NMI Holdings Inc. (NMIH)
Summary
NMIH Chart
NMIH Gains 20.9% in Three Months: What Investors Should Know?
NMI Holdings' strong insurance growth, credit performance and capital position support earnings, with buybacks adding to shareholder value.
NMI Holdings: Resilient Credit Performance Increasingly Reflected In Valuation (Downgrade)
NMI Holdings has outperformed, reaching a 52-week high and surpassing my $42 price target, driven by strong credit performance and market share gains. NMIH's prudent underwriting, low default rates, and robust balance sheet underpin resilience, though credit losses are expected to gradually rise as legacy policies diminish. Despite a healthy labor market and incremental investment income tailwinds, NMIH's more aggressive growth strategy increases exposure to potential home price declines.
NMIH Q2 Earnings Beat on Premium Growth and Lower Claims
NMIH beat Q2 earnings estimates as premium growth, stronger investment income and lower claims lifted revenues and profitability.
NMI Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 651 | $25,343.99 | $29,213.43 | $3,869.44 | 15.27% |
| JC JoAnn Conry HUDSON EDGE INVESTMENT PARTNERS Inc. | 9,149 | $321,173.39 | $410,563.2 | $89,389.81 | 27.83% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6 | $244.74 | $269.28 | $24.54 | 10.03% |
 Donald Smith & Co Donald Smith & Co Inc. | 882,495 | $34.8M | $39.01M | $4.2M | 12.07% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 723 | $27,907.12 | $32,267.49 | $4,360.37 | 15.62% |
NMI Holdings Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BG Bose George Keefe, Bruyette & Woods | 354.8 | $13,791 | $15,926.88 | $2,135.88 | 15.49% |
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NMI Holdings Inc. Profile
| Insurance Industry | Financials Sector | Adam S. Pollitzer CEO | NASDAQ (NMS) Exchange | 629209305 CUSIP |
| US Country | 225 Employees | - Last Dividend | - Last Split | 8 Nov 2013 IPO Date |
Overview
NMI Holdings, Inc., established in 2011 and based in Emeryville, California, is a key player in the U.S. private mortgage insurance industry. The company focuses on providing mortgage guaranty insurance services, addressing the needs of a diverse client base. This client roster includes national and regional mortgage banks, large-scale money center banks, community banks, credit unions, as well as builder-owned mortgage lenders, lenders sourced from the internet, and various non-bank lending institutions. Through its comprehensive services, NMI Holdings, Inc. plays a crucial role in facilitating homeownership for many Americans by offering products that protect lenders from default-related losses on residential mortgage loans.
Products and Services
- Primary Mortgage Insurance
- Pool Insurance
- Outsourced Loan Review Services
Designed to protect lenders from the risk of default and foreclosure, primary mortgage insurance covers a portion of the unpaid loan balance in the event that a borrower fails to fulfill their repayment obligations. This is a critical service for lenders, reducing their risk and encouraging them to provide more mortgages to prospective homeowners, particularly those who are unable to make a large down payment.
Pool insurance supplements primary mortgage insurance by providing additional coverage on portfolios of loans. This type of insurance is beneficial for lenders who seek to mitigate the risk associated with loan pools, especially when those loans exhibit higher risk characteristics. By covering a portion of the losses on aggregated loans, pool insurance helps lenders maintain financial stability and regulatory compliance.
To assist mortgage loan originators in assessing the creditworthiness and compliance of potential borrowers, NMI Holdings offers outsourced loan review services. This service streamlines the loan origination process for its clients, ensuring thorough and efficient review practices that align with industry standards and regulations. It helps in identifying potential issues early in the loan process, thereby reducing the probability of future defaults.
