TCW Group Inc. Trims Position in NI Holdings, Inc. (NASDAQ:NODK)

Key Points

• TCW Group Inc. has reduced its stake in NI Holdings, Inc. by 19.0%, selling 77,844 shares, leaving it with a total of 331,857 shares valued at approximately $4.73 million.
• Various institutional investors have increased their holdings in NI, with notable increases of 61.4% by Citadel Advisors LLC and 27.8% by Wells Fargo & Company.
• NI Holdings reported a quarterly earnings per share of $0.31 and a revenue of $71.43 million, despite having a negative net margin of 0.82%.

TCW Group Inc. lowered its stake in shares of NI Holdings, Inc. (NASDAQ:NODK - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 331,857 shares of the company's stock after selling 77,844 shares during the period. TCW Group Inc. owned 1.60% of NI worth $4,732,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NODK. M3F Inc. grew its holdings in NI by 21.8% during the fourth quarter. M3F Inc. now owns 1,336,330 shares of the company's stock valued at $20,980,000 after purchasing an additional 239,316 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of NI by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 270,564 shares of the company's stock valued at $4,248,000 after buying an additional 11,240 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of NI by 5.9% during the 4th quarter. Renaissance Technologies LLC now owns 87,891 shares of the company's stock worth $1,380,000 after acquiring an additional 4,900 shares during the period. Northern Trust Corp increased its holdings in NI by 15.2% in the 4th quarter. Northern Trust Corp now owns 74,332 shares of the company's stock worth $1,167,000 after acquiring an additional 9,832 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in NI in the 4th quarter worth about $1,116,000. Institutional investors own 21.89% of the company's stock.

NI Stock Performance

NASDAQ NODK traded down $0.17 during trading on Thursday, hitting $12.72. 4,049 shares of the company's stock traded hands, compared to its average volume of 15,702. The stock has a market capitalization of $263.19 million, a price-to-earnings ratio of -105.95 and a beta of 0.36. NI Holdings, Inc. has a 12-month low of $12.01 and a 12-month high of $17.24. The business has a 50 day moving average of $12.93 and a 200-day moving average of $13.56.

NI (NASDAQ:NODK - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.31 EPS for the quarter. The company had revenue of $71.43 million for the quarter. NI had a negative net margin of 0.82% and a positive return on equity of 2.51%.

NI 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.