TCW Group Inc. grew its stake in shares of NI Holdings Inc (NASDAQ:NODK) by 12.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,739 shares of the company’s stock after buying an additional 55,118 shares during the period. TCW Group Inc.’s holdings in NI were worth $7,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in shares of NI by 520.2% in the first quarter. BNP Paribas Arbitrage SA now owns 2,059 shares of the company’s stock valued at $33,000 after purchasing an additional 1,727 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of NI in the fourth quarter valued at $45,000. Bank of America Corp DE boosted 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 buying an additional 1,862 shares during the period. Martingale Asset Management L P boosted 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 buying an additional 1,500 shares during the period. Finally, Rhumbline Advisers purchased a new position in NI during the fourth quarter worth $217,000. 20.66% of the stock is owned by hedge funds and other institutional investors.

NASDAQ NODK traded down $0.14 on Wednesday, hitting $18.00. 100 shares of the stock were exchanged, compared to its average volume of 14,423. The firm has a market capitalization of $402.89 million, a price-to-earnings ratio of 11.43 and a beta of 0.01. NI Holdings Inc has a 52-week low of $14.37 and a 52-week high of $18.35.

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

Several research analysts have commented on NODK shares. BidaskClub raised shares of NI from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 19th. TheStreet raised shares of NI from a “c” rating to a “b-” rating in a research note on Monday, May 20th.

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About NI

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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Institutional Ownership by Quarter for NI (NASDAQ:NODK)

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