Zacks Research Weighs in on NMI’s Q1 Earnings (NASDAQ:NMIH)

NMI Holdings Inc (NASDAQ:NMIH) – Investment analysts at Zacks Research cut their Q1 2026 earnings per share estimates for shares of NMI in a research note issued on Monday, March 2nd. Zacks Research analyst Team now expects that the financial services provider will earn $1.23 per share for the quarter, down from their prior estimate of $1.24. The consensus estimate for NMI’s current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI’s Q2 2026 earnings at $1.30 EPS, Q3 2026 earnings at $1.28 EPS, Q4 2026 earnings at $1.28 EPS, FY2026 earnings at $5.10 EPS, Q2 2027 earnings at $1.42 EPS, Q3 2027 earnings at $1.33 EPS, Q4 2027 earnings at $1.37 EPS, FY2027 earnings at $5.49 EPS and FY2028 earnings at $5.65 EPS.

NMI (NASDAQ:NMIH) last posted its quarterly earnings results on Tuesday, February 10th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $180.74 million during the quarter, compared to the consensus estimate of $180.69 million. NMI had a return on equity of 15.78% and a net margin of 55.05%.During the same quarter in the previous year, the firm earned $1.07 earnings per share.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NMI in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised NMI from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $46.00 to $48.00 in a research note on Thursday, December 18th. Barclays boosted their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Finally, UBS Group set a $43.00 price target on shares of NMI in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

NMI Price Performance

NMIH stock opened at $39.23 on Tuesday. The company’s 50-day moving average price is $39.50 and its two-hundred day moving average price is $38.65. The firm has a market cap of $2.98 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.08 and a beta of 0.63. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI has a 12 month low of $31.90 and a 12 month high of $43.20.

Hedge Funds Weigh In On NMI

A number of hedge funds have recently made changes to their positions in NMIH. Royal Bank of Canada boosted its holdings in NMI by 20.4% in the first quarter. Royal Bank of Canada now owns 117,065 shares of the financial services provider’s stock valued at $4,221,000 after acquiring an additional 19,857 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in NMI by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,684 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 2,030 shares during the last quarter. NewEdge Advisors LLC bought a new stake in NMI during the first quarter valued at $256,000. Ashton Thomas Private Wealth LLC acquired a new stake in NMI during the 1st quarter worth about $203,000. Finally, Jane Street Group LLC raised its position in shares of NMI by 1,312.9% in the 1st quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock worth $8,081,000 after acquiring an additional 208,287 shares in the last quarter. 94.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other NMI news, Chairman Bradley M. Shuster sold 19,557 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $39.85, for a total value of $779,346.45. Following the completion of the transaction, the chairman directly owned 415,411 shares in the company, valued at approximately $16,554,128.35. This represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mohammad Nawaz Yousaf sold 16,000 shares of NMI 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 in the company, valued at approximately $1,545,059.37. This trade represents a 29.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 113,057 shares of company stock valued at $4,495,886 in the last ninety days. 3.00% of the stock is currently owned by insiders.

Key Headlines Impacting NMI

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Zacks raised multiple near‑ and mid‑term estimates — including Q2 2026 (to $1.30), Q3 2026 (to $1.28), Q4 2026 (to $1.28), Q2 2027 (to $1.42), Q4 2027 (to $1.37) and small lifts to FY2026 (to $5.10) and FY2027 (to $5.49). Those upward revisions suggest Zacks sees stronger underlying earnings power over the next 12–24 months, which can support the stock’s valuation. MarketBeat NMIH
• Neutral Sentiment: Zacks published a FY2028 EPS projection of $5.65 (new forward-year estimate). It provides a longer-horizon growth view but is farther out and thus less likely to move the stock immediately. MarketBeat NMIH
• Negative Sentiment: Offsetting some positives, Zacks trimmed a few quarter forecasts: Q1 2026 (to $1.23), Q1 2027 (to $1.38) and Q3 2027 (to $1.33). These near‑term cuts could create short‑term pressure if investors focus on quarterly momentum rather than upgraded full‑year trajectories. MarketBeat NMIH

About NMI

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.