NMI Holdings jumps as Credit Suisse expects fastest EPS growth among peers

Essent

11/10/2021 14:59

** Mortgage insurer NMI Holdings'  NMIH.O  shares up 3.2% at
$24.07 in early trading - the highest since June this year - as
Credit Suisse raises the stock to "outperform" from "neutral"
    ** Brokerage sees the sector as modestly undervalued; says
NMIH is trading at the lowest multiple among peers and is
expected to see the fastest EPS growth rate 
    ** Starts coverage on Enact Holdings  ACT.O  with "neutral"
rating and raises PTs for NMIH, Essent Group LTD  ESNT.N , MGIC
Investment  MTG.N  and Radian Group  RDN.N  expecting a
favorable environment to support low-double-digit to mid-teens
returns on equity
    ** Sees NMIH, ESNT, ACT as the most undervalued stocks of
the lot
    ** Expects the sector to return 17% of 2022 earnings to
shareholders in the form of dividends or buybacks, with ACT
expected to return the most
    ** NMIH has inched up 2.96% this year 

 (Reporting by Anisha Sircar)
 ((anisha.sircar@thomsonreuters.com))