NI (NASDAQ:NODK) Posts Earnings Results

NI (NASDAQ:NODK) released its earnings results on Friday. The company reported ($0.15) EPS for the quarter, FiscalAI reports. The business had revenue of $60.99 million during the quarter. NI had a return on equity of 1.05% and a net margin of 0.87%.

NI Trading Down 0.5%

NODK stock opened at $13.25 on Friday. The firm has a 50-day moving average of $13.37 and a two-hundred day moving average of $13.43. The firm has a market capitalization of $273.08 million, a PE ratio of -27.04 and a beta of 0.39. NI has a one year low of $12.01 and a one year high of $14.90.

Analysts Set New Price Targets

Separately, Weiss Ratings cut NI from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On NI

Several hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in NI by 150.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares during the period. Russell Investments Group Ltd. raised its stake in NI by 158.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock valued at $55,000 after purchasing an additional 2,505 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of NI by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,677 shares of the company’s stock valued at $102,000 after purchasing an additional 2,426 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of NI in the first quarter worth $143,000. Finally, AE Wealth Management LLC acquired a new stake in shares of NI in the third quarter worth $151,000. Hedge funds and other institutional investors own 21.89% of the company’s stock.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc