Compass Point raised the firm’s price target on NMI Holdings (NMIH) to $37 from $34 and keeps a Buy rating on the shares. The firm updating models, estimates and price targets for the mortgage insurance sector post Q1 earnings. With higher mortgage rates, recently rising to 7.00%, industry growth “will remain muted” through fiscal 2026 and potentially into 2026, the analyst tells investors in a research note. The firm believes this should sustain the trend of low single-digit insurance-in-force growth across the sector, thereby adding pressure and limiting organic earnings growth despite continued capital return strategies and share repurchases. Compass says NMI is the best positioned in the near-term.
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