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NI Holdings, Inc. (NODK)

USD15.94 +0.17 (+1.08%)
US NASDAQ Financial Services Insurance - Property & Casualty
Address 1101 First Avenue North 58102
Fargo, ND, US
CEO Cindy L. Launer
IPO 2017-03-16
CIK 1681206 ISIN US65342T1060

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Description

NI Holdings, Inc. provides a comprehensive range of property and casualty insurance policies across the United States. Their product portfolio includes coverage for personal and specialized automobile risks, residential properties, agricultural holdings, various types of crop damage (including hail and multi-peril), and general liability. Established in 1946, the company's primary operations are situated in Fargo, North Dakota, as a subsidiary of Nodak Mutual Group, Inc.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD15.94 +0.17 (+1.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
21.7K
Beta
0.38
Float Shares
6.66M
Free Float %
32.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.32% +4.99% +6.13% +3.17% +2.78% +2.86% +6.38% +4.43% -26.49% -7.25% -7.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
15.94
DCF (Unlevered) 2.71 -83.0%
DCF (Levered) 13.22 -17.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
1.97
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Insurance - Property & Casualty: +14.1%
    -12.4% Q1'26: -16.6% (vs Q1'25)
  • EPS growth Insurance - Property & Casualty: +27.5%
    -308.3% Q1'26: +93.5% (vs Q1'25)
  • FCF margin FCF growth · Insurance - Property & Casualty: +25.6%
    -7.4% Q1'26: -3.2% (vs Q1'25)
  • EBIT margin Insurance - Property & Casualty: +16.3%
    -4.3% Q1'26: +26.4% (vs Q1'25)
  • ROIC Insurance - Property & Casualty: +7.9%
    -21.4% Q1'26: +26.0% (vs Q1'25)
  • Share dilution Insurance - Property & Casualty: +0.4%
    -0.5% Q1'26: -0.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Insurance - Property & Casualty: -0.10×
    0.00× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.35) × ERP
WACC = 100% × Ke + 0% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.71 Current price: 15.94
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 3/5 1/5 3/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-35.83M
OE per share TTM
-1.70
Owner's Yield
-13.40%
Maintenance CapEx ratio
2.82%
Maint CapEx / Avg PPE
2.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
19
Total invested
27.05M
Insider transactions (90d)
0
Beneficial owners (>5%)
6
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Jeffrey Thorp 1.11M 5.00% 1.11M 1.11M 10.00 IN USA 2020-03-05
2 Jason A. Stock 1.10M 5.31% 1.10M IN UNITED STATES OF AMERICA 2024-09-30
3 M3 FUNDS, LLC 1.10M 5.31% 1.10M OO STATE OF DELAWARE, UNITED STATES OF AMERICA 2024-09-30
4 M3 PARTNERS, LP 1.10M 5.31% 1.10M PN STATE OF DELAWARE, UNITED STATES OF AMERICA 2024-09-30
5 M3F, INC. 1.10M 5.31% 1.10M IA, CO STATE OF UTAH, UNITED STATES OF AMERICA 2024-09-30
6 William C. Waller 1.10M 5.31% 1.10M IN UNITED STATES OF AMERICA 2024-09-30

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
19
-51 vs prev Q
New positions
2
Closed positions
53
Increased
6
Reduced
5
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 M3F, INC. 1.53M +66.3K (+4.5%) 20.36M +500.0K (+2.5%) 7.29% +0.328 pp 5.59% -0.036 pp USD15.44 -13.9% 36 qtrs
2 NEWTYN MANAGEMENT, LLC 670.0K +— (+0.0%) 8.91M -174.2K (-1.9%) 3.19% +0.006 pp 0.94% -0.176 pp USD14.86 -10.5% 36 qtrs
3 BLACKROCK, INC. 563.5K +13.0K (+2.4%) 7.49M +30.1K (+0.4%) 2.68% +0.067 pp 0.00% +0.000 pp USD15.63 -14.9% 6 qtrs
4 VANGUARD GROUP INC 365.8K +18.2K (+5.2%) 4.87M +152.3K (+3.2%) 1.74% +0.090 pp 0.00% +0.000 pp USD15.45 -13.9% 35 qtrs
5 DIMENSIONAL FUND ADVISORS LP 325.3K +16.2K (+5.2%) 4.33M +134.9K (+3.2%) 1.55% +0.080 pp 0.00% +0.000 pp USD15.21 -12.6% 31 qtrs
6 TCW GROUP INC 283.2K -65.3K (-18.7%) 3.77M -959.5K (-20.3%) 1.35% -0.308 pp 0.03% -0.013 pp USD15.96 -16.7% 36 qtrs
7 GEODE CAPITAL MANAGEMENT, LLC 173.8K +2.3K (+1.3%) 2.31M -14.1K (-0.6%) 0.83% +0.012 pp 0.00% +0.000 pp USD16.77 -20.7% 35 qtrs
8 PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC 157.7K +5.0K (+3.3%) 2.10M +26.8K (+1.3%) 0.75% +0.025 pp 0.23% -0.007 pp USD15.07 -11.7% 5 qtrs
9 STATE STREET CORP 137.8K -2.4K (-1.7%) 1.83M -67.9K (-3.6%) 0.66% -0.010 pp 0.00% +0.000 pp USD17.04 -21.9% 35 qtrs
10 MINERVA ADVISORS LLC 129.9K +— (+0.0%) 1.73M -33.8K (-1.9%) 0.62% +0.001 pp 1.15% +0.035 pp USD15.79 -15.8% 36 qtrs
11 ORCHARD CAPITAL MANAGEMENT, LLC 119.6K +812.0 (+0.7%) 1.59M -20.1K (-1.2%) 0.57% +0.005 pp 1.38% -0.011 pp USD16.83 -21.0% 21 qtrs
12 RENAISSANCE TECHNOLOGIES LLC 88.1K -5.9K (-6.3%) 1.17M -102.9K (-8.1%) 0.42% -0.027 pp 0.00% +0.000 pp USD15.73 -15.4% 31 qtrs
13 BRIDGEWAY CAPITAL MANAGEMENT, LLC 79.2K +2.6K (+3.3%) 1.05M +14.2K (+1.4%) 0.38% +0.013 pp 0.02% 0.000 pp USD15.46 -14.0% 5 qtrs
14 NORTHERN TRUST CORP 56.8K -5.2K (-8.5%) 754.9K -85.9K (-10.2%) 0.27% -0.025 pp 0.00% +0.000 pp USD16.91 -21.3% 35 qtrs
15 ARBITER PARTNERS CAPITAL MANAGEMENT LLC 51.4K +— (+0.0%) 683.5K -13.4K (-1.9%) 0.24% +0.000 pp 0.33% -0.083 pp USD16.69 -20.3% 18 qtrs
16 CALDWELL SUTTER CAPITAL, INC. 44.5K +— (+0.0%) 591.4K -11.6K (-1.9%) 0.21% +0.000 pp 0.25% -0.007 pp USD13.02 +2.2% 3 qtrs
17 GOLDMAN SACHS GROUP INC 33.0K +17.5K (+112.7%) 438.7K +228.4K (+108.6%) 0.16% +0.083 pp 0.00% +0.000 pp USD14.07 -5.5% 23 qtrs
18 MORGAN STANLEY 32.3K +1.2K (+3.8%) 430.1K +7.5K (+1.8%) 0.15% +0.006 pp 0.00% +0.000 pp USD13.79 -3.6% 36 qtrs
19 BOOTHBAY FUND MANAGEMENT, LLC 31.0K +— (+0.0%) 412.3K -8.1K (-1.9%) 0.15% +0.000 pp 0.01% +0.000 pp USD15.70 -15.3% 5 qtrs
20 CITADEL ADVISORS LLC 29.7K +1.8K (+6.3%) 394.9K +16.3K (+4.3%) 0.14% +0.009 pp 0.00% +0.000 pp USD14.15 -6.0% 13 qtrs
21 EMPOWERED FUNDS, LLC 29.2K +2.6K (+9.6%) 388.8K +27.2K (+7.5%) 0.14% +0.013 pp 0.00% -0.001 pp USD15.04 -11.6% 5 qtrs
22 ASSET ALLOCATION & MANAGEMENT COMPANY, LLC 21.6K +— (+0.0%) 287.0K -6.0K (-2.0%) 0.10% +0.000 pp 0.11% -0.009 pp USD12.99 +2.4% 11 qtrs
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 20.4K +107.0 (+0.5%) 270.8K -3.8K (-1.4%) 0.10% +0.001 pp 0.00% +0.000 pp USD17.23 -22.8% 35 qtrs
24 NUVEEN, LLC 18.5K +— (+0.0%) 245.8K -4.8K (-1.9%) 0.09% +0.000 pp 0.00% +0.000 pp USD14.26 -6.7% 4 qtrs
25 BANK OF NEW YORK MELLON CORP 17.9K -87.0 (-0.5%) 237.6K -5.8K (-2.4%) 0.09% 0.000 pp 0.00% +0.000 pp USD16.62 -20.0% 35 qtrs
26 AQR CAPITAL MANAGEMENT LLC 16.7K +1.1K (+7.2%) 222.2K +11.0K (+5.2%) 0.08% +0.006 pp 0.00% +0.000 pp USD13.91 -4.4% 4 qtrs
27 CREATIVE PLANNING 14.2K +306.0 (+2.2%) 189.4K +448.0 (+0.2%) 0.07% +0.002 pp 0.00% +0.000 pp USD17.14 -22.4% 29 qtrs
28 BARCLAYS PLC 12.7K -11.9K (-48.4%) 169.6K -217.5K (-56.2%) 0.06% -0.057 pp 0.00% 0.000 pp USD14.01 -5.1% 35 qtrs
29 AE WEALTH MANAGEMENT LLC 11.9K +746.0 (+6.7%) 158.4K +7.0K (+4.6%) 0.06% +0.004 pp 0.00% 0.000 pp USD13.54 -1.8% 2 qtrs
30 JANE STREET GROUP, LLC 11.2K +56.0 (+0.5%) 148.4K -2.1K (-1.4%) 0.05% +0.000 pp 0.00% +0.000 pp USD13.56 -1.9% 2 qtrs
31 RHUMBLINE ADVISERS 9.2K -1.1K (-11.1%) 122.0K -17.9K (-12.8%) 0.04% -0.005 pp 0.00% +0.000 pp USD15.70 -15.3% 29 qtrs
32 JPMORGAN CHASE & CO 7.9K -1.8K (-18.7%) 104.9K -26.7K (-20.3%) 0.04% -0.009 pp 0.00% +0.000 pp USD15.45 -13.9% 35 qtrs
33 WELLS FARGO & COMPANY/MN 7.7K +2.4K (+46.2%) 102.1K +30.9K (+43.4%) 0.04% +0.012 pp 0.00% +0.000 pp USD14.05 -5.3% 34 qtrs
34 RUSSELL INVESTMENTS GROUP, LTD. 7.3K +3.2K (+79.1%) 97.3K +41.9K (+75.7%) 0.03% +0.015 pp 0.00% +0.000 pp USD13.63 -2.4% 12 qtrs
35 BANK OF AMERICA CORP /DE/ 6.0K +2.4K (+68.1%) 79.9K +31.5K (+64.9%) 0.03% +0.012 pp 0.00% +0.000 pp USD14.02 -5.1% 35 qtrs
36 US BANCORP \DE\ 6.0K +— (+0.0%) 79.8K -1.6K (-1.9%) 0.03% +0.000 pp 0.00% +0.000 pp USD13.88 -4.2% 17 qtrs
37 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 3.3K +88.0 (+2.7%) 44.1K +331.0 (+0.8%) 0.02% +0.000 pp 0.00% +0.000 pp USD14.96 -11.1% 7 qtrs
38 BNP PARIBAS ARBITRAGE, SNC 2.3K +199.0 (+9.4%) 30.9K +2.1K (+7.3%) 0.01% +0.001 pp 0.00% +0.000 pp USD14.09 -5.6% 35 qtrs
39 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 1.9K +— (+0.0%) 25.4K -497.0 (-1.9%) 0.01% +0.000 pp 0.00% +0.000 pp USD12.74 +4.4% 3 qtrs
40 ADVISOR GROUP HOLDINGS, INC. 1.7K -55.0 (-3.1%) 23.0K -1.2K (-5.0%) 0.01% 0.000 pp 0.00% +0.000 pp USD14.71 -9.6% 13 qtrs
41 UBS GROUP AG 1.5K -930.0 (-38.7%) 19.6K -13.0K (-39.9%) 0.01% -0.004 pp 0.00% +0.000 pp USD14.96 -11.1% 13 qtrs
42 CIBC PRIVATE WEALTH GROUP, LLC 1.1K +— (+0.0%) 15.2K -296.0 (-1.9%) 0.01% +0.000 pp 0.00% +0.000 pp USD12.74 +4.4% 3 qtrs
43 CWM, LLC 1.0K +24.0 (+2.4%) 14.0K +— (+0.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.83 -10.3% 8 qtrs
44 ROYAL BANK OF CANADA 1.0K +233.0 (+29.9%) 13.0K +2.0K (+18.2%) 0.00% +0.001 pp 0.00% +0.000 pp USD14.43 -7.8% 21 qtrs
45 FMR LLC 935.00 -169.0 (-15.3%) 12.4K -2.5K (-16.9%) 0.00% -0.001 pp 0.00% +0.000 pp USD13.38 -0.6% 16 qtrs
46 AMERITAS INVESTMENT PARTNERS, INC. 903.00 +— (+0.0%) 12.0K -235.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD17.88 -25.6% 35 qtrs
47 TOWER RESEARCH CAPITAL LLC (TRC) 818.00 +13.0 (+1.6%) 10.9K -37.0 (-0.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.37 -0.5% 25 qtrs
48 THOMPSON INVESTMENT MANAGEMENT, INC. 785.00 +— (+0.0%) 10.4K -205.0 (-1.9%) 0.00% +0.000 pp 0.00% 0.000 pp USD15.70 -15.3% 5 qtrs
49 LEGAL & GENERAL GROUP PLC 684.00 +— (+0.0%) 9.1K -178.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD17.36 -23.4% 35 qtrs
50 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 417.00 -148.0 (-26.2%) 5.5K -2.1K (-27.6%) 0.00% -0.001 pp 0.00% +0.000 pp USD17.49 -24.0% 35 qtrs
51 STERLING CAPITAL MANAGEMENT LLC 395.00 -78.0 (-16.5%) 5.3K -1.2K (-18.1%) 0.00% 0.000 pp 0.00% +0.000 pp USD14.05 -5.3% 6 qtrs
52 NISA INVESTMENT ADVISORS, LLC 332.00 -1.7K (-83.4%) 4.4K -22.7K (-83.7%) 0.00% -0.008 pp 0.00% 0.000 pp USD13.65 -2.6% 7 qtrs
53 CORNERSTONE PLANNING GROUP LLC 313.00 +313.0 (+100.0%) 4.2K +4.2K (+100.0%) 0.00% +0.002 pp 0.00% +0.001 pp USD13.30 +0.0% 1 qtrs NEW
54 NEWEDGE ADVISORS, LLC 250.00 +— (+0.0%) 3.3K -65.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.42 -7.8% 13 qtrs
55 MASSMUTUAL TRUST CO FSB/ADV 228.00 +— (+0.0%) 3.0K -60.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.74 +4.4% 3 qtrs
56 AMALGAMATED BANK 215.00 -84.0 (-28.1%) 3.0K -1.0K (-25.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD16.93 -21.4% 16 qtrs
57 CITIGROUP INC 156.00 -255.0 (-62.0%) 2.1K -3.5K (-62.8%) 0.00% -0.001 pp 0.00% +0.000 pp USD15.15 -12.2% 35 qtrs
58 UBS ASSET MANAGEMENT AMERICAS INC 146.00 +146.0 (+100.0%) 1.9K +1.9K (+100.0%) 0.00% +0.001 pp 0.00% +0.000 pp USD13.29 +0.1% 1 qtrs NEW
59 OPTIVER HOLDING B.V. 86.00 +— (+0.0%) 1.1K -22.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.56 -1.9% 2 qtrs
60 PNC FINANCIAL SERVICES GROUP, INC. 66.00 -157.0 (-70.4%) 878.00 -2.1K (-71.0%) 0.00% -0.001 pp 0.00% +0.000 pp USD13.45 -1.1% 4 qtrs
61 EVERSOURCE WEALTH ADVISORS, LLC 38.00 +— (+0.0%) 506.00 -9.0 (-1.7%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.32 -7.1% 5 qtrs
62 24.00 +24.0 (+100.0%) 319.00 +319.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.29 +0.1% 1 qtrs NEW
63 IFP ADVISORS, INC 23.00 +2.0 (+9.5%) 306.00 +21.0 (+7.4%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.96 +2.6% 3 qtrs
64 NEW YORK STATE COMMON RETIREMENT FUND 19.00 +— (+0.0%) 253.00 -5.0 (-1.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD17.37 -23.4% 35 qtrs
65 ALLWORTH FINANCIAL LP 17.00 -1.0 (-5.6%) 227.00 -18.0 (-7.3%) 0.00% +0.000 pp 0.00% +0.000 pp USD12.71 +4.6% 3 qtrs
66 TRANSAMERICA FINANCIAL ADVISORS, INC. 9.00 +9.0 (+100.0%) 120.00 +120.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.22 +0.6% 1 qtrs NEW
67 TRUE WEALTH DESIGN, LLC 5.00 -2.0 (-28.6%) 67.00 -28.0 (-29.5%) 0.00% +0.000 pp 0.00% +0.000 pp USD14.00 -5.0% 5 qtrs
68 MAI CAPITAL MANAGEMENT 2.00 +2.0 (+100.0%) 27.00 +27.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.00 +2.3% 1 qtrs NEW
69 ROTHSCHILD INVESTMENT LLC 2.00 +1.0 (+100.0%) 27.00 +13.0 (+92.9%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.00 +2.3% 2 qtrs
70 FARTHER FINANCE ADVISORS, LLC 2.00 +2.0 (+100.0%) 27.00 +27.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD13.00 +2.3% 1 qtrs NEW
71 SRS CAPITAL ADVISORS, INC. -574.0 (-100.0%) -7.8K (-100.0%) 0.00% -0.003 pp 0.00% 0.000 pp USD 2 qtrs SOLD
72 CLEARSTEAD ADVISORS, LLC -5.0 (-100.0%) -68.0 (-100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD 2 qtrs SOLD
73 DEUTSCHE BANK AG\ -17.6K (-100.0%) -239.3K (-100.0%) 0.00% -0.084 pp 0.00% 0.000 pp USD 2 qtrs SOLD
74 ROCKEFELLER CAPITAL MANAGEMENT L.P. -5.4K (-100.0%) -73.5K (-100.0%) 0.00% -0.026 pp 0.00% 0.000 pp USD 4 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 48 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Micro-Cap ETF IWC 0.02% 349.6K 0.60%
2 EA Bridgeway Omni Small-Cap Value ETF BSVO 0.02% 351.6K 0.47%
3 U.S. Micro Cap Portfolio ETF DFMC 0.01% 744.9K 0.43%
4 iShares Russell 2000 Value ETF IWN 0.01% 1.26M 0.24%
5 Vanguard Russell 2000 Value ETF VTWV 0.01% 78.0K 0.06%
6 Dimensional - US Small Cap ETF DFAS 0.00% 592.5K 0.26%
7 iShares Russell 2000 BuyWrite ETF IWMW 0.00% 2.0K 0.39%
8 iShares Russell 2000 ETF IWM 0.00% 2.98M 0.19%
9 iShares U.S. Small Cap Index ETF (CAD-Hedged) XSU.TO 0.00% 19.4K 0.36%
10 Invesco Russell 2000 UCITS ETF RTYS.L 0.00% 10.9K 0.25%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.67
Neutral
Ratio by volume
3.00
Bullish
Buys
4
Sells
6
Shares acquired
99.1K
Shares disposed
5.6K
Cash buys
Cash sales
Net activity
+93,455
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-02 Maki Matthew James Officer A-Award A Common Stock 22,700 0.00 61,723 D
2026-03-02 Launer Cindy Director / Officer A-Award A Common Stock 56,000 0.00 90,800 D
2026-03-02 Elfstrand Kevin Douglas Officer A-Award A Common Stock 9,300 0.00 23,243 D
2026-03-02 Duncan Douglas Alan Officer A-Award A Common Stock 11,100 0.00 11,100 D
2026-03-01 Maki Matthew James Officer F-InKind D Common Stock 1,588 13.28 21.1K 39,023 D
2026-03-01 Elfstrand Kevin Douglas Officer F-InKind D Common Stock 479 13.28 6.4K 13,943 D
2026-02-28 Maki Matthew James Officer F-InKind D Common Stock 2,471 13.28 32.8K 40,611 D
2026-02-28 Elfstrand Kevin Douglas Officer F-InKind D Common Stock 873 13.28 11.6K 14,422 D
2026-02-03 Maki Matthew James Officer F-InKind D Common Stock 119 13.57 1.6K 43,082 D
2026-01-02 Maki Matthew James Officer F-InKind D Common Stock 115 13.27 1.5K 43,201 D
2025-12-01 Maki Matthew James Officer F-InKind D Common Stock 111 13.32 1.5K 42,514 D
2025-12-01 Launer Cindy Officer A-Award A Common Stock 14,076 0.00 34,800 D
2025-06-01 Elfstrand Kevin Douglas Officer Common Stock 0 0.00 14,493 D
2025-05-27 Duncan Douglas Alan Officer 0 0.00 0
2025-05-21 Stende Dave L. Director A-Award A Common Stock 3,924 0.00 3,924 D
2025-05-21 Missling Jeffrey R. Director A-Award A Common Stock 3,924 0.00 27,724 D
2025-05-21 Mathew Prakash Director A-Award A Common Stock 3,924 0.00 11,124 D
2025-05-21 Launer Cindy Director A-Award A Common Stock 3,924 0.00 20,724 D
2025-05-21 Espegard Duaine Director A-Award A Common Stock 3,924 0.00 36,724 D
2025-05-21 Devlin William Russell Director A-Award A Common Stock 3,924 0.00 31,724 D
2025-05-21 Aasmundstad Eric K. Director A-Award A Common Stock 3,924 0.00 36,138 D
2025-04-01 Stende Dave L. Director 0 0.00 0
2025-03-03 Maki Matthew James Officer A-Award A Common Stock 25,559 0.00 42,625 D
2025-03-03 Daggett Seth C. Director / Officer A-Award A Common Stock 47,457 0.00 90,420 D
2025-02-03 Maki Matthew James Officer A-Award A Common Stock 993 0.00 15,800 D
2025-01-02 Maki Matthew James Officer A-Award A Common Stock 955 0.00 14,807 D
2024-12-02 Maki Matthew James Officer A-Award A Common Stock 929 0.00 13,852 D
2024-12-02 Daggett Seth C. Director / Officer A-Award A Common Stock 14,869 0.00 44,536 D
2024-12-01 Maki Matthew James Officer Common Stock 0 0.00 12,923 D
2024-05-22 Missling Jeffrey R. Director A-Award A Common Stock 3,400 0.00 23,800
2024-05-22 Mathew Prakash Director A-Award A Common Stock 3,400 0.00 7,200
2024-05-22 Marlow Stephen V. Director A-Award A Common Stock 3,400 0.00 25,300
2024-05-22 Launer Cindy Director A-Award A Common Stock 3,400 0.00 16,800
2024-05-22 Espegard Duaine Director A-Award A Common Stock 3,400 0.00 32,800
2024-05-22 Devlin William Russell Director A-Award A Common Stock 3,400 0.00 27,800
2024-05-22 Aasmundstad Eric K. Director A-Award A Common Stock 3,400 0.00 32,214
2024-03-01 Duncan Patrick W. Officer A-Award A Common Stock 5,100 0.00 44,003
2024-03-01 Daggett Seth C. Officer F-InKind A Common Stock 1,161 0.00 18,567
2024-03-01 Alexander Michael J. Director / Officer A-Award A Common Stock 30,600 0.00 261,962
2023-12-12 Duncan Patrick W. Officer P-Purchase A Common Stock 808 12.95 10.5K 38,154
2023-05-24 Missling Jeffrey R. Director A-Award A Common Stock 3,800 0.00 20,400
2023-05-24 Mathew Prakash Director A-Award A Common Stock 3,800 0.00 3,800
2023-05-24 Marlow Stephen V. Director A-Award A Common Stock 3,800 0.00 21,900
2023-05-24 Launer Cindy Director A-Award A Common Stock 3,800 0.00 13,400
2023-05-24 Espegard Duaine Director A-Award A Common Stock 3,800 0.00 29,400
2023-05-24 Devlin William Russell Director A-Award A Common Stock 3,800 0.00 24,400
2023-05-24 Aasmundstad Eric K. Director A-Award A Common Stock 3,800 0.00 28,814
2023-03-01 Duncan Patrick W. Officer A-Award A Common Stock 3,900 0.00 37,342
2023-03-01 Daggett Seth C. Officer A-Award A Common Stock 7,300 0.00 18,975
2023-03-01 Alexander Michael J. Director / Officer A-Award A Common Stock 24,300 0.00 230,609
2023-02-01 Mathew Prakash Director 0 0.00 0
2022-05-25 Missling Jeffrey R. Director A-Award A Common Stock 3,100 0.00 16,600
2022-05-25 Marlow Stephen V. Director A-Award A Common Stock 3,100 0.00 18,100
2022-05-25 Launer Cindy Director A-Award A Common Stock 3,100 0.00 9,600
2022-05-25 Espegard Duaine Director A-Award A Common Stock 3,100 0.00 25,600
2022-05-25 Devlin William Russell Director A-Award A Common Stock 3,100 0.00 20,600
2022-05-25 Aasmundstad Eric K. Director A-Award A Common Stock 3,100 0.00 25,014
2022-03-01 Milius Timothy J. Officer A-Award A Common Stock 2,800 0.00 23,730
2022-03-01 Duncan Patrick W. Officer F-InKind D Common Stock 2,725 18.10 49.3K 30,094
2022-03-01 Daggett Seth C. Officer A-Award A Common Stock 5,000 0.00 11,610
2022-03-01 Alexander Michael J. Director / Officer A-Award A Common Stock 44,700 0.00 206,048
2021-05-26 Missling Jeffrey R. Director A-Award A Common Stock 2,600 0.00 13,500
2021-05-26 Marlow Stephen V. Director A-Award A Common Stock 2,600 0.00 15,000
2021-05-26 Launer Cindy Director A-Award A Common Stock 2,600 0.00 6,500
2021-05-26 Espegard Duaine Director A-Award A Common Stock 2,600 0.00 22,500
2021-05-26 Devlin William Russell Director A-Award A Common Stock 2,600 0.00 17,500
2021-05-26 Aasmundstad Eric K. Director A-Award A Common Stock 2,600 0.00 21,914
2021-03-01 Milius Timothy J. Officer F-InKind D Common Stock 574 18.64 10.7K 12,024
2021-03-01 Duncan Patrick W. Officer F-InKind D Common Stock 2,032 18.64 37.9K 22,923
2021-03-01 Doom Brian R. Officer A-Award A Common Stock 12,540 0.00 66,326
2021-03-01 Daggett Seth C. Officer A-Award A Common Stock 3,700 0.00 6,300
2021-03-01 Alexander Michael J. Director / Officer F-InKind D Common Stock 2,242 18.64 41.8K 115,505
2020-06-01 Alexander Michael J. Director / Officer P-Purchase A Common Stock 200 14.50 2.9K 116,999
2020-05-28 Missling Jeffrey R. Director A-Award A Common Stock 3,900 0.00 10,900
2020-05-28 Marlow Stephen V. Director A-Award A Common Stock 3,900 0.00 12,400
2020-05-28 Launer Cindy Director A-Award A Common Stock 3,900 0.00 3,900
2020-05-28 Espegard Duaine Director A-Award A Common Stock 3,900 0.00 19,900
2020-05-28 Devlin William Russell Director A-Award A Common Stock 3,900 0.00 14,900
2020-05-28 Alexander Michael J. Director / Officer P-Purchase A Common Stock 250 14.38 3.6K 116,799
2020-05-28 Aasmundstad Eric K. Director A-Award A Common Stock 3,900 0.00 19,314
2020-05-27 Alexander Michael J. Director / Officer P-Purchase A Common Stock 100 14.50 1.5K 116,549
2020-05-22 Alexander Michael J. Director / Officer P-Purchase A Common Stock 250 13.75 3.4K 116,449
2020-05-21 Alexander Michael J. Director / Officer P-Purchase A Common Stock 300 13.98 4.2K 116,199
2020-05-19 Alexander Michael J. Director / Officer P-Purchase A Common Stock 700 13.50 9.5K 115,899
2020-03-02 Milius Timothy J. Officer A-Award A Common Stock 2,600 0.00 11,850
2020-03-02 Duncan Patrick W. Officer A-Award A Common Stock 3,200 0.00 18,318
2020-03-02 Doom Brian R. Officer A-Award A Common Stock 6,100 0.00 53,128
2020-03-02 Daggett Seth C. Officer A-Award A Common Stock 2,600 0.00 2,600
2020-03-02 Alexander Michael J. Director / Officer A-Award A Common Stock 19,900 0.00 115,199
2020-02-25 Daggett Seth C. Officer 0 0.00 0
2019-11-14 Launer Cindy Director 0 0.00 0
2019-05-21 Missling Jeffrey R. Director A-Award A Common Stock 3,100 0.00 7,000
2019-05-21 Marlow Stephen V. Director A-Award A Common Stock 3,100 0.00 8,500
2019-05-21 Espegard Duaine Director A-Award A Common Stock 3,100 0.00 16,000
2019-05-21 Devlin William Russell Director A-Award A Common Stock 3,100 0.00 11,000
2019-05-21 Aasmundstad Eric K. Director A-Award A Common Stock 3,100 0.00 15,414
2019-03-01 Milius Timothy J. Officer A-Award A Common Stock 2,500 0.00 8,889
2019-03-01 Duncan Patrick W. Officer A-Award A Common Stock 3,100 0.00 15,252
2019-03-01 Doom Brian R. Officer A-Award A Common Stock 6,000 0.00 46,257
2019-03-01 Alexander Michael J. Director / Officer A-Award A Common Stock 19,900 0.00 94,528
2018-11-19 Alexander Michael J. Director / Officer P-Purchase A Common Stock 1,255 15.64 19.6K 73,845
2018-05-22 Missling Jeffrey R. Director A-Award A Common Stock 1,500 0.00 3,900
2018-05-22 Marlow Stephen V. Director A-Award A Common Stock 1,500 0.00 5,400
2018-05-22 Espegard Duaine Director A-Award A Common Stock 1,500 0.00 12,900
2018-05-22 Devlin William Russell Director A-Award A Common Stock 1,500 0.00 7,900
2018-05-22 Aasmundstad Eric K. Director A-Award A Common Stock 1,500 0.00 12,314
2018-03-01 Milius Timothy J. Officer A-Award A Common Stock 1,900 0.00 6,500
2018-03-01 Duncan Patrick W. Officer A-Award A Common Stock 2,900 0.00 11,100
2018-03-01 Doom Brian R. Officer A-Award A Common Stock 5,600 0.00 38,600
2018-03-01 Alexander Michael J. Director / Officer A-Award A Common Stock 18,300 0.00 71,716
2017-12-11 Missling Jeffrey R. Director A-Award A Common Stock 1,400 0.00 2,400
2017-12-11 Milius Timothy J. Officer A-Award A Common Stock 4,600 0.00 4,600
2017-12-11 Marlow Stephen V. Director A-Award A Common Stock 1,400 0.00 3,900
2017-12-11 Espegard Duaine Director A-Award A Common Stock 1,400 0.00 11,400
2017-12-11 Duncan Patrick W. Officer A-Award A Common Stock 6,700 0.00 8,200
2017-12-11 Doom Brian R. Officer A-Award A Common Stock 13,000 0.00 38,000
2017-12-11 Devlin William Russell Director A-Award A Common Stock 1,400 0.00 6,400
2017-12-11 Alexander Michael J. Officer A-Award A Common Stock 42,800 0.00 53,416
2017-12-11 Aasmundstad Eric K. Director A-Award A Common Stock 1,400 0.00 10,814
2017-07-10 Milius Timothy J. Officer 0 0.00 0
2017-05-23 Duncan Patrick W. Officer P-Purchase A Common Stock 300 16.65 5.0K 1,500
2017-05-18 Alexander Michael J. Director / Officer P-Purchase A Common Stock 116 16.10 1.9K 10,616
2017-03-13 NODAK MUTUAL GROUP, INC. 10% Owner D Common Stock 0 0.00 12,650,000
2017-03-13 Missling Jeffrey R. Director D Common Stock 0 0.00 1,000
2017-03-13 Marlow Stephen V. Director D Common Stock 0 0.00 2,500
2017-03-13 Larson Brad J. Director / Officer D Common Stock 0 0.00 150
2017-03-13 Espegard Duaine Director D Common Stock 0 0.00 10,000
2017-03-13 Duncan Patrick W. Officer D Common Stock 0 0.00 1,200
2017-03-13 Doom Brian R. Officer D Common Stock 0 0.00 20,000
2017-03-13 Devlin William Russell Director D Common Stock 0 0.00 5,000
2017-03-13 Alexander Michael J. Director / Officer D Common Stock 0 0.00 10,000
2017-03-13 Aasmundstad Eric K. Director D Common Stock 0 0.00 9,414

Executive team

Top executives
EBIT / Employee
-61.0K
Shares Outstanding
20.52M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2021 Michael J. Alexander President and CEO 820.0K 870.5K 307.9K 272.2K 2.27M 38.34%
2 2021 Seth C. Daggett EVP, Treasurer CFO 276.7K 23.8K 173.4K 75.4K 64.5K 613.7K 28.25%
3 2021 Patrick W. Duncan Senior Vice President, Operations 285.0K 139.8K 77.7K 99.8K 602.2K 23.21%
4 2020 Michael J. Alexander President and CEO 800.0K 708.7K 951.4K 236.1K 2.70M 26.29%
5 2020 Brian R. Doom Executive Vice President and CFO 302.5K 216.8K 304.1K 81.1K 904.4K 23.97%
6 2020 Patrick W. Duncan Senior Vice President, Operations 282.5K 114.1K 275.0K 78.9K 750.5K 15.20%
7 2020 Patrick W. Duncan Vice President of Operations 282.5K 114.1K 275.0K 78.9K 750.5K 15.20%
8 2019 Michael J. Alexander President and CEO 766.9K 755.9K 726.9K 263.7K 2.51M 30.08%
9 2019 Brian R. Doom Executive Vice President and CFO 292.5K 229.7K 154.0K 254.8K 931.0K 24.67%
10 2019 Patrick W. Duncan Vice President of Operations 271.3K 117.1K 142.8K 105.9K 637.0K 18.38%
11 2019 Patrick W. Duncan Senior Vice President, Operations 271.3K 117.1K 142.8K 105.9K 637.0K 18.38%
12 2018 Michael J. Alexander President and CEO 750.0K 742.6K 840.5K 293.2K 2.63M 28.28%
13 2018 Brian R. Doom Executive Vice President and CFO 285.0K 225.9K 227.5K 219.6K 958.0K 23.58%
14 2018 Patrick W. Duncan Vice President of Operations 260.0K 117.0K 207.6K 112.2K 696.7K 16.79%
15 2017 Michael J. Alexander President and CEO 637.5K 740.9K 887.5K 142.2K 2.41M 30.77%
16 2017 Brian R. Doom Executive Vice President and CFO 275.2K 25.0K 225.0K 273.1K 125.8K 924.2K 24.35%
17 2017 Patrick W. Duncan Vice President of Operations 249.3K 116.0K 249.2K 66.2K 680.7K 17.04%
18 2016 Michael J. Alexander President and CEO 520.8K 85.4K 137.7K 744.0K 0.00%
19 2016 Michael J. Alexander President and CEO 520.8K 85.4K 137.7K 744.0K 0.00%
20 2016 Brian R. Doom Executive Vice President and CFO 251.0K 20.6K 65.0K 336.6K 0.00%
21 2016 Brian R. Doom Vice President Finance and CFO 251.0K 20.6K 64.6K 336.2K 0.00%
22 2016 Patrick W. Duncan Vice President of Operations 226.7K 37.2K 54.9K 318.7K 0.00%
23 2016 Patrick W. Duncan Vice President of Operations 226.7K 37.2K 54.9K 318.7K 0.00%
24 2015 Michael J. Alexander President and CEO 500.0K 100.0K 225.0K 57.7K 882.7K 0.00%
25 2015 Brian R. Doom Vice President Finance and CFO 229.2K 68.8K 55.3K 353.2K 0.00%
26 2015 Patrick W. Duncan Vice President of Operations 208.3K 62.5K 46.8K 317.6K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-08 DEFA14A
2026-04-08 DEF 14A
2025-04-09 DEFA14A
2025-04-09 DEF 14A
2024-04-10 DEFA14A
2024-04-10 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-08 8-K
2026-05-08 10-Q
2026-04-23 SC 13G/A
2026-04-08 DEFA14A
2026-04-08 DEF 14A
2026-04-08 ARS
2026-03-06 8-K
2026-03-06 10-K
2026-03-03 4
2026-03-03 4

Executive team

NameTitleCompensationGender
Matthew James Maki Executive Vice President, Chief Financial Officer & Treasurer 963.0K male
Kevin Elfstrand Senior VP, Chief Accounting Officer & Secretary 776.5K male
Cindy L. Launer Chief Executive Officer, President & Director 473.3K female
Douglas A. Duncan Senior Vice President & Chief Information Officer 442.8K male
Doug Duncan Senior Vice President & Chief Information Officer 442.8K male
Brandon Nicol Senior Vice President of Reinsurance & Chief Underwriting Officer male
Jay Larsen Senior Vice President of Sales & Distribution male
Joe Lawless Vice President & Chief Actuary male
Kelly Dawson Senior Vice President & Chief Human Resources Officer female
Dominic Arthur Weber FCAS MAAA Senior Vice President of Strategy male
Chris Oen Senior Vice President & Chief Claims Officer male
ESG Rating
B-
INSURANCE - PROPERTY & CASUALTY
2026
E (Environmental)
87.1 / 49.4
Company / Sector avg.
S (Social)
57.5 / 57.3
Company / Sector avg.
G (Governance)
69.4 / 59.8
Company / Sector avg.
ESG Total
71.3 / 55.5
Company / Sector avg.
ESG Score History INSURANCE - PROPERTY & CASUALTY
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
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Dividend history

Earnings history

Earnings reports

Stock splits