NASDAQ:STEP 24 February 2026

April 6, 2026, 12:35 PM EDT. Shares of NMI Holdings Inc. (NMIH) have risen 14.5% over the past year, outperforming industry peers and trading near a 52-week high of $43.20. The insurer posted 14.2% earnings growth over five years and consistently beat estimates, showing strong operational execution. NMIH's forward price-to-book ratio of 1.1 suggests it is valued attractively compared to the industry average of 1.39. Consensus forecasts project 4.2% earnings per share growth in 2026 and 7.1% in 2027. The company maintains a robust return on equity at 15.7%, doubling the industry average. New business opportunities in the mortgage insurance market and a $250 million authorized share repurchase program signal potential for further gains. Analyst price targets imply a 23.3% upside, pointing to sustained investor confidence and growth potential.