Keefe, Bruyette & Woods Rates NMI (NMIH) buy, $47 Price Target

Keefe, Bruyette & Woods maintains its buy rating on NMI Holdings with a $47 price target, a 14.02% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 3:03 AM EDT · Updated Jun 30, 2026, 5:02 AM EDT

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Keefe, Bruyette & Woods rated NMI Holdings, Inc. ($NMIH) "buy" with a $47 price target on June 25, 2026.

Since the rating, $NMIH is up 3.8% after 1 week, up 8.8% after 1 month and up 2.9% to date (from the $39.55 close on Jun 25, 2026).

NMIH NMI Holdings, Inc.

$40.71 +0.25% year to date

Daily close · Oct 16, 2026

Key Points

Keefe, Bruyette & Woods reiterated its buy rating for NMI Holdings, Inc. (NMIH) with a $47 target on June 25, 2026.
Keefe, Bruyette & Woods's $47 price target implies 14.02% upside from NMI Holdings, Inc.'s ($NMIH) current $41.22 share price.
NMI Holdings, Inc. shares traded at $39.45 on Friday, with a market cap of $3 billion and a forward P/E of 7.33.
Insider transactions included purchases by several executives, and institutional activity showed varied interest from major funds.

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Keefe, Bruyette & Woods has reiterated its buy rating on NMI Holdings, Inc. (NasdaqGM: NMIH) with a price target of $47, as announced on June 25, 2026. This comes as part of the firm's ongoing analysis of the company, with shares trading at $39.45 on Friday.

Analyst rating track record

Keefe, Bruyette & Woods vs. the S&P 500

YTD return -47.78% hypothetical

All-time return -74.50% S&P 500 +23.48%

vs. S&P 500 -97.98% behind the index

Hypothetical returns from Keefe, Bruyette & Woods's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

On June 25, 2026, Keefe, Bruyette & Woods maintained its buy rating for NMI Holdings with a price target of $47. This analyst update followed previous ratings from various firms, including RBC Capital, which initiated coverage with a buy rating and a $46 target on May 22, 2026. Barclays has maintained a hold rating with a target of $43 as of April 6, 2026.

Other Institutional Activity in NMI Holdings

BlackRock, Inc. reduced its holdings by 252,500 shares, bringing its total to over 12.8 million shares valued at approximately $482.5 million, a 1.9% decrease. Dimensional Fund Advisors LP added 34,372 shares, now holding about 4.35 million shares worth $163.2 million, marking a 0.8% increase. Vanguard Capital Management LLC opened a new position with about 3.43 million shares valued at $128.7 million. Similarly, Vanguard Portfolio Management LLC also initiated a new stake, acquiring approximately 3 million shares valued at $112.8 million.

NMI Holdings, Inc. Stock Down 3.9%

Shares of NMI Holdings traded near $39.45 on Friday. The company, with a market cap of around $3 billion, has a P/E ratio of 8.04 and a forward P/E of 7.33. The stock's 52-week range is between $34.84 and $43.20, with a 50-day moving average of $38.04 and a 200-day moving average of $38.28. NMI Holdings has a current ratio of 1.81 and a quick ratio of 0.51, alongside a debt-to-equity ratio of 16.17.

12-month forecast

$NMIH price target

NMI Holdings, Inc. daily closes and this analyst's $47 target. Not advice.

Insider Buying and Selling at NMI Holdings, Inc.

Recent insider activity includes several purchases on May 14, 2026, by executives such as Steven Scheid, Renu Agrawal, Michael Embler, Lynn McCreary, and John Erickson, each acquiring 4,512 shares. Additionally, Michael Curry Montgomery sold 1,554 shares on May 19, 2026, at an average price of $37.90.

About NMI Holdings

NMI Holdings, Inc., based in Emeryville, California, provides private mortgage guaranty insurance services across the United States. It offers primary mortgage insurance and outsourced loan review services, catering to a wide range of financial institutions, including mortgage banks, credit unions, and non-bank lenders. Founded in 2011, the company is led by CEO Adam S. Pollitzer and employs approximately 225 people.

Bottom Line

NMI Holdings, Inc. continues to attract analyst attention with Keefe, Bruyette & Woods reiterating its buy rating. The company's stock performance, coupled with institutional and insider activities, makes it a key player to watch in the financial services sector. As with all 13F filings and analyst updates, these insights reflect past actions and may not indicate current positions or future performance.