NMIHNasdaqSurety InsuranceFiscal year ends December 31
NMI Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$41.01+0.30 (+0.74%)
Close on Oct 19, 2026
- Market cap
- $3.14B
- P/E (TTM)
- 8.1
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
99.9%
75M of 75M shares
Institutional holders
357
42 new, 43 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 13 sales
Net sold $16.96M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Dimensional Fund Advisors LP | 4,567,372 | 5.60% | 13G (passive) | Dec 29, 2023 |
| Vanguard Capital Management | 4,010,885 | 5.26% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 11,919,771 | 15.20% | 13G (passive) amendment | Mar 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NMIH | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 13,189,334 | 17.53% | $541.95M | +326,180 | 0.01% |
| Dimensional Fund Advisors LP | 4,665,910 | 6.20% | $191.72M | +314,102 | 0.03% |
| State Street Corp | 3,478,523 | 4.62% | $142.93M | +175,276 | 0.00% |
| Vanguard Capital Management LLC | 3,420,198 | 4.55% | $140.54M | −10,255 | 0.00% |
| American Century Companies Inc | 3,046,624 | 4.05% | $125.19M | +326,477 | 0.06% |
| Vanguard Portfolio Management LLC | 2,901,852 | 3.86% | $119.24M | −104,826 | 0.01% |
| Geode Capital Management, LLC | 2,110,234 | 2.81% | $86.72M | +95,606 | 0.00% |
| Nomura Asset Management International Inc. | 1,883,225 | 2.50% | $77.38M | +215,297 | 0.12% |
| Van Berkom & Associates Inc. | 1,859,025 | 2.47% | $76.39K | −2,121,769 | 2.46% |
| Assenagon Asset Management S.A. | 1,359,678 | 1.81% | $55.87M | +633,123 | 0.03% |
| Fuller & Thaler Asset Management, Inc. | 1,314,375 | 1.75% | $54.01M | +243,795 | 0.15% |
| FMR LLC | 1,275,890 | 1.70% | $52.43M | +116,993 | 0.00% |
| Goldman Sachs Group Inc | 1,271,316 | 1.69% | $52.24M | +34,553 | 0.00% |
| Bank Of America Corp /De/ | 1,208,661 | 1.61% | $49.66M | −95,972 | 0.00% |
| JPMorgan Chase & Co | 1,184,503 | 1.57% | $48.96M | +308,077 | 0.00% |
| Morgan Stanley | 1,137,279 | 1.51% | $46.73M | +138,420 | 0.00% |
| Charles Schwab Investment Management Inc | 1,011,979 | 1.35% | $41.58M | +26,314 | 0.01% |
| Aqr Capital Management LLC | 954,073 | 1.27% | $39.20M | +235,743 | 0.01% |
| Donald Smith & Co., Inc. | 882,495 | 1.17% | $36.26M | +484,896 | 0.64% |
| Northern Trust Corp | 877,573 | 1.17% | $36.06M | +41,977 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 357 | 75M | 99.9% | 42 / 147 | 115 / 43 | 7M | 7M |
| Q1 2026 | 362 | 76M | 100.0% | 40 / 142 | 136 / 33 | 15M | 5M |
| Q4 2025 | 361 | 74M | 97.9% | 45 / 141 | 137 / 29 | 6M | 6M |
| Q3 2025 | 353 | 75M | 99.6% | 36 / 135 | 132 / 29 | 4M | 4M |
| Q2 2025 | 351 | 75M | 100.0% | 41 / 143 | 128 / 39 | 7M | 7M |
| Q1 2025 | 352 | 76M | 100.0% | 53 / 133 | 125 / 25 | 8M | 7M |
| Q4 2024 | 328 | 75M | 100.0% | 40 / 139 | 104 / 40 | 5M | 7M |
| Q3 2024 | 333 | 77M | 100.0% | 53 / 117 | 120 / 18 | 18M | 6M |
| Q2 2024 | 300 | 79M | 100.0% | 41 / 106 | 110 / 33 | 6M | 9M |
| Q1 2024 | 296 | 82M | 100.0% | 36 / 111 | 104 / 17 | 9M | 6M |
| Q4 2023 | 279 | 80M | 100.0% | 42 / 99 | 105 / 18 | 9M | 6M |
| Q3 2023 | 258 | 77M | 100.0% | 43 / 91 | 99 / 16 | 5M | 6M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NMIH | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 4,577,488 | 6.09% | $188.09M | 0.17% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 2,487,003 | 3.31% | $89.28M | 0.33% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 2,415,181 | 3.21% | $99.24M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,974,195 | 2.62% | $81.12M | 0.10% | Jun 30, 2026 |
| Nomura Small Cap Core Fund | 1,270,460 | 1.69% | $45.61M | 0.83% | May 29, 2026 |
| Fullerthaler Behavioral Small Cap Equity | 1,261,677 | 1.68% | $51.84M | 0.41% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 870,534 | 1.16% | $35.77M | 0.04% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 838,954 | 1.12% | $37.17M | 0.11% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 751,715 | 1.00% | $33.30M | 0.17% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 734,086 | 0.98% | $30.16M | 0.21% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 699,113 | 0.93% | $28.73M | 0.17% | Jun 30, 2026 |
| Vanguard Strategic Equity Fund | 686,586 | 0.91% | $28.21M | 0.23% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Growth ETF | 683,686 | 0.91% | $28.09M | 0.34% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 653,363 | 0.87% | $28.94M | 0.17% | Jul 31, 2026 |
| Dimensional U.S. Targeted Value ETF | 552,048 | 0.73% | $24.46M | 0.17% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Adam Pollitzer | Chief Executive Officer, Director | 630,048 | 0.84% | Sep 9, 2026 |
| Bradley M. Shuster | Executive Chairman, Director | 936,982 | 1.25% | Mar 25, 2026 |
| Nicholas Daniel Realmuto | SVP, Controller | 17,971 | 0.02% | Sep 15, 2026 |
| Aurora Swithenbank | EVP, Chief Financial Officer | 50,734 | 0.07% | Aug 12, 2026 |
| Robert Owen Smith | EVP, Chief Risk Officer | 178,993 | 0.24% | Aug 5, 2026 |
| William J. Leatherberry | Chief Admin. Officer & GC | 342,748 | 0.46% | Feb 27, 2026 |
| Mohammad Nawaz Yousaf | EVP, Chief of Ops and Tech | 71,642 | 0.10% | Feb 18, 2026 |
| Norman Peter Fitzgerald | EVP, Chief Sales Officer | 75,178 | 0.10% | Feb 18, 2026 |
| Michael Curry Montgomery | Director | 130,704 | 0.17% | May 20, 2026 |
| Renu Agrawal | Director | 8,663 | 0.01% | May 18, 2026 |
| Steven Scheid | Director | 222,074 | 0.30% | May 18, 2026 |
| Priya Cherian Huskins | Director | 36,164 | 0.05% | May 18, 2026 |
| Lynn S. McCreary | Director | 48,757 | 0.06% | May 18, 2026 |
| John C. Erickson | Director | 21,832 | 0.03% | May 18, 2026 |
| Michael J. Embler | Director | 125,121 | 0.17% | May 18, 2026 |
| Regina Muehlhauser | Director | 93,770 | 0.12% | May 9, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Nicholas Daniel Realmuto SVP, Controller | Sep 13, 2026 | Tax withholding | −302 | – | – | 7,843 |
| Adam Pollitzer Chief Executive Officer, Director | Sep 4, 2026 | Option exercise | +25,426 | $22.19 | $564.20K | 331,392 |
| Adam Pollitzer Chief Executive Officer, Director | Sep 4, 2026 | Option exercise | +19,435 | $16.00 | $310.96K | 305,966 |
| Adam Pollitzer Chief Executive Officer, Director | Sep 4, 2026 | Option exercise | +16,264 | $18.70 | $304.14K | 286,531 |
| Adam Pollitzer Chief Executive Officer, Director | Sep 4, 2026 | Sale | −172,706 | $44.86 | $7.75M | 270,267 |
| Aurora Swithenbank EVP, Chief Financial Officer | Aug 11, 2026 | Sale | −11,662 | $44.51 | $519.08K | 50,734 |
| Robert Owen Smith EVP, Chief Risk Officer | Aug 3, 2026 | Sale | −12,000 | $44.65 | $535.80K | 96,381 |
| Michael Curry Montgomery Director | May 19, 2026 | Sale | −1,554 | $37.90 | $58.90K | 69,026 |
| Michael J. Embler Director | May 14, 2026 | Award | +4,512 | – | – | 50,558 |
| Lynn S. McCreary Director | May 14, 2026 | Award | +4,512 | – | – | 48,757 |
| Michael Curry Montgomery Director | May 14, 2026 | Award | +4,512 | – | – | 70,580 |
| Priya Cherian Huskins Director | May 14, 2026 | Award | +4,512 | – | – | 36,164 |
| John C. Erickson Director | May 14, 2026 | Award | +4,512 | – | – | 21,832 |
| Steven Scheid Director | May 14, 2026 | Award | +4,512 | – | – | 8,951 |
| Renu Agrawal Director | May 14, 2026 | Award | +4,512 | – | – | 8,663 |
| Aurora Swithenbank EVP, Chief Financial Officer | May 8, 2026 | Tax withholding | −2,922 | – | – | 62,396 |
| Aurora Swithenbank EVP, Chief Financial Officer | May 1, 2026 | Tax withholding | −9,135 | – | – | 65,318 |
| Bradley M. Shuster Executive Chairman, Director | Mar 24, 2026 | Sale | −18,953 | $37.35 | $707.89K | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Mar 23, 2026 | Tax withholding | −36,203 | – | – | 434,364 |
| Bradley M. Shuster Executive Chairman, Director | Mar 23, 2026 | Option exercise | +55,156 | $11.10 | $612.23K | 470,567 |
| Bradley M. Shuster Executive Chairman, Director | Mar 19, 2026 | Sale | −18,996 | $37.05 | $703.80K | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Mar 18, 2026 | Tax withholding | −36,162 | – | – | 434,407 |
| Bradley M. Shuster Executive Chairman, Director | Mar 18, 2026 | Option exercise | +55,158 | $11.10 | $612.25K | 470,569 |
| Nicholas Daniel Realmuto SVP, Controller | Mar 15, 2026 | Award | +3,882 | – | – | 11,198 |
| Nicholas Daniel Realmuto SVP, Controller | Mar 15, 2026 | Tax withholding | −1,042 | – | – | 10,156 |
| Nicholas Daniel Realmuto SVP, Controller | Mar 15, 2026 | Tax withholding | −772 | – | – | 9,384 |
| Nicholas Daniel Realmuto SVP, Controller | Mar 15, 2026 | Tax withholding | −674 | – | – | 8,145 |
| Nicholas Daniel Realmuto SVP, Controller | Mar 15, 2026 | Tax withholding | −565 | – | – | 8,819 |
| Bradley M. Shuster Executive Chairman, Director | Mar 12, 2026 | Sale | −18,976 | $36.58 | $694.14K | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Mar 11, 2026 | Option exercise | +55,158 | $11.10 | $612.25K | 470,569 |
| Bradley M. Shuster Executive Chairman, Director | Mar 11, 2026 | Tax withholding | −36,182 | – | – | 434,387 |
| Bradley M. Shuster Executive Chairman, Director | Mar 5, 2026 | Sale | −19,430 | $38.91 | $756.02K | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Mar 4, 2026 | Tax withholding | −35,728 | – | – | 434,841 |
| Bradley M. Shuster Executive Chairman, Director | Mar 4, 2026 | Option exercise | +55,158 | $11.10 | $612.25K | 470,569 |
| William J. Leatherberry Chief Admin. Officer & GC | Feb 27, 2026 | Other | −4,900 | – | – | 159,334 |
| Bradley M. Shuster Executive Chairman, Director | Feb 26, 2026 | Sale | −19,557 | $39.85 | $779.35K | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Feb 25, 2026 | Tax withholding | −35,601 | – | – | 434,968 |
| Bradley M. Shuster Executive Chairman, Director | Feb 25, 2026 | Option exercise | +55,158 | $11.10 | $612.25K | 470,569 |
| Bradley M. Shuster Executive Chairman, Director | Feb 18, 2026 | Sale | −55,000 | $39.63 | $2.18M | 415,411 |
| Bradley M. Shuster Executive Chairman, Director | Feb 18, 2026 | Option exercise | +55,000 | $11.10 | $610.50K | 470,411 |
| Norman Peter Fitzgerald EVP, Chief Sales Officer | Feb 17, 2026 | Sale | −22,500 | $39.94 | $898.65K | 32,445 |
| Mohammad Nawaz Yousaf EVP, Chief of Ops and Tech | Feb 17, 2026 | Sale | −16,000 | $39.89 | $638.24K | 38,733 |
| Aurora Swithenbank EVP, Chief Financial Officer | Feb 12, 2026 | Tax withholding | −3,363 | – | – | 74,453 |
| Bradley M. Shuster Executive Chairman, Director | Feb 12, 2026 | Tax withholding | −4,921 | – | – | 415,411 |
| Mohammad Nawaz Yousaf EVP, Chief of Ops and Tech | Feb 12, 2026 | Tax withholding | −1,595 | – | – | 54,733 |
| Robert Owen Smith EVP, Chief Risk Officer | Feb 12, 2026 | Tax withholding | −2,981 | – | – | 108,381 |
| Norman Peter Fitzgerald EVP, Chief Sales Officer | Feb 12, 2026 | Tax withholding | −1,919 | – | – | 54,945 |
| William J. Leatherberry Chief Admin. Officer & GC | Feb 12, 2026 | Tax withholding | −4,005 | – | – | 164,234 |
| Adam Pollitzer Chief Executive Officer, Director | Feb 12, 2026 | Tax withholding | −14,674 | – | – | 442,973 |
| Aurora Swithenbank EVP, Chief Financial Officer | Feb 11, 2026 | Award | +14,784 | – | – | 77,816 |
| Bradley M. Shuster Executive Chairman, Director | Feb 11, 2026 | Award | +24,437 | – | – | 420,332 |
| Mohammad Nawaz Yousaf EVP, Chief of Ops and Tech | Feb 11, 2026 | Award | +27,212 | – | – | 67,036 |
| Mohammad Nawaz Yousaf EVP, Chief of Ops and Tech | Feb 11, 2026 | Tax withholding | −10,708 | – | – | 56,328 |
| Mohammad Nawaz Yousaf EVP, Chief of Ops and Tech | Feb 11, 2026 | Award | +9,164 | – | – | 39,824 |
| Robert Owen Smith EVP, Chief Risk Officer | Feb 11, 2026 | Tax withholding | −19,627 | – | – | 111,362 |
| Robert Owen Smith EVP, Chief Risk Officer | Feb 11, 2026 | Award | +13,196 | – | – | 92,415 |
| Robert Owen Smith EVP, Chief Risk Officer | Feb 11, 2026 | Award | +38,574 | – | – | 130,989 |
| Norman Peter Fitzgerald EVP, Chief Sales Officer | Feb 11, 2026 | Award | +8,980 | – | – | 42,810 |
| Norman Peter Fitzgerald EVP, Chief Sales Officer | Feb 11, 2026 | Tax withholding | −13,158 | – | – | 56,864 |
| Norman Peter Fitzgerald EVP, Chief Sales Officer | Feb 11, 2026 | Award | +27,212 | – | – | 70,022 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Pollitzer Adam Officer, Director | Sep 4, 2026 | 190,912 | $8.56M | Sep 4, 2026 | Stock Option Exercise |
| Swithenbank Aurora Officer | Aug 11, 2026 | 11,662 | $519.06K | Aug 11, 2026 | Restricted Stock |
| O. Smith Robert Officer | Aug 3, 2026 | 12,000 | $535.76K | Aug 3, 2026 | Performance Shares |
| Liang Muehlhauser Regina Former Director | Jul 24, 2026 | 8,666 | $370.47K | Jul 24, 2026 | Acquired as compensation -- Restricted Stock Units |
| Liang Muehlhauser Regina Former Director | Jul 21, 2026 | 10,626 | $444.75K | Jul 21, 2026 | Acquired as compensation -- Restricted Stock Units |
| Liang Muehlhauser Regina Former Director | Jul 2, 2026 | 40,000 | $1.64M | Jul 2, 2026 | Acquired as compensation -- Restricted Stock Units |
| Montgomery Michael Director | May 19, 2026 | 1,554 | $58.90K | May 19, 2026 | Restricted Stock |
| M. Shuster Bradley Officer, Director | Mar 24, 2026 | 18,593 | $694.39K | Mar 24, 2026 | Stock Option Exercise |
| M. Shuster Bradley Officer, Director | Mar 19, 2026 | 18,996 | $703.89K | Mar 19, 2026 | Stock Option Exercise |
| M. Shuster Bradley Officer, Director | Mar 12, 2026 | 18,976 | $694.15K | Mar 12, 2026 | Stock Option Exercise |
| M. Shuster Bradley Officer, Director | Mar 5, 2026 | 19,430 | $755.94K | Mar 5, 2026 | Stock Option Exercise |
| M. Shuster Bradley Officer, Director | Feb 26, 2026 | 19,557 | $779.43K | Feb 26, 2026 | Stock Option Exercise |
| M. Shuster Bradley Officer, Director | Feb 18, 2026 | 55,000 | $2.18M | Feb 18, 2026 | Stock Option Exercise |
| Fitzgerald Norman Officer | Feb 17, 2026 | 22,500 | $898.63K | Feb 17, 2026 | Restricted Stock |
| Yousaf Mohammad Officer | Feb 17, 2026 | 16,000 | $638.20K | Feb 17, 2026 | Restricted Stock |