Lazard Asset Management LLC Boosts Stake in NMI Holdings Inc $NMIH

Lazard Asset Management LLC grew its stake in shares of NMI Holdings Inc (NASDAQ:NMIH) by 12.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 151,544 shares of the financial services provider’s stock after acquiring an additional 16,897 shares during the quarter. Lazard Asset Management LLC’s holdings in NMI were worth $5,684,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NMIH. Teacher Retirement System of Texas boosted its stake in NMI by 22.9% in the 4th quarter. Teacher Retirement System of Texas now owns 187,189 shares of the financial services provider’s stock worth $7,635,000 after purchasing an additional 34,907 shares during the period. River Road Asset Management LLC acquired a new position in shares of NMI during the fourth quarter worth about $15,104,000. Tudor Investment Corp ET AL grew its holdings in shares of NMI by 62.6% during the third quarter. Tudor Investment Corp ET AL now owns 368,840 shares of the financial services provider’s stock worth $14,141,000 after buying an additional 142,065 shares in the last quarter. SG Americas Securities LLC raised its position in NMI by 92.4% in the 4th quarter. SG Americas Securities LLC now owns 37,812 shares of the financial services provider’s stock valued at $1,542,000 after buying an additional 18,157 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in NMI by 19.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 165,384 shares of the financial services provider’s stock valued at $6,759,000 after acquiring an additional 26,614 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NMIH. Barclays lowered their price objective on shares of NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. UBS Group set a $46.00 price objective on shares of NMI in a research note on Friday, May 22nd. Keefe, Bruyette & Woods raised their price objective on NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. lifted their target price on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Royal Bank Of Canada started coverage on NMI in a research note on Friday, May 22nd. They issued an “outperform” rating and a $46.00 price target for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.00.

More NMI News

Here are the key news stories impacting NMI this week:

• Positive Sentiment: Second-quarter net income rose to $105.8 million, or $1.38 per diluted share, from $96.2 million, or $1.21 per share, a year earlier. EPS exceeded the $1.28 analyst consensus, while revenue increased 8.1% year over year to $187.9 million, well above the $156.3 million estimate. NMI Holdings Reports Record Second Quarter 2026 Financial Results
• Positive Sentiment: Profitability remained strong, with a 53.82% net margin and 15.18% return on equity. The earnings beat and record results support the investment case for NMIH, whose stock trades at a relatively low reported P/E multiple of about 8.9. NMI Holdings Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management highlighted capital returns, with approximately $167 million of remaining share-repurchase capacity. Continued buybacks could support per-share earnings and provide a valuation catalyst. NMIH Capital Return Focus
• Neutral Sentiment: The earnings release described the quarter as a record period, with EPS also improving from $1.28 in the first quarter. However, the outlook and management commentary are likely more important to investors than the historical beat. NMI Holdings Q2 Earnings Snapshot
• Negative Sentiment: Management expects defaults to trend higher, raising concerns about future mortgage-insurance claims, loss ratios and earnings volatility. That forward-looking credit-risk warning appears to have outweighed the quarterly earnings and revenue beats, leaving the shares lower. NMIH Expects Defaults to Trend Higher

NMI Trading Down 2.0%

Shares of NMIH stock opened at $43.44 on Friday. The stock has a market cap of $3.30 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.54. NMI Holdings Inc has a 1 year low of $34.84 and a 1 year high of $44.74. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $39.48 and a 200 day simple moving average of $38.95.

NMI (NASDAQ:NMIH) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. NMI had a net margin of 53.82% and a return on equity of 15.18%. The company had revenue of $187.89 million during the quarter, compared to analysts’ expectations of $156.26 million. During the same period in the previous year, the company earned $1.22 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts predict that NMI Holdings Inc will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In related news, Director Michael Curry Montgomery sold 1,554 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.90, for a total transaction of $58,896.60. Following the completion of the sale, the director directly owned 69,026 shares in the company, valued at $2,616,085.40. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.44% of the stock is currently owned by corporate insiders.

NMI Company Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.