What is Zacks Research’s Estimate for NMI Q1 Earnings?

NMI Holdings Inc (NASDAQ:NMIH) – Zacks Research cut their Q1 2026 earnings per share (EPS) estimates for NMI in a research note issued to investors on Thursday, March 5th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $1.22 per share for the quarter, down from their previous estimate of $1.23. 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 $1.31 EPS, Q3 2026 earnings at $1.30 EPS, FY2026 earnings at $5.12 EPS, Q1 2027 earnings at $1.36 EPS and FY2028 earnings at $5.63 EPS.

Several other analysts also recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research note on Thursday, January 22nd. UBS Group set a $43.00 price objective on NMI in a research note on Monday, January 12th. JPMorgan Chase & Co. boosted their price objective on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Barclays increased their target price on NMI from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Keefe, Bruyette & Woods raised shares of NMI from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.00 to $48.00 in a research report on Thursday, December 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, NMI currently has an average rating of “Moderate Buy” and an average price target of $43.00.

NMI Price Performance

Shares of NASDAQ NMIH opened at $38.29 on Friday. The firm has a market capitalization of $2.91 billion, a P/E ratio of 7.80, a P/E/G ratio of 1.07 and a beta of 0.63. The firm’s 50-day moving average price is $39.38 and its 200-day moving average price is $38.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. NMI has a 1-year low of $31.90 and a 1-year high of $43.20.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new position in NMI in the second quarter worth $13,245,000. Exchange Traded Concepts LLC bought a new stake in shares of NMI during the 3rd quarter worth $1,926,000. Capital Fund Management S.A. bought a new stake in shares of NMI during the 2nd quarter worth $1,298,000. Public Sector Pension Investment Board boosted its holdings in shares of NMI by 5.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 597,447 shares of the financial services provider’s stock worth $22,906,000 after buying an additional 30,341 shares during the last quarter. Finally, Jump Financial LLC grew its position in NMI by 184.6% during the second quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock valued at $8,156,000 after buying an additional 125,401 shares during the period. 94.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NMI

In related news, EVP Norman Peter Fitzgerald sold 22,500 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $39.94, for a total transaction of $898,650.00. Following the completion of the sale, the executive vice president owned 32,445 shares in the company, valued at approximately $1,295,853.30. This represents a 40.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Bradley M. Shuster sold 55,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $39.63, for a total value of $2,179,650.00. Following the transaction, the chairman owned 415,411 shares in the company, valued at approximately $16,462,737.93. This trade represents a 11.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 132,487 shares of company stock valued at $5,251,908 over the last 90 days. Insiders own 3.00% of the company’s stock.

NMI News Roundup

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Zacks publishes a bullish valuation take arguing NMIH trades at a discount to peers (about 1.15x industry) and highlights growth drivers — higher new insurance written volume, a comprehensive reinsurance program, and prudent capital deployment. This supports a longer-term buy case. Zacks: NMIH Stock Trading at a Discount
• Positive Sentiment: Management (CEO Adam Pollitzer and CFO Aurora Swithenbank) will present at the RBC Global Financial Institutions Conference on March 11 — an event that typically increases transparency and can help re-rate a stock if management gives constructive guidance. The presentation will be posted on the company IR site. GlobeNewswire: RBC Conference Participation
• Neutral Sentiment: Zacks Research issued a batch of small estimate changes that are mixed: they nudged FY2026 EPS higher to $5.12 (from $5.10) and lifted Q2/Q3 2026 estimates modestly, but trimmed longer-term FY2028 slightly. These revisions imply modestly better medium-term profitability but little change to consensus near-term guidance. AmericanBankingNews: Zacks Research Forecasts
• Negative Sentiment: Some near-term EPS estimates were trimmed: Zacks cut Q1 2026 and Q1 2027 forecasts slightly (e.g., Q1 2026 to $1.22 from $1.23; Q1 2027 to $1.36 from $1.38). Even small downward tweaks to near-term quarterly guidance can pressure the stock in the short term. AmericanBankingNews: Zacks Research Forecasts

NMI Company Profile

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.