TheStreet Upgrades NI (NODK) to “B-“

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TheStreet upgraded shares of NI (NASDAQ:NODK) from a c rating to a b- rating in a research note released on Monday, TheStreetRatingsTable reports.

Separately, BidaskClub cut NI from a sell rating to a strong sell rating in a research note on Monday, February 4th.

Shares of NODK stock opened at $16.91 on Monday. The company has a market capitalization of $386.89 million, a P/E ratio of 11.31 and a beta of 0.14. NI has a 1 year low of $14.37 and a 1 year high of $18.28.

NI (NASDAQ:NODK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $60.57 million during the quarter. NI had a return on equity of 12.44% and a net margin of 16.51%.

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in NI by 520.2% during the first quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock worth $33,000 after purchasing an additional 1,727 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in NI during the fourth quarter worth $45,000. Bank of America Corp DE lifted its stake in NI by 41.3% during the fourth quarter. Bank of America Corp DE now owns 6,373 shares of the company’s stock worth $100,000 after purchasing an additional 1,862 shares during the last quarter. Martingale Asset Management L P lifted its stake in NI by 14.7% during the fourth quarter. Martingale Asset Management L P now owns 11,702 shares of the company’s stock worth $185,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in NI during the fourth quarter worth $217,000. Institutional investors and hedge funds own 20.64% of the company’s stock.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, Arizona, and Illinois. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies, as well as non-standard automobile insurance products.

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