NMI Holdings, Inc. (NMIH)

In the past six months, NMI Holdings, Inc. stock has experienced several notable events and performance trends. As of November 27, 2025, the stock was trading around $38.12, with a 52-week range between $31.90 and $43.20, experiencing a slight decrease of -2.03%. Key events include exceeding third-quarter 2025 revenue expectations with $178.7 million and reporting an EPS of $1.21, stock repurchases of $24.6 million in Q3 2025 and $319 million year-to-date, reporting net income of $96.2 million for Q2 2025, and reporting net income of $86.2 million for Q4 2024.

Demand for NMI Holdings' mortgage insurance products and services is influenced by the seasonality of the housing market, with increased activity in the spring and summer months. While the impact of seasonality was noted to be "a bit more muted" in 2025, the underlying seasonal patterns in home buying and related mortgage activity generally influence the demand for mortgage insurance. A significant decline in interest rates could also impact new business activity and potentially credit experience.

NMI Holdings, Inc. operates as a specialty insurance company focused on the mortgage insurance sector, providing private mortgage guaranty insurance to protect lenders and investors from default-related losses. The company offers primary mortgage insurance, pool insurance, reinsurance on loans, and outsourced loan review services, serving a diverse client base including mortgage banks, credit unions, and internet-sourced lenders.

NMI Holdings, Inc. primarily operates within the United States, with its subsidiary, National Mortgage Insurance Corporation (NMIC), licensed to write mortgage insurance coverage in all 50 states and the District of Columbia. The company is headquartered in Emeryville, California.

NMI Holdings has maintained a positive brand reputation, being recognized as a "Great Place to Work for ten consecutive years", highlighting a highly engaged and stable workforce. The company's commitment to innovative financial products and seamless service delivery is also demonstrated by the launch of NMI Payments and enhanced integrations. NMI Holdings also emphasizes its role in assisting first-time and low down-payment borrowers in achieving homeownership.

The ownership structure of NMI Holdings (NMIH) stock is primarily a mix of institutional, retail, and individual investors. Institutional investors hold a significant portion, approximately 76.40% to 81.5% of the company's stock. Major institutional owners include Blackrock Inc., Vanguard Group Inc., and Dimensional Fund Advisors Lp. The largest individual shareholder is John Brandon Osmon, owning 5.35 million shares, representing 6.96% of the company.