NMI Holdings (NMIH) Surges 29% YTD: Will the Rally Last?

Shares of NMI Holdings (NMIH) have rallied 28.9% year to date, outperforming the industry's increase of 24.6%, the Finance sector's increase of 11.6% and the S&P 500 composite's rise of 17.5%. An improving mortgage insurance portfolio, higher new insurance written volume, a comprehensive reinsurance program, its solid capital position and effective capital deployment drive this Zacks Rank #2 (Buy) stock. This mortgage insurer has a decent history of delivering surprises in the last six quarters. NMIH's retu ...