Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the Nasdaq stock exchange under the symbol “NMIH.” On February 6, 2026, there were 76,032,627 shares of our common stock outstanding and approximately seven holders of record. The closing price of our common stock on Nasdaq on February 6, 2026 was $41.05.
No dividends on our common stock have previously been declared or paid, and we may not declare or pay dividends in the future. For information on our ability to pay dividends, see Item 7, “ Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” and Item 8, “ Financial Statements and Supplementary Data - Notes to Consolidated Financial Statements - Note 17, Regulatory Information - Dividend Restrictions.”
Issuer Purchases of Equity Securities
The following table provides information about purchases of NMI Holdings, Inc. common stock by us during the three months ended December 31, 2025.
($ In Thousands, except for per share data)
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs (1)
Approximate Dollar Value of Shares That May Yet Be Repurchased Under the Plans or Program (1)
Period:
10/1/2025 to 10/31/2025 263,420 $ 36.35 263,420 $ 246,871
11/1/2025 to 11/30/2025 242,659 37.29 242,659 237,821
12/1/2025 to 12/31/2025 304,550 39.24 304,550 225,872
Total 810,629 810,629
(1) On July 31, 2023, our Board of Directors authorized a $200 million share repurchase program (the 2023 Repurchase Program), effective through December 31, 2025. On February 5, 2025, our Board of Directors authorized an additional $250 million repurchase program (the 2025 Repurchase Program), effective through December 31, 2027, and extended the effectiveness of the 2023 Repurchase Program through December 31, 2027 to align its remaining tenor with that of the 2025 Repurchase Program. See Item 8, “ Financial Statements and Supplementary Data - Notes to Consolidated Financial Statements - Note 16, Common Stock,” for additional information.
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Common Stock Performance Graph
The following graph compares the cumulative total stockholder return on our common stock from December 31, 2020 until December 31, 2025, with the cumulative total stockholder return on the Russell 2000 Index, S&P Small Cap 600 Index and an index of selected mortgage insurance companies (Peer Index). The Peer Index includes Essent, MGIC and Radian. The total stockholder's returns are not necessarily indicative of future returns. Information contained or referenced in the stock performance graph below is being furnished with this report and will not be deemed “filed” for purposes of Section 18 of the Exchange Act or deemed to be incorporated by reference into any filing under the Exchange Act or the Securities Act.
12/31/2020
12/31/2021
12/31/2022
12/31/2023
12/31/2024
12/31/2025
NMI Holdings, Inc. $ 100 $ 96 $ 92 $ 131 $ 162 $ 180
Russell 2000 Index 100 115 91 107 119 134
S&P Small Cap 600 100 127 106 123 134 142
Peer Index (ESNT, MTG, RDN) 100 106 93 130 140 166
Item 6. [Reserved]
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