BTIG assumes coverage of NMI Holdings with 'buy' rating; shares rise

By Reuters News17:14 (UTC), 22 September 2026 Updated

** Shares of mortgage insurer NMI Holdings NMIH.O rise nearly 2% to $43.26 in afternoon trading

** BTIG assumes coverage with "buy" rating; PT at $54, implying a 27% upside to stock's last close

** Says combination of faster insurance in force growth and a lower loss ratio translates into the fastest EPS growth and above average ROEs among peers

** Expects the better credit quality of co to result in lower volatility of loss ratios over time

** 6 of 8 brokerages rate the stock "buy" or above, 2 "hold"; median PT at $51 — data compiled by LSEG

** Including session moves, stock has risen 6% YTD

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