NMI Holdings: Attractive Even With Peaking Earnings (Upgrade)
NMI Holdings has been upgraded to a 'buy' rating due to its attractive valuation. Despite expected moderation in earnings as low-loss policies decrease, the company's strong balance sheet and conservative underwriting practices provide stability. The stock is currently valued at under 8 times earnings and 1.1 times book value.
- ▪NMI Holdings has been upgraded to a 'buy' rating after recent share underperformance.
- ▪The stock is currently valued at under 8 times earnings and 1.1 times book value.
- ▪Earnings are expected to moderate as legacy low-loss policies shrink.
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