Buyback Radar
Company reports

NMI

NMIH

NMI has retired 12.4% of its shares since 2021, from 85,839,783 to 75,217,851.

12.4%retired since 2021
12.3%last 5 years
2.1%last 12 months
75Mshares today
Shares outstanding, 2013 to todaysplit adjusted, from SEC filings
86M shares, 202175M201520202025
2013, 58,065,3262026-07-27, 75,217,851
A share bought in 2020
1.1× more of NMI today, without buying another share. It was one of 85,302,579 shares then. It is one of 75,217,851 now.
Every filing we read13 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20132014-03-0758,065,32610-K
20142015-02-1658,519,55810-K
20152016-02-1658,827,16910-K
20162017-02-1459,145,16110-K
20172018-02-1360,610,73110-K
20182019-02-1166,427,67510-K
20192020-02-1168,438,10910-K
20202021-02-2285,302,57910-K
20212022-02-1185,839,78310-K
20222023-02-1083,656,17310-K
20232024-02-0980,879,84310-K
20242025-02-1078,452,09710-K
20252026-02-0676,032,62710-K

Source: all 10-K filings of NMI on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2022 to 2025cash flow statement against share count
$351Mspent on buybacks
9.8Mfewer shares outstanding
$29average price paid per share bought back
3.4%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $40.71.

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NMI buybacks, answered

Is NMI buying back its stock?

Yes. NMI has 2.1% fewer shares outstanding than twelve months ago, 75,217,851 as of July 27, 2026. Over five years the share count is down 12.3%.

How many shares has NMI bought back?

Net of every new share it issued, NMI has 10.6 million fewer shares than at its 2021 peak. That is 12.4% of the company. Since fiscal 2022 alone it bought back about 12.0 million shares, while the count fell by 8.4 million. The difference went to employees and other new shares.

How many shares does NMI have outstanding?

75,217,851 shares, as of July 27, 2026, from the cover page of its latest 10-Q. At the 2021 peak it had 85,839,783.

What do NMI's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held NMI stock in 2021 owns 1.1 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does NMI compare with other cannibal stocks?

NMI ranks No. 442 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: G Iii Apparel Group (12.8%), Axalta Coating Systems (12.7%), Newell Brands (12.2%), Otis Worldwide (12.2%).

Every answer is computed from NMI's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Chuck RoyceRoyce & Associates133,590 shares, $5.5M, Q2 2026
First EagleFirst Eagle Investment Management577,738 shares, $23.7M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like NMI in depth on Cannibal Stocks.

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