruyette downgraded NMI Hldgs from Outperform to Mkt Perform and set a new price target of $23.00 from $25.00 previously
RBC Capital Mkts downgraded NMI Hldgs from Outperform to Sector Perform and set a new price target of $20.00 from $27.00 previously
Keefe Bruyette downgraded NMI Hldgs from Outperform to Mkt Perform and set a new price target of $27.50 from $26.50 previously