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NI Holdings ( (NODK) ) has provided an announcement.
On October 10, 2025, NI Holdings, Inc. announced the departure of Seth C. Daggett as President and CEO, alongside his resignation from the Board of Directors, effective immediately. His departure, classified as a termination without cause, involves a severance package of approximately $2.5 million and continued health benefits for 24 months. Cindy L. Launer was appointed as the new President and CEO, effective the same day. Launer, who has been a board member since 2019 and briefly served as interim CEO in 2024, brings extensive experience from her previous roles at AIG and other firms. The Board expressed confidence in her ability to lead NI Holdings into its next phase, focusing on sustainable growth and long-term value for stakeholders.
The most recent analyst rating on (NODK) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on NI Holdings stock, see the NODK Stock Forecast page.
Spark’s Take on NODK Stock
According to Spark, TipRanks’ AI Analyst, NODK is a Neutral.
The overall stock score of 52 reflects significant financial challenges, including declining revenues and profitability, which are the most impactful factors. Technical analysis shows neutral indicators, offering some potential for improvement. However, the high P/E ratio suggests overvaluation, further weighing down the score.
To see Spark’s full report on NODK stock, click here.
More about NI Holdings
NI Holdings, Inc. is an insurance holding company based in North Dakota. It is the stock holding company of Nodak Insurance Company, which became such following the conversion of Nodak Mutual Insurance Company from a mutual to stock form in March 2017. NI Holdings’ financial statements consolidate the results of Nodak Insurance Company and its subsidiaries, including American West Insurance Company, Primero Insurance Company, Battle Creek Insurance Company, and Direct Auto Insurance Company.
Average Trading Volume: 10,650
Technical Sentiment Signal: Sell
Current Market Cap: $279.5M
Find detailed analytics on NODK stock on TipRanks’ Stock Analysis page.