Siena Capital Partners GP LLC cut its holdings in shares of NI Holdings Inc (NASDAQ:NODK) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,917 shares of the company’s stock after selling 13,054 shares during the period. NI accounts for approximately 0.7% of Siena Capital Partners GP LLC’s holdings, making the stock its 27th biggest holding. Siena Capital Partners GP LLC owned about 0.20% of NI worth $691,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc grew its stake in shares of NI by 0.7% in the third quarter. Vanguard Group Inc now owns 428,104 shares of the company’s stock valued at $7,222,000 after acquiring an additional 2,811 shares in the last quarter. BlackRock Inc. raised its holdings in NI by 0.7% in the third quarter. BlackRock Inc. now owns 506,057 shares of the company’s stock worth $8,537,000 after purchasing an additional 3,487 shares during the period. Renaissance Technologies LLC lifted its holdings in NI by 8.0% in the 3rd quarter. Renaissance Technologies LLC now owns 51,426 shares of the company’s stock worth $868,000 after purchasing an additional 3,826 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of NI in the 3rd quarter valued at about $100,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of NI by 21.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 50,465 shares of the company’s stock valued at $856,000 after buying an additional 9,024 shares in the last quarter. 20.27% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised NI from a “hold” rating to a “buy” rating in a research report on Wednesday, December 12th.
NI (NASDAQ:NODK) last released its quarterly earnings results on Tuesday, November 13th. The company reported $0.24 earnings per share for the quarter. The firm had revenue of $64.10 million for the quarter. NI had a net margin of 14.42% and a return on equity of 9.61%.
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NI Holdings, Inc underwrites property and casualty insurance products in North Dakota, South Dakota, Nebraska, Minnesota, Nevada, and Arizona. Its products include multi-peril crop, crop hail, private passenger automobile, farm owners, homeowners, and commercial property and liability insurance policies.
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