NMI Holdings, Inc. (NMIH)

In the past six months, NMI Holdings, Inc. announced a US$250 million share repurchase program and reported its fourth quarter and full year 2025 financial results on February 10, 2026, with net income of $94.2 million, or $1.20 per diluted share for Q4 2025, surpassing analysts' consensus estimates. Analyst ratings have generally been positive, with the stock receiving an average rating of "Moderate Buy" from five firms. Several analysts have adjusted their price targets, with some raising them. Insider selling by the Chairman was also reported in the past six months. The stock's 52-week range has been between $32.66 and $43.20.

Information regarding the specific demand seasonality for NMI Holdings, Inc.'s products and services is not explicitly detailed in the provided search results. However, as a mortgage insurance provider, its business is inherently linked to the broader housing and mortgage markets. Factors influencing these markets, such as interest rate changes, housing inventory, and economic conditions, can introduce cyclicality in demand for mortgage insurance. The company's strong and resilient demand for its mortgage insurance products has been bolstered by historically high persistency levels.

NMI Holdings, Inc. is a U.S.-based financial services company operating in the private mortgage insurance industry. It provides private mortgage guaranty insurance through its subsidiaries, National Mortgage Insurance Corporation (NMIC) and National Mortgage Reinsurance Inc One (Re One). Its major products include primary mortgage insurance and pool insurance, and it offers outsourced loan review services through NMI Services, Inc. (NMIS). The company's clientele includes various types of lenders.

NMI Holdings, Inc. has a broad geographic footprint, with its primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), licensed to write mortgage insurance coverage in all 50 U.S. states and the District of Columbia. The company also serves lenders in select Canadian provinces. As of December 31, 2025, the top states for its primary risk-in-force (RIF) were California (10.1%), Texas (8.3%), and Florida (7.2%). The company's headquarters are located in Emeryville, California.

NMI Holdings, Inc. generally holds a positive brand reputation, as reflected by analyst consensus. The company has received an average rating of "Moderate Buy" from analysts, with a majority recommending a "Buy" or "Strong Buy." The company's average rating score is 2.80, based on four buy ratings and one hold rating. NMI Holdings also has a "Buy" rating from Zacks Investment Research, expecting an above-average return. The company's 2024 Sustainability Report indicates a focus on corporate responsibility.

NMI Holdings, Inc. is predominantly owned by institutional shareholders, who hold 96.74% of the stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, American Century Companies Inc, Van Berkom & Associates Inc., Geode Capital Management, Llc, Delaware Management Holdings, Inc., Capital World Investors, and Nuveen, LLC. Insiders own 15.79% of the company, with retail investors holding 0.00%. The largest individual shareholder is John Brandon Osmon, who owns 5.35 million shares, representing 7.03% of the company.