Lazard Asset Management LLC Grows Stock Position in NMI Holdings Inc $NMIH

Lazard Asset Management LLC boosted its position in NMI Holdings Inc (NASDAQ:NMIH) by 12.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,544 shares of the financial services provider’s stock after buying an additional 16,897 shares during the period. Lazard Asset Management LLC owned approximately 0.20% of NMI worth $5,684,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NMIH. Bank of America Corp DE lifted its stake in shares of NMI by 95.3% in the 3rd quarter. Bank of America Corp DE now owns 1,014,557 shares of the financial services provider’s stock worth $38,898,000 after acquiring an additional 495,144 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. BNP Paribas Financial Markets raised its holdings in NMI by 184.3% during the second quarter. BNP Paribas Financial Markets now owns 427,397 shares of the financial services provider’s stock worth $18,032,000 after purchasing an additional 277,065 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in NMI by 85.7% during the third quarter. Ameriprise Financial Inc. now owns 600,139 shares of the financial services provider’s stock worth $23,009,000 after purchasing an additional 276,897 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in NMI by 1,312.9% in the first quarter. Jane Street Group LLC now owns 224,152 shares of the financial services provider’s stock valued at $8,081,000 after purchasing an additional 208,287 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

NMI Trading Down 2.0%

Shares of NMI stock opened at $43.44 on Friday. The company has a 50-day moving average of $39.48 and a two-hundred day moving average of $38.95. NMI Holdings Inc has a 12-month low of $34.84 and a 12-month 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 market cap of $3.30 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 1.54 and a beta of 0.54.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on NMIH. UBS Group set a $46.00 target price on NMI in a research report on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Barclays decreased their price target on NMI from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Weiss Ratings upgraded NMI from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods raised their target price on NMI from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

NMI News Summary

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

Insider Buying and Selling at NMI

In other news, Director Michael Curry Montgomery sold 1,554 shares of NMI 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 transaction, the director owned 69,026 shares of the company’s stock, valued at $2,616,085.40. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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.