NMIH
NMI Holdings, Inc.
NasdaqGMUSDEQUITY
Financial Services
DELAYED
Neutral
-7/100
Last price
39.91
▲ 0.52 (1.32%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
40.06
Prev close
39.39
Day high
39.94
Day low
39.20
Volume
563.11K
Market cap
$3.00B
P/E (TTM)
7.86
52W range
34.84 – 46.74
Day trading desk
Gap from prior close
+1.70%
Prior close 39.39
VWAP
39.77
+0.35% from price
Relative volume
1.47×
Normal
Session range
2.19%
39.20 – 40.06
Position in range
83%
Near session high
ATR (14D)
1.17
2.92% of price
Prior day high
39.66
PDH
Prior day low
38.74
PDL
Bid / ask spread
—
Quote not published
Session volume
819.40K
Avg 559.13K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-2.01%
-4.0%
1M
-10.97%
-12.1%
3M
-2.66%
-7.2%
6M
+4.53%
-13.7%
YTD
-2.16%
-16.4%
1Y
+8.69%
-7.7%
3Y
+47.32%
-34.9%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on NMIH open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-132.28K
Net selling
Buy transactions
2
65.64K shares
Sell transactions
4
197.92K shares
Net transactions
+6
Buys less sells
Sell : buy shares
3.0 : 1
Mixed
Insider-held shares
1.19M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 4, 26 | POLLITZER ADAM S Chief Executive Officer |
SELL | 172.71K | $7.75M | Direct |
| Sep 4, 26 | POLLITZER ADAM S Chief Executive Officer |
CONVERSION | 61.13K | $1.18M | Direct |
| Aug 11, 26 | SWITHENBANK AURORA Chief Financial Officer |
SELL | 11.66K | $519.06K | Direct |
| Aug 3, 26 | SMITH ROBERT OWEN Officer |
SELL | 12.00K | $535.76K | Direct |
| May 19, 26 | MONTGOMERY MICHAEL CURRY Director |
SELL | 1.55K | $58.90K | Direct |
| May 14, 26 | AGRAWAL RENU Director |
STOCK | 4.51K | $0 | Direct |
| Mar 24, 26 | SHUSTER BRADLEY MIZE Officer and Director |
SELL | 18.95K | $707.83K | Direct |
| Mar 23, 26 | SHUSTER BRADLEY MIZE Officer and Director |
CONVERSION | 55.16K | $612.23K | Direct |
| Mar 19, 26 | SHUSTER BRADLEY MIZE Officer and Director |
SELL | 19.00K | $703.88K | Direct |
| Mar 18, 26 | SHUSTER BRADLEY MIZE Officer and Director |
CONVERSION | 55.16K | $612.25K | Direct |
| Mar 13, 26 | REALMUTO NICHOLAS DANIEL Officer |
STOCK | 3.88K | $0 | Direct |
| Mar 12, 26 | SHUSTER BRADLEY MIZE Officer and Director |
SELL | 18.98K | $694.15K | Direct |
| Mar 11, 26 | SHUSTER BRADLEY MIZE Officer and Director |
CONVERSION | 55.16K | $612.25K | Direct |
| Mar 5, 26 | SHUSTER BRADLEY MIZE Officer and Director |
SELL | 19.43K | $755.94K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
EMBLER MICHAEL J |
Director | 46.05K | Sale |
LEATHERBERRY WILLIAM J |
General Counsel | 164.23K | Stock Award(Grant) |
MONTGOMERY MICHAEL CURRY |
Director | 69.03K | Sale |
MUEHLHAUSER REGINA |
Director | 69.29K | Stock Award(Grant) |
POLLITZER ADAM S |
Chief Executive Officer | 270.27K | Sale |
SCHEID STEVEN L |
Director | — | Sale |
SHUSTER BRADLEY MIZE |
Officer and Director | 462.56K | Sale |
SMITH ROBERT OWEN |
Officer | 96.38K | Sale |
SWITHENBANK AURORA |
Chief Financial Officer | 50.73K | Sale |
YOUSAF MOHAMMAD NAWAZ |
Officer | 38.73K | Sale |
Fundamentals
Market cap$3.00B
Enterprise value$3.27B
Revenue (TTM)$730.78M
Gross profit$558.20M
EBITDA$545.69M
Net income$395.33M
EPS (TTM)$5.08
Free cash flow$329.76M
Total cash$161.26M
Total debt$426.15M
Book value / share$35.89
Shares outstanding75.22M
Float73.91M
Short % of float3.21%
Dividend yield0.00%
Beta (5Y)0.56
Valuation & profitability ratios
Trailing P/E7.86
Forward P/E7.23
PEG ratio—
Price / sales—
Price / book1.11
EV / revenue4.47
EV / EBITDA5.99
Gross margin76.38%
Operating margin76.67%
Profit margin54.10%
Return on equity15.43%
Return on assets8.82%
Debt / equity15.75
Current ratio2.03
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $706.44M | $650.97M | $579.00M | $524.46M | +8.5% |
| Operating revenue | $706.44M | $650.97M | $579.00M | $524.46M | +8.5% |
| Net interest income | -$28.48M | -$36.90M | -$32.21M | -$32.16M | +22.8% |
| Pre-tax income | $499.80M | $463.41M | $412.70M | $377.31M | +7.9% |
| Tax provision | $110.88M | $103.31M | $90.59M | $84.40M | +7.3% |
| Net income | $388.93M | $360.11M | $322.11M | $292.90M | +8.0% |
| Net income to common | $388.93M | $360.11M | $322.11M | $292.90M | +8.0% |
| Basic EPS | 5.01 | 4.51 | 3.91 | 3.45 | +11.1% |
| Diluted EPS | 4.92 | 4.43 | 3.84 | 3.39 | +11.1% |
| EBIT | $528.28M | $500.31M | $444.92M | $409.47M | +5.6% |
| Basic shares | 77.63M | 79.84M | 82.41M | 84.92M | -2.8% |
| Diluted shares | 79.04M | 81.27M | 83.85M | 86.00M | -2.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $43.94M | $54.22M | $95.35M | $42.25M | -19.0% |
| Cash & short-term investments | $448.37M | $356.33M | $333.29M | $381.24M | +25.8% |
| Accounts receivable | $124.84M | $115.06M | $103.97M | $91.27M | +8.5% |
| Property, plant & equipment | $21.73M | $25.68M | $30.25M | $31.93M | -15.4% |
| Goodwill & intangibles | $3.63M | $3.63M | $3.63M | $3.63M | 0.0% |
| Total assets | $3.84B | $3.35B | $2.94B | $2.52B | +14.7% |
| Long-term debt | $417.03M | $415.15M | $397.60M | $396.05M | +0.5% |
| Total debt | $417.03M | $415.15M | $397.60M | $396.05M | +0.5% |
| Total liabilities | $1.25B | $1.13B | $1.01B | $902.30M | +10.3% |
| Retained earnings | $1.97B | $1.58B | $1.22B | $901.04M | +24.6% |
| Shareholder equity | $2.59B | $2.22B | $1.93B | $1.61B | +16.9% |
| Net tangible assets | $2.59B | $2.21B | $1.92B | $1.61B | +16.9% |
| Shares issued | 88.37M | 87.90M | 87.33M | 86.47M | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $388.93M | $360.11M | $322.11M | $292.90M | +8.0% |
| Depreciation & amortisation | $11.26M | $11.94M | $11.54M | $11.87M | -5.7% |
| Stock-based compensation | $20.19M | $19.81M | $16.91M | $15.43M | +1.9% |
| Change in working capital | -$70.74M | -$87.03M | -$100.95M | -$97.17M | +18.7% |
| Operating cash flow | $419.30M | $393.60M | $342.68M | $313.39M | +6.5% |
| Capital expenditure | -$6.78M | -$6.91M | -$9.37M | -$10.57M | +1.8% |
| Investing cash flow | -$316.47M | -$339.29M | -$200.00M | -$289.79M | +6.7% |
| Share buybacks | -$105.10M | -$97.61M | -$91.61M | -$56.58M | -7.7% |
| Financing cash flow | -$113.20M | -$96.70M | -$90.42M | -$55.83M | -17.1% |
| Free cash flow | $412.52M | $386.70M | $333.31M | $302.82M | +6.7% |
| End cash position | $43.94M | $54.31M | $96.69M | $44.43M | -19.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $187.89M | $183.47M | $180.74M | $178.68M | $173.78M | +2.4% |
| Operating revenue | $187.89M | $183.47M | $180.74M | $178.68M | $173.78M | +2.4% |
| Net interest income | -$7.12M | -$7.11M | -$7.13M | -$7.12M | -$7.12M | -0.1% |
| Pre-tax income | $136.95M | $124.94M | $121.15M | $123.68M | $123.60M | +9.6% |
| Tax provision | $31.16M | $25.61M | $26.93M | $27.68M | $27.45M | +21.6% |
| Net income | $105.79M | $99.33M | $94.22M | $96.00M | $96.15M | +6.5% |
| Net income to common | $105.79M | $99.33M | $94.22M | $96.00M | $96.15M | +6.5% |
| Basic EPS | 1.40 | 1.30 | 1.23 | 1.24 | 1.23 | +7.7% |
| Diluted EPS | 1.38 | 1.28 | 1.20 | 1.22 | 1.21 | +7.8% |
| EBIT | $144.06M | $132.05M | $128.28M | $130.81M | $130.72M | +9.1% |
| Basic shares | 75.78M | 76.17M | 76.70M | 77.41M | 77.99M | -0.5% |
| Diluted shares | 76.58M | 77.44M | 78.21M | 78.83M | 79.26M | -1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $72.12M | $70.68M | $43.94M | $130.44M | $84.01M | +2.0% |
| Cash & short-term investments | $627.26M | $469.85M | $448.37M | $505.83M | $461.07M | +33.5% |
| Accounts receivable | $127.21M | $126.56M | $124.84M | $121.05M | $116.35M | +0.5% |
| Property, plant & equipment | $20.75M | $20.89M | $21.73M | $22.76M | $23.79M | -0.6% |
| Goodwill & intangibles | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | 0.0% |
| Total assets | $4.00B | $3.91B | $3.84B | $3.73B | $3.59B | +2.2% |
| Long-term debt | $418.02M | $417.52M | $417.03M | $416.55M | $416.07M | +0.1% |
| Total debt | $418.02M | $417.52M | $417.03M | $416.55M | $416.07M | +0.1% |
| Total liabilities | $1.29B | $1.28B | $1.25B | $1.21B | $1.17B | +1.2% |
| Retained earnings | $2.18B | $2.07B | $1.97B | $1.88B | $1.78B | +5.1% |
| Shareholder equity | $2.71B | $2.63B | $2.59B | $2.51B | $2.42B | +2.8% |
| Net tangible assets | $2.70B | $2.63B | $2.59B | $2.51B | $2.42B | +2.8% |
| Shares issued | 75.37M | 88.95M | 88.37M | 88.37M | 88.37M | -15.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $105.79M | $99.33M | $94.22M | $96.00M | $96.15M | +6.5% |
| Depreciation & amortisation | $2.48M | $2.48M | $2.70M | $2.84M | $2.84M | -0.2% |
| Stock-based compensation | $5.31M | $4.68M | $6.22M | $4.50M | $4.96M | +13.3% |
| Change in working capital | $7.68M | -$9.32M | -$54.08M | $9.03M | $7.46M | +182.4% |
| Operating cash flow | $142.63M | $116.09M | $61.74M | $128.05M | $128.36M | +22.9% |
| Capital expenditure | -$2.38M | -$1.10M | -$1.65M | -$1.78M | -$1.65M | -116.5% |
| Investing cash flow | -$108.44M | -$47.91M | -$117.66M | -$57.02M | -$94.13M | -126.4% |
| Share buybacks | -$32.29M | -$27.68M | -$30.59M | -$24.59M | -$23.98M | -16.7% |
| Financing cash flow | -$32.74M | -$41.44M | -$30.59M | -$24.60M | -$24.42M | +21.0% |
| Free cash flow | $140.25M | $114.99M | $60.09M | $126.27M | $126.71M | +22.0% |
| End cash position | $72.12M | $70.68M | $43.94M | $130.44M | $84.01M | +2.0% |
Options analytics
Put / call volume
0.14
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
35.00
-12.3% from spot
ATM implied vol
0.8%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
7
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
40.00
0 contracts
Heaviest put OI
35.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.28 | 1.38 | +7.7% |
| Mar 2026 | 1.23 | 1.28 | +3.9% |
| Dec 2025 | 1.19 | 1.20 | +0.8% |
| Sep 2025 | 1.21 | 1.21 | +0.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.30 | 7 | $190.23M | +6.5% |
| Next quarter | 1.32 | 7 | $192.94M | +6.8% |
| Current year | 5.28 | 7 | $754.68M | +6.8% |
| Next year | 5.55 | 6 | $790.16M | +4.7% |
Analyst targets & ownership
Mean target$49.86
High target$54.00
Low target$43.00
Implied upside24.92%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 3
Hold2
Sell / Strong sell0 / 0
Held by insiders1.58%
Held by institutions101.47%
Institutions holding484
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
40.02
-0.28% from price
SMA 20
41.71
-4.31% from price
SMA 50
43.56
-8.39% from price
SMA 100
41.32
-3.42% from price
SMA 200
40.18
-0.66% from price
EMA 12
40.33
-1.04% from price
EMA 26
41.67
-4.22% from price
EMA 50
42.23
-5.50% from price
RSI (14)
37.6
Neutral
MACD (12,26,9)
-1.34
Hist -0.26
ATR (14)
1.17
2.92% of price
Realised vol 30D
29.0%
Annualised
Bollinger upper
45.81
20, 2σ
Bollinger lower
37.60
20, 2σ
50 / 200 cross
Golden
43.56 vs 40.18
Trend bias
Below 200
-0.66%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.16
Less volatile than market
Correlation to SPY
0.09
Largely independent
Realised vol 30D
29.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-18.4%
Peak to trough
Max drawdown 5Y
-41.8%
Peak to trough
ATR 14
1.17
2.92% of price
Beta (reported)
0.56
5Y monthly, from filing
Short interest
Shares short
1.98M
Prior 1.93M
Change vs prior
+2.2%
Shorts adding
% of float
3.21%
Normal
% of shares out
2.63%
Against total outstanding
Days to cover
4.2
Liquid
Float
73.91M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 31, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jul 31, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Jul 13, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jun 25, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 22, 26 | RBC Capital | INITIATED | — | Outperform |
| May 4, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 10, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 9, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Apr 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jan 12, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Jan 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Dec 18, 25 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-05-15
Periodic Financial Reports
10-Q · 2026-05-01
Corporate Changes & Voting Matters
8-K · 2026-04-30
Annual Report to Shareholders
ARS · 2026-03-26
Corporate Changes & Voting Matters
8-K · 2026-02-12
Corporate Changes & Voting Matters
8-K · 2026-02-10
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.