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NMI Holdings, Inc. (NMIH)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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23.22-0.71 (-2.97%)
At close: 4:00PM EST

23.00 -0.22 (-0.95%)
After hours: 4:50PM EST

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Previous Close23.93
Open23.86
Bid21.71 x 1200
Ask24.99 x 800
Day's Range23.02 - 24.37
52 Week Range8.06 - 25.62
Volume770,386
Avg. Volume771,730
Market Cap1.981B
Beta (5Y Monthly)1.64
PE Ratio (TTM)10.91
EPS (TTM)2.13
Earnings DateMay 04, 2021 - May 10, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est28.73
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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94% Est. Return
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  • NMI Holdings, Inc. Releases Monthly Operating Statistics for February 2021
    GlobeNewswire

    NMI Holdings, Inc. Releases Monthly Operating Statistics for February 2021

    EMERYVILLE, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of February 2021. At February 28, 2021, the company reported 11,648 loans in default and a default rate of 2.77%. Default Activity as of: 3/31/20206/30/20209/30/202012/31/20201/31/20212/28/2021Number of loans in default (1) 1,449 10,816 13,765 12,209 11,905 11,648 Default rate (2) 0.38%2.90%3.60%3.06%2.90%2.77% New Insurance Written During: Quarter Ended 3/31/2020Quarter Ended 6/30/2020Quarter Ended 9/30/2020Quarter Ended 12/31/2020Month Ended 1/31/2021Month Ended 2/28/2021Weighted average composition FICO 757 762 764 761 756 755 Loan-to-value (LTV) 91.3%90.7%90.7%90.9%90.9%90.9%Debt-to-income (DTI) 34.4%33.3%32.8%33.2%33.6%33.7% In-focus risk segments 95.01-97.0% LTV 6.4%4.2%3.2%9.5%9.2%9.1%<680 FICO 1.9%1.0%0.7%1.0%1.4%1.8%>45% DTI 10.3%7.0%4.9%6.1%6.5%6.5%Layered risk (3) 0.2%0.1%0.1%0.1%0.1%0.1% (1) Loans are considered to be in default as of the payment date at which a borrower has missed the preceding two or more consecutive monthly payments (2) Default rate is calculated as total loans in default divided by total policies in force(3) Layered risk includes loans with more than one in-focus risk factor The information concerning the Company's default inventory is compiled from reports received from loan servicers and can be influenced by, among other things, the date on which a servicer generates its report, the number of business days in a month, and transfers of servicing rights between loan servicers. While our total default population declined from January 31, 2021 to February 28, 2021, our default population may increase going forward if additional borrowers face challenges related to the COVID-19 outbreak and choose to access the forbearance program for federally backed loans codified under the CARES Act or other programs made available by private lenders. About NMI HoldingsNMI Holdings, Inc. (NASDAQ: NMIH), is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com. Cautionary Note Regarding Forward-Looking StatementsThis press release may contain statements that are deemed to be forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act”), and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Any or all of our forward–looking statements in this press release may turn out to be inaccurate. More information about the risks, uncertainties and assumptions affecting the company can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K for the year ended December 31, 2020 and in other filings we make with the Securities and Exchange Commission. We have based any forward–looking statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, operating results, business strategy and financial needs. All forward–looking statements are necessarily only estimates and actual events may differ materially from our current expectations. You are, therefore, cautioned not to place undue reliance on such statements. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances. Investor ContactJohn M. SwensonVice President, Investor Relations and Treasuryjohn.swenson@nationalmi.com(510) 788-8417

  • National MI Integrates with Mortech’s Product and Pricing Engine
    GlobeNewswire

    National MI Integrates with Mortech’s Product and Pricing Engine

    Integration helps streamline origination process by providing access to National MI’s Rate GPS risk-based pricing from within Mortech’s platformEMERYVILLE, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- National Mortgage Insurance Corporation (National MI), the primary operating subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is now integrated with Mortech®, a Zillow® Group business. This integration brings National MI’s real-time, risk-based mortgage insurance pricing tool, Rate GPS® , to lenders leveraging Mortech’s industry-leading product and pricing engine, helping them gain operational efficiencies including increased productivity and decreased loan officer cycle time for a more expedited customer response time. “National MI is very pleased to integrate with Mortech, an industry leader in mortgage pricing technology,” said Norm Fitzgerald, chief sales officer with National MI. “Lenders and mortgage professionals leveraging Mortech’s pricing engine will now have access to our competitive rates through our Rate GPS risk-based pricing tool, saving them time and streamlining the origination process.” Mortech’s product and pricing engine provides lenders with instant, accurate pricing at the click of a button, factoring in base price, servicing-released premium (SRP), loan-level price adjustments (LLPAs) and profit margin. These fully automated processes that Mortech provides also include the ability to compare PMI pricing eligibility and product selection, which can help eliminate the need for lenders to manually search, compare and price mortgage insurance. “We’re excited to now offer lenders using our platform an enhanced and simplified process for obtaining competitive mortgage insurance premiums for their customers, all in one unified workflow,” said Doug Foral, general manager of Mortech. “This integration will help our lenders stay competitive in today’s fast-paced mortgage environment.” About National MINational Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit www.nationalmi.com. About MortechMortech supplies thousands of mortgage professionals with a number of services and tools, such as all-in-one pricing, predictive analytics for customer retention, online rate quoting, API services, custom rate sheets, and loan product eligibility. Founded in 1987, Mortech is based in Lincoln, Neb. and is owned and operated by Zillow Group, Inc. (NASDAQ:Z and ZG). Zillow and Mortech are registered trademarks of Zillow, Inc. For more information, visit: http://www.mortech.com/. Cautionary Note Regarding Forward Looking StatementsThis press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act”), and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the performance of National MI's technology integration. Any or all of our forward–looking statements in this press release may turn out to be inaccurate. You are cautioned not to place undue reliance on such statements. More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. Press Contact for National MI Mary McGarityStrategic Vantage Mortgage Public Relations(203)260-5476MaryMcGarity@StrategicVantage.com Investor Contact for National MIJohn M. SwensonVice President, Investor Relations and Treasuryjohn.swenson@nationalmi.com(510)788-8417 Press Contact for MortechGreg Bartoschpress@zillow.com

  • NMI Holdings Inc (NMIH) Q4 2020 Earnings Call Transcript
    Motley Fool

    NMI Holdings Inc (NMIH) Q4 2020 Earnings Call Transcript

    NMIH earnings call for the period ending December 31, 2020.