NMI Holdings may be undervalued by about 8% following its record second-quarter 2026 results, according to a Simply Wall St analysis. The most widely followed narrative points to a fair value of $48 per share, compared with the last close at $44.30. The company reported higher revenue, net income, and earnings per share, along with growth in insurance volume and ongoing share repurchases. The valuation view rests on steady revenue growth, resilient margins, and ongoing capital returns to shareholders, though risks include mortgage cycle exposure and potential regulatory changes.
NMI Holdings IncRecord Q2 results with higher revenue, net income, EPS, and ongoing buybacks support an 8% undervaluation.