What is Zacks Research’s Forecast for NMI FY2026 Earnings?

NMI Holdings, Inc. (NASDAQ:NMIH) – Investment analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for shares of NMI in a research note issued on Monday, February 24th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $5.00 per share for the year, down from their previous estimate of $5.09. The consensus estimate for NMI’s current full-year earnings is $4.62 per share. Zacks Research also issued estimates for NMI’s Q4 2026 earnings at $1.27 EPS.

NMI (NASDAQ:NMIH) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.07). NMI had a net margin of 55.32% and a return on equity of 17.33%.

Several other research firms also recently commented on NMIH. Royal Bank of Canada decreased their price target on shares of NMI from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of NMI from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Barclays lowered shares of NMI from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $41.00 in a report on Monday, January 6th. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Monday. Finally, UBS Group lowered their price target on shares of NMI from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

NMI Stock Performance

NASDAQ NMIH opened at $35.57 on Thursday. NMI has a 1 year low of $29.05 and a 1 year high of $42.49. The firm has a market capitalization of $2.79 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12. The firm’s fifty day moving average price is $36.81 and its two-hundred day moving average price is $38.58. The company has a current ratio of 0.60, a quick ratio of 0.83 and a debt-to-equity ratio of 0.19.

Institutional Trading of NMI

Several hedge funds have recently bought and sold shares of NMIH. Creative Planning grew its position in NMI by 13.4% in the 3rd quarter. Creative Planning now owns 20,006 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 2,357 shares during the period. Donald Smith & CO. Inc. grew its position in NMI by 11.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 969,872 shares of the financial services provider’s stock valued at $39,949,000 after purchasing an additional 97,125 shares during the period. Farther Finance Advisors LLC grew its position in NMI by 989.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 2,950 shares during the period. CWA Asset Management Group LLC acquired a new stake in NMI in the 3rd quarter valued at $820,000. Finally, Assetmark Inc. grew its position in NMI by 5.3% in the 3rd quarter. Assetmark Inc. now owns 78,168 shares of the financial services provider’s stock valued at $3,220,000 after purchasing an additional 3,938 shares during the period. Institutional investors and hedge funds own 94.12% of the company’s stock.

Insider Transactions at NMI

In other news, EVP Mohammad Nawaz Yousaf sold 1,083 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $35.44, for a total transaction of $38,381.52. Following the completion of the sale, the executive vice president now owns 49,218 shares of the company’s stock, valued at $1,744,285.92. This trade represents a 2.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Norman Peter Fitzgerald sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $35.88, for a total transaction of $717,600.00. Following the sale, the executive vice president now directly owns 37,470 shares of the company’s stock, valued at approximately $1,344,423.60. This trade represents a 34.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

About NMI

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; 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.