NMI Holdings

NMIH

Market cap $2.99B

NMI Holdings (NMIH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investors interested in Insurance - Property and Casualty stocks are likely familiar with NMI Holdings (NMIH) and Kinsale Capital Group, Inc. (KNSL). But which of these two stocks presents investors with the better value opportunity right now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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EMERYVILLE, Calif., Feb. 12, 2026 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (Nasdaq: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), announced today that Renu Agrawal has been appointed as an independent member of its Board of Directors, effective immediately.

NMI Holdings (NMIH) has outperformed, but shares now trade above my prior $40.50 target, warranting a reassessment. NMIH's aggressive policy growth and high-quality underwriting support results, yet loss ratios are normalizing as older, low-risk vintages roll off. Forward earnings estimates appear too high; I expect EPS to settle in the $4.70–$4.90 range amid pricing pressure and rising losses.

NMIH tops Q4 estimates as premiums, investment income and insurance in force rise, despite lower persistency and a higher loss ratio.

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NMI Holdings, Inc. (NMIH) Q4 2025 Earnings Call Transcript

Although the revenue and EPS for NMI Holdings (NMIH) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.