Published on 20 Jun 2024 on Zacks · via Yahoo Finance

Should You Add NMI Holdings (NMIH) Stock for Better Returns?

NMI Holdings NMIH is set to grow on an improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, a solid capital position and effective capital deployment.This Zacks Rank #2 (Buy) mortgage insurer has a decent history of delivering surprises in the last five quarters.Also, it has a VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum. Back-tested results have shown that stocks with a VGM Score of A or B combined with a Zacks Rank #1 (Strong Buy) or #2 offer better returns.

An Outperformer

NMIH’s shares have rallied 14.7% year to date, outperforming the industry’s increase of 13.8% and the Finance sector’s increase of 5.3%. The increase in the stock price was in line with the S&P 500 composite’s rise in the said time frame.