Surety Insurance · SIC 6351

NMI Holdings, Inc.

NMIH

Watch

Latest revenue

$28.6M

as of 2026-03-31

Latest net income

$99.3M

as of 2026-03-31

Net margin

347.3%

as of 2026-03-31

Price · 5Y

+9.1% / yr 4.6 pts / yr vs S&P 500 54.6% total
Compare:

Live market

delayed ≤15 min
$37.40
0.95%
Market cap
$2.84B
Enterprise value
$2.84B
P/E (trailing)
7.3×
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$43.20
52-wk low
$34.84
Beta
Shares out
76.0M

5-year trend

About NMIH

Business description and risk factors will appear here once NMIH's latest filing is fully ingested.

Profitability

Net margin

55.1%

0.5%

Return on equity

15.0%

7.6%

Return on assets

1427.1%

13175.9%

Leverage

Debt / equity

-0.99×

293.7%

Long-term debt / equity

0.25×

2.6%

Debt / assets

-9410.8%

27936.5%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$28.6M+20.8%$99.3M-3.1%347.3%

Q4 2025

2025-12-31

$631.0M+7.3%$94.2M+9.3%14.9%

Q3 2025

2025-09-30

$26.8M+19.1%$96.0M+3.4%358.6%

Q2 2025

2025-06-30

$24.9M+20.6%$96.2M+4.4%385.4%

Q1 2025

2025-03-31

$23.7M+21.9%$102.6M+15.2%433.0%

Q4 2024

2024-12-31

$588.4M$86.2M14.6%

Q3 2024

2024-09-30

$22.5M+25.9%$92.8M+10.5%413.0%

Q2 2024

2024-06-30

$20.7M+25.2%$92.1M+14.7%445.1%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Surety Insurance · SIC 6351

No data yet for industry average

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Insider activity

Insider buying

$0

Insider selling

$11.3M

Net activity

−$11.3M

Distinct insiders

8

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-05-19

Michael Curry Montgomery

Director

Sale1,554$37.90$58.9K
2026-03-24

Bradley M Shuster

Executive Chairman

Sale18,953$37.35$707.8K
2026-03-19

Bradley M Shuster

Executive Chairman

Sale18,996$37.05$703.9K
2026-03-12

Bradley M Shuster

Executive Chairman

Sale18,976$36.58$694.1K
2026-03-05

Bradley M Shuster

Executive Chairman

Sale19,430$38.91$755.9K
2026-02-26

Bradley M Shuster

Executive Chairman

Sale19,557$39.85$779.4K
2026-02-18

Bradley M Shuster

Executive Chairman

Sale55,000$39.63$2.2M
2026-02-17

Norman Peter Fitzgerald

EVP, Chief Sales Officer

Sale22,500$39.94$898.6K
2026-02-17

Mohammad Nawaz Yousaf

EVP, Chief of Ops and Tech

Sale16,000$39.89$638.2K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns NMIH

Institutional value

$1.53B

Total shares held

43.3M

Distinct holders

223

-135 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.12.9M$482.5M-252.5K (-1.9%)Trimmed
2DIMENSIONAL FUND ADVISORS LP4.4M$163.2M+34.4K (+0.8%)Added
3VANGUARD CAPITAL MANAGEMENT LLC3.4M$128.7MNew
4VANGUARD PORTFOLIO MANAGEMENT LLC3.0M$112.8MNew
5Capital International Investors1.1M$43.1MNew
6Walleye Capital LLC1.0M$38.0M+466.9K (+85.4%)Added
7Nuveen, LLC986.4K$37.0M-144.9K (-12.8%)Trimmed
8JPMORGAN CHASE & CO876.4K$32.8M+237.7K (+37.2%)Added
9Allianz Asset Management GmbH783.6K$29.4M+23.3K (+3.1%)Added
10Assenagon Asset Management S.A.726.6K$27.3M-281.2K (-27.9%)Trimmed
11Clearbridge Investments, LLC705.0K$26.4M-69.4K (-9.0%)Trimmed
12Public Sector Pension Investment Board680.4K$25.5M+104.7K (+18.2%)Added
13Bank of New York Mellon Corp498.2K$18.7M-22.0K (-4.2%)Trimmed
14VANGUARD FIDUCIARY TRUST CO490.9K$18.4MNew
15PRINCIPAL FINANCIAL GROUP INC474.3K$17.8M-5.7K (-1.2%)Trimmed
16Invesco Ltd.404.9K$15.2M-17.5K (-4.1%)Trimmed
17DEUTSCHE BANK AG\370.0K$13.9M-10.7K (-2.8%)Trimmed
18River Road Asset Management, LLC370.0K$13.9M-333 (-0.1%)Trimmed
19MUHLENKAMP & CO INC366.2K$13.7M-101.6K (-21.7%)Trimmed
20abrdn plc361.5K$13.6M+8.3K (+2.4%)Added

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once NMIH's latest filing finishes processing.