What Happened?

Shares of mortgage insurance provider NMI Holdings (NASDAQ: NMIH) jumped 4.2% in the afternoon session after an analyst at Keefe, Bruyette & Woods upgraded the stock's rating and increased its price target, signaling confidence in the company. 

The analyst, Bose George, lifted the rating on NMI Holdings from 'Market Perform' to 'Outperform'. Alongside the improved rating, the price target for the stock was raised to $48.00 from its previous mark of $46.00. This reassessment indicated a more positive outlook for the company's future performance, reflecting the financial services firm's growing belief in the stock's potential.

After the initial pop the shares cooled down to $41.98, up 3.7% from previous close.

Is now the time to buy NMI Holdings? Access our full analysis report here.

What Is The Market Telling Us

NMI Holdings’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

NMI Holdings is up 14.7% since the beginning of the year, and at $41.98 per share, it is trading close to its 52-week high of $43.15 from July 2025. Investors who bought $1,000 worth of NMI Holdings’s shares 5 years ago would now be looking at an investment worth $1,785.

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