NODK

Company Overview — What Does NI Holdings, Inc. Do?

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. NI Holdings, Inc. (NODK) is classified as a micro-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO Michael J. Alexander and employs approximately 210 people, headquartered in FARGO, North Dakota. With a market capitalization of $260M, NODK is one of the notable companies in the Financials sector.

NI Holdings, Inc. (NODK) Stock Rating — Hold (April 2026)

As of April 2026, NI Holdings, Inc. receives a Hold rating with a composite score of 40.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.NODK ranks #1,872 out of 4,446 stocks in our coverage universe. Within the Financials sector, NI Holdings, Inc. ranks #542 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

NODK Stock Price and 52-Week Range

NI Holdings, Inc. (NODK) currently trades at $12.89. The stock lost $0.25 (1.9%) in the most recent trading session. The 52-week high for NODK is $14.70, which means the stock is currently trading -12.3% from its annual peak. The 52-week low is $12.01, putting the stock 7.3% above its annual trough. Recent trading volume was 7K shares, suggesting relatively thin trading activity.

Is NODK Overvalued or Undervalued? — Valuation Analysis

NI Holdings, Inc. (NODK) carries a value factor score of 28/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.09x, versus the sector average of 1.22x. The price-to-sales ratio is 0.83x, compared to 0.90x for the average Financials stock. On an enterprise value basis, NODK trades at 5.86x EV/EBITDA, versus 3.26x for the sector.

At current multiples, NI Holdings, Inc. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

NI Holdings, Inc. Profitability — ROE, Margins, and Quality Score

NI Holdings, Inc. (NODK) earns a quality factor score of 42/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -4.2%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -2.0% versus the sector average of 1.2%.

On a margin basis, NI Holdings, Inc. reports gross margins of 22.5%. The operating margin is -3.9% (sector: 21.8%). Net profit margin stands at -3.0%, versus 17.7% for the average Financials stock. Revenue growth is running at -12.8% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

NODK Debt, Balance Sheet, and Financial Health

NI Holdings, Inc. has a debt-to-equity ratio of 1.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.90x, suggesting adequate working capital coverage. Total debt on the balance sheet is $2M. Cash and equivalents stand at $25M.

NODK has a beta of 0.38, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for NI Holdings, Inc. is 88/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

NI Holdings, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, NI Holdings, Inc. reported revenue of $313M and earnings per share (EPS) of $-0.50. Net income for the quarter was $-10M. Gross margin was 22.5%. Operating income came in at $-13M.

In FY 2025, NI Holdings, Inc. reported revenue of $285M and earnings per share (EPS) of $-0.50. Net income for the quarter was $-10M. Gross margin was 24.5%. Revenue grew -12.3% year-over-year compared to FY 2024. Operating income came in at $-12M.

In Q3 2025, NI Holdings, Inc. reported revenue of $77M and earnings per share (EPS) of $-0.08. Net income for the quarter was $-2M. Gross margin was 20.5%. Revenue grew -14.0% year-over-year compared to Q3 2024. Operating income came in at $-2M.

In Q2 2025, NI Holdings, Inc. reported revenue of $76M and earnings per share (EPS) of $-0.57. Net income for the quarter was $-12M. Gross margin was 8.4%. Revenue grew -13.4% year-over-year compared to Q2 2024. Operating income came in at $-15M.

Over the past 8 quarters, NI Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $88M to $313M. Investors analyzing NODK stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

NODK Dividend Yield and Income Analysis

NI Holdings, Inc. (NODK) does not currently pay a dividend. This is common among smaller companies in the Insurance industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

NODK Momentum and Technical Analysis Profile

NI Holdings, Inc. (NODK) has a momentum factor score of 37/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 37/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 21/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

NODK vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, NI Holdings, Inc. (NODK) ranks #542 out of 891 stocks based on the Blank Capital composite score. This places NODK in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing NODK against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NODK vs S&P 500 (SPY) comparison to assess how NI Holdings, Inc. stacks up against the broader market across all factor dimensions.

NODK Next Earnings Date

No upcoming earnings date has been announced for NI Holdings, Inc. (NODK) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy NODK? — Investment Thesis Summary

NI Holdings, Inc. presents a balanced picture with arguments on both sides. The value score of 28/100 indicates premium valuation. Momentum is weak at 37/100, a headwind for near-term performance. Low volatility (stability score 88/100) reduces downside risk.

In summary, NI Holdings, Inc. (NODK) earns a Hold rating with a composite score of 40.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NODK stock.

Related Resources for NODK Investors

Explore more research and tools: NODK vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NODK head-to-head with peers: NODK vs WTM, NODK vs OPY, NODK vs ACT.