NI Holdings
NODK

$15.20

1.04%

Market Cap: $314M

About: NI Holdings Inc is a stockholding company. The company's operating segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and others. The company operates only in USA.

Employees: 234

Financials Fire, Marine & Casualty Insurance

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

600% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 1

12% more funds holding

Funds holding: 49 [Q1] → 55 (+6) [Q2]

1% more capital invested

Capital invested by funds: $68.9M [Q1] → $69.5M (+$612K) [Q2]

0% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 18

0.09% less ownership

Funds ownership: 22.1% [Q1] → 22.01% (-0.09%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for NODK.

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Financial journalist opinion

NI Holdings, Inc. Announces Leadership Change

FARGO, N.D., Aug. 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) today announced that Michael J. Alexander has stepped down from his role as President and Chief Executive Officer of NI Holdings, along with his role as a board member of the company, effective August 13, 2024. To ensure seamless stewardship of the company until a permanent successor is named, the Board has appointed Cindy L. Launer as Interim Chief Executive Officer, effective August 13, 2024.

NI Holdings, Inc. Announces Leadership Change

NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024

FARGO, N.D., Aug. 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2024.

NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2024

NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company

FARGO, N.D., July 05, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) has completed the previously announced sale of its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale was $10.5 million in cash, subject to certain post-closing adjustments pursuant to the Purchase Agreement dated May 7, 2024.

NI Holdings, Inc. Completes the Sale of Westminster American Insurance Company

AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Westminster American Insurance Company (WAIC) (headquartered in Owings Mills, MD). These Credit Ratings (ratings) have been placed under review with negative implications following the recent announcement made by NI Holdings, Inc. [NASDAQ: NODK], its ultimate parent, that a definitive agreement has.

AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024

FARGO, N.D., May 09, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2024.

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024

NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company

FARGO, N.D., May 08, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) (“NI Holdings”) announced today an agreement to sell its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private party. The total consideration for the sale is $10.5 million in cash, with proceeds planned to be used for general corporate purposes. The transaction was unanimously approved by the Board of Directors and is expected to close in 2024, subject to regulatory approval and other closing conditions.

NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company

NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2023

FARGO, N.D., March 15, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the year ended December 31, 2023.

NI Holdings, Inc. Reports Results for Fourth Quarter and Year Ended December 31, 2023

NI Holdings: Interesting Developments - Windfall Gains Opportunity

NI Holdings had its IPO in March 2017 as the first step in a potential two-step demutualization process for Nodak Mutual Group Inc. Anti-dilution provisions in the prospectus for the IPO will likely result in windfall gains for existing NI Holdings shareholders, whenever a secondary offering takes place. Recent changes to the company's Articles of Incorporation could make full demutualization more readily achievable.

NI Holdings: Interesting Developments - Windfall Gains Opportunity

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