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NI Holdings, Inc. NODK
Financial Services - Insurance - Property & Casualty - NASDAQ - US
Watchlist
$ 15.74
1.16 %
$ 325 M
Market Cap
-36.6
P/E
1. INTRINSIC VALUE

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's 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. is a subsidiary of Nodak Mutual Group, Inc.[ Read More ]

The intrinsic value of one NODK stock under the base case scenario is HIDDEN Compared to the current market price of 15.7 USD, NI Holdings, Inc. is HIDDEN

NODK Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart NODK

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FINANCIALS
366 M REVENUE
12.72%
Growth Rates
1Year 12.72%
3Years 6.08%
5Years 11.48%
7Years 12.11%
10Years 0.00%
0 OPERATING INCOME
0.00%
Growth Rates
1Year 0.00%
3Years 0.00%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-5.48 M NET INCOME
89.82%
Growth Rates
1Year 89.82%
3Years -4.23%
5Years -3.28%
7Years -11.78%
10Years 0.00%
26 M OPERATING CASH FLOW
185.46%
Growth Rates
1Year 185.46%
3Years -20.15%
5Years 4.38%
7Years 19.86%
10Years 0.00%
-8.81 M INVESTING CASH FLOW
-35.18%
Growth Rates
1Year -35.18%
3Years -255.86%
5Years -6.60%
7Years -14.06%
10Years 0.00%
-7.47 M FINANCING CASH FLOW
59.16%
Growth Rates
1Year 59.16%
3Years 15.25%
5Years -20.04%
7Years 0.00%
10Years 0.00%
89 M REVENUE
1.34%
Growth Rates
1Year 12.72%
3Years 6.08%
5Years 11.48%
7Years 12.11%
10Years 0.00%
-2.7 M OPERATING INCOME
63.83%
Growth Rates
1Year 0.00%
3Years 0.00%
5Years 0.00%
7Years 0.00%
10Years 0.00%
-14.8 M NET INCOME
-98.57%
Growth Rates
1Year 89.82%
3Years -4.23%
5Years -3.28%
7Years -11.78%
10Years 0.00%
-31.6 M OPERATING CASH FLOW
-169.53%
Growth Rates
1Year 185.46%
3Years -20.15%
5Years 4.38%
7Years 19.86%
10Years 0.00%
9.1 M INVESTING CASH FLOW
2380.38%
Growth Rates
1Year -35.18%
3Years -255.86%
5Years -6.60%
7Years -14.06%
10Years 0.00%
-3.41 M FINANCING CASH FLOW
-14112.50%
Growth Rates
1Year 59.16%
3Years 15.25%
5Years -20.04%
7Years 0.00%
10Years 0.00%
Balance Sheet Decomposition NI Holdings, Inc.
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Current Assets 164 M
Cash & Short-Term Investments 56.7 M
Receivables 0
Other Current Assets 108 M
Non-Current Assets 451 M
Long-Term Investments 375 M
PP&E 9.9 M
Other Non-Current Assets 65.9 M
Current Liabilities 192 M
Accounts Payable 0
Short-Term Debt 501 K
Other Current Liabilities 191 M
Non-Current Liabilities 173 M
Long-Term Debt 1.56 M
Other Non-Current Liabilities 172 M
EFFICIENCY
Earnings Waterfall NI Holdings, Inc.
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Revenue 366 M
Cost Of Revenue 0
Gross Profit 366 M
Operating Expenses 366 M
Operating Income 0
Other Expenses 5.48 M
Net Income -5.48 M
RATIOS
100.00% GROSS MARGIN
100.00%
Averages
1Year 100.00%
3Years 100.00%
5Years 100.00%
7Years 100.00%
10Years 100.00%
0.00% OPERATING MARGIN
0.00%
Averages
1Year 0.00%
3Years 3.11%
5Years 7.74%
7Years 9.80%
10Years 10.45%
-1.50% NET MARGIN
-1.50%
Averages
1Year -1.50%
3Years -5.16%
5Years 1.49%
7Years 4.36%
10Years 5.53%
-2.21% ROE
-2.21%
Averages
1Year -2.21%
3Years -7.06%
5Years -0.17%
7Years 2.42%
10Years 4.23%
-0.89% ROA
-0.89%
Averages
1Year -0.89%
3Years -2.78%
5Years 0.68%
7Years 2.06%
10Years 2.84%
0.00% ROIC
0.00%
Averages
1Year 0.00%
3Years 2.76%
5Years 5.74%
7Years 6.63%
10Years 7.18%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis NI Holdings, Inc.
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Net Income -5.48 M
Depreciation & Amortization 1.28 M
Capital Expenditures -974 K
Stock-Based Compensation 1.69 M
Change in Working Capital 28.9 M
Others 53.6 M
Free Cash Flow 25 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets NI Holdings, Inc.
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NODK has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits.

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77.1 USD
HMN
Undervalued 86.65%

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals.

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-0.308 USD
DGICA
Overvalued 101.95%

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments.

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48.4 USD
GBLI
Undervalued 38.25%

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments.

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-4.12 USD
SIGIP
Overvalued 121.71%

Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. It operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments.

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-4.12 USD
SIGI
Overvalued 104.16%

Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.

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15.7 USD
KMPR
Overvalued 77.95%

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals.

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-0.308 USD
DGICB
Overvalued 102.18%

Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations.

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66.7 USD
ARGO-PA
Undervalued 166.61%

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations.

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3.54 K USD
WTM
Undervalued 84.50%

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States.

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449 USD
THG
Undervalued 174.47%

United Fire Group, Inc., together with its subsidiaries, provides property and casualty insurance for individuals and businesses in the United States.

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44.4 USD
UFCS
Undervalued 74.77%

ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments.

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32 USD
PRA
Undervalued 89.44%
6. Ownership
Insider Ownership NI Holdings, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
10.5 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
11 months ago
Dec 12, 2023
Bought 10.5 K USD
Duncan Patrick W.
SVP of Operations
+ 808
 12.95 USD
4 years ago
Jun 01, 2020
Bought 2.9 K USD
Alexander Michael J.
President & CEO
+ 200
 14.5 USD
4 years ago
May 28, 2020
Bought 3.6 K USD
Alexander Michael J.
President & CEO
+ 250
 14.38 USD
4 years ago
May 27, 2020
Bought 1.45 K USD
Alexander Michael J.
President & CEO
+ 100
 14.5 USD
4 years ago
May 22, 2020
Bought 3.44 K USD
Alexander Michael J.
President & CEO
+ 250
 13.75 USD
4 years ago
May 21, 2020
Bought 4.19 K USD
Alexander Michael J.
President & CEO
+ 300
 13.98 USD
4 years ago
May 19, 2020
Bought 9.45 K USD
Alexander Michael J.
President & CEO
+ 700
 13.5 USD
6 years ago
Nov 19, 2018
Bought 19.6 K USD
Alexander Michael J.
President & CEO
+ 1255
 15.6409 USD
7 years ago
May 23, 2017
Bought 5 K USD
Duncan Patrick W.
Vice President of Operations
+ 300
 16.65 USD
7 years ago
May 18, 2017
Bought 1.87 K USD
Alexander Michael J.
President & CEO
+ 116
 16.1 USD
7 years ago
May 18, 2017
Bought 8.04 K USD
Alexander Michael J.
President & CEO
+ 500
 16.0725 USD
7. News
NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2024 FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2024. globenewswire.com - 1 week ago
A Deal For NI Holdings Where Everyone Wins American Family Insurance is selling its non-standard auto insurance business to Sentry Insurance, signaling the potential for more mutual insurance deals. NI Holdings, Inc. is undervalued, trading at 75% of FCTBV, and has failed to justify its public existence with poor financial performance. The company should remutualize, potentially selling to a mutual insurance company for around $27.50 per share, benefiting all stakeholders. seekingalpha.com - 2 weeks ago
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. globenewswire.com - 3 months ago
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. globenewswire.com - 3 months ago
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. globenewswire.com - 4 months ago
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. businesswire.com - 6 months ago
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. globenewswire.com - 6 months ago
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. globenewswire.com - 6 months ago
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. globenewswire.com - 8 months ago
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. seekingalpha.com - 9 months ago
NI Holdings, Inc. Reports Results for Third Quarter Ended September 30, 2023 FARGO, N.D., Nov. 07, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2023. globenewswire.com - 1 year ago
NI Holdings, Inc. Reports Results for Second Quarter Ended June 30, 2023 FARGO, N.D., Aug. 08, 2023 (GLOBE NEWSWIRE) -- NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended June 30, 2023. globenewswire.com - 1 year ago
8. Profile Summary

NI Holdings, Inc. NODK

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COUNTRY US
INDUSTRY Insurance - Property & Casualty
MARKET CAP $ 325 M
Dividend Yield 0.00%
Description NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company's 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. is a subsidiary of Nodak Mutual Group, Inc.
Contact 1101 First Avenue North, Fargo, ND, 58102 https://www.niholdingsinc.com
IPO Date March 16, 2017
Employees 219
Officers Mr. Seth Christopher Daggett CPA Executive Vice President, Chief Financial Officer & Treasurer Mr. Timothy John Milius CPA Vice President of Finance, Chief Accounting Officer & Secretary Mr. Patrick W. Duncan Senior Vice President of Operations William D. Thompson Vice President of Sales & Marketing