NI Holdings, Inc.'s (NASDAQ:NODK) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock? [Yahoo! Finance]
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
Company Research
Source: Yahoo! Finance
However, we wonder if the company's inconsistent financials would have any adverse impact on the current share price momentum. Particularly, we will be paying attention to NI Holdings' ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Check out our latest analysis for NI Holdings How To Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for NI Holdings is: 2.2% = US$5.7m ÷ US$256m (Based on the trailing twelve months to March 2024). The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.02 in profit. Why Is ROE Important For Earnings Growth? W
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News
- AM Best Places Credit Ratings of Westminster American Insurance Company Under Review With Negative Implications [Yahoo! Finance]Yahoo! Finance
- AM Best Affirms Credit Ratings of Members of Nodak Insurance Group and NI Holdings, Inc. [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2024GlobeNewswire
- NI Holdings, Inc. Agrees to Sell Westminster American Insurance Company [Yahoo! Finance]Yahoo! Finance
NODK
Sec Filings
- 6/5/24 - Form 8-K
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- NODK's page on the SEC website