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NMI Holdings (NMIH) Looks Good: Stock Adds 5.7% in Session

Zacks

NMI Holdings Inc. NMIH was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 17% in the past one-month time frame.

The upmove came after the company announced that it will be a part of the S&P Smallcap 600, effective Oct 16.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NMI Holdings currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.


Investors interested in the Insurance – Property and Casualty industry may consider Cincinnati Financial Corporation CINF, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is NMIH going up? Or down? Predict to see what others think:Up or Down

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