BidaskClub upgraded shares of NI (NASDAQ:NODK) from a sell rating to a hold rating in a report issued on Tuesday.
Shares of NI opened at $16.95 on Tuesday, according to MarketBeat Ratings. The stock has a market capitalization of $375.75 million, a P/E ratio of 21.55 and a beta of 0.08. NI has a one year low of $15.72 and a one year high of $18.61.
NI (NASDAQ:NODK) last issued its quarterly earnings results on Friday, May 4th. The company reported $0.27 EPS for the quarter. The firm had revenue of $38.33 million during the quarter. NI had a return on equity of 6.80% and a net margin of 8.79%.
Institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. purchased a new position in NI in the fourth quarter valued at about $115,000. Wells Fargo & Company MN boosted its holdings in NI by 1,343.8% in the fourth quarter. Wells Fargo & Company MN now owns 15,405 shares of the company’s stock valued at $262,000 after purchasing an additional 14,338 shares during the last quarter. Deutsche Bank AG boosted its holdings in NI by 124.8% in the fourth quarter. Deutsche Bank AG now owns 23,401 shares of the company’s stock valued at $395,000 after purchasing an additional 12,992 shares during the last quarter. TCW Group Inc. boosted its holdings in NI by 154.8% in the first quarter. TCW Group Inc. now owns 79,163 shares of the company’s stock valued at $1,322,000 after purchasing an additional 48,092 shares during the last quarter. Finally, M3F Inc. boosted its holdings in NI by 7.5% in the first quarter. M3F Inc. now owns 186,170 shares of the company’s stock valued at $3,109,000 after purchasing an additional 12,937 shares during the last quarter. 18.82% of the stock is owned by hedge funds and other institutional investors.
NI Company Profile
NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, and Arizona. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies.
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