Recent Research Analysts’ Ratings Changes for NMI (NMIH)

Several brokerages have updated their recommendations and price targets on shares of NMI (NASDAQ: NMIH) in the last few weeks:

• 8/4/2026 – NMI had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $53.00 price target on the stock.
• 8/3/2026 – NMI had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods. They now have a $47.00 price target on the stock.
• 8/2/2026 – NMI was downgraded by Keefe, Bruyette & Woods from “moderate buy” to “hold”.
• 7/31/2026 – NMI had its price target raised by JPMorgan Chase & Co. from $48.00 to $50.00. They now have an “overweight” rating on the stock.
• 7/31/2026 – NMI had its price target raised by Truist Financial Corporation from $49.00 to $51.00. They now have a “buy” rating on the stock.
• 7/13/2026 – NMI had its price target raised by JPMorgan Chase & Co. from $43.00 to $48.00. They now have an “overweight” rating on the stock.
• 6/25/2026 – NMI had its price target raised by Keefe, Bruyette & Woods from $46.00 to $47.00. They now have an “outperform” rating on the stock.

Insider Buying and Selling

In other NMI news, EVP Robert Owen Smith sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $44.65, for a total value of $535,800.00. Following the completion of the sale, the executive vice president directly owned 96,381 shares in the company, valued at $4,303,411.65. This trade represents a 11.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Curry Montgomery sold 1,554 shares of NMI stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $37.90, for a total value of $58,896.60. Following the sale, the director directly owned 69,026 shares in the company, valued at approximately $2,616,085.40. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,216 shares of company stock valued at $1,113,772 over the last three months. Corporate insiders own 2.44% of the company’s stock.

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.