Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About NMI Holdings Inc
NMI Holdings, Inc., together with its subsidiaries, provides private mortgage guaranty insurance services in the United States. It provides primary mortgage insurance services; and outsourced loan review services to mortgage loan originators. The company 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. Read full Trend Edge analysis →
Sector: Financial Services
Industry: Insurance-Specialty
Exchange: NASDAQ
IPO Date: November 8, 2013
Headquarters: 2100 Powell Street, EmeryVille, CA, United States, 94608
Founder-Led: Yes — Bradley M. Shuster (Executive Chairman)
Key Metrics
Current Price
$36.28
Market Cap
$2.87B
Float
74.6M
Shares Outstanding
76.0M
P/E (Forward)
6.83
P/E (TTM)
7.67
Price/Sales (TTM)
4.00
vs. Analyst Target
+27.3% to analyst PT
Profit Margin
53.82%
Operating Margin (TTM)
71.97%
Revenue (TTM)
$717M
Dividend Rate
None
Analyst Target Price
$46.17 (7 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$436M
$172M
$374M
$252M
2021
$486M
$231M
$471M
$340M
2022
$524M
$293M
$527M
$421M
2023
$579M
$322M
$556M
$456M
2024
$651M
$360M
$619M
$512M
2025
$706M
$389M
$648M
$528M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$174M
$96.2M
Sep 2025
$179M
$96.0M
Dec 2025
$180M
$94.2M
Mar 2026
$183M
$99.3M
Ownership & Float
Insider Ownership
1.7%
Institutional Ownership
100.3%
Short Float
2.5%
% of All Funds Holding
3.97%
Number of Funds Holding
326
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$38.14
Near-term / short-term trend
Weekly
40-Week SMA
$38.43
Medium-term trend
Weekly
80-Week SMA
$38.01
Cyclical trend (business cycle)
Weekly
200-Week SMA
$32.14
Secular trend (multi-year)
Monthly
10-Month SMA
$38.36
Near-term monthly trend
Monthly
20-Month SMA
$38.28
Medium-term monthly trend
Monthly
40-Month SMA
$34.16
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$38.70
resistance
1.18x
0 months ago
$36.10
support
1.15x
11 months ago
$34.20
support
1.09x
21 months ago
$31.00
support
1.00x
23 months ago
$30.10
support
1.05x
26 months ago
Historical Earnings Reactions (51 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
1.52%
0.98%
66.67%
11.20%
-7.01%
1 Day
1.15%
0.00%
49.02%
14.58%
-12.85%
1 Week
1.44%
0.87%
58.82%
16.38%
-18.30%
2 Weeks
1.30%
0.17%
50.98%
20.81%
-29.88%
1 Month
2.02%
0.95%
54.00%
34.04%
-52.24%
Next earnings: July 19, 2026 (51 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
1.0%
53.8%
13
Feb
-2.5%
46.2%
13
Mar
-4.5%
46.2%
13
Apr
3.1%
69.2%
13
May
2.9%
50.0%
12
Jun
-0.4%
58.3%
12
Jul
3.7%
50.0%
12
Aug
6.2%
83.3%
12
Sep
-1.3%
41.7%
12
Oct
4.2%
66.7%
12
Nov
1.8%
58.3%
12
Dec
1.5%
46.2%
13
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.02%
51.1%
591
Tuesday
0.12%
51.0%
651
Wednesday
0.16%
50.5%
645
Thursday
0.03%
51.5%
633
Friday
0.00%
50.0%
632
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 100.3%
Insider Transactions — Smart Summary
Total insider ownership: 1.7%
Founder-led management: Bradley M. Shuster (Executive Chairman)
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The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
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share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
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