MDWT - Midwest Holding Inc. Stock Price, Fair Value and News

26.99USD Market Closed

Market Summary

USD26.99

Market Closed

MDWT Stock Price

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MDWT RSI Chart

MDWT Valuation

Market Cap

101.1M

Price/Earnings (Trailing)

-10.74

Price/Sales (Trailing)

1.1

EV/EBITDA

-6.21

Price/Free Cashflow

2.21

MDWT Price/Sales (Trailing)

MDWT Profitability

EBT Margin

16.45%

Return on Equity

-254.12%

Return on Assets

-0.36%

Free Cashflow Yield

45.26%

MDWT Fundamentals

MDWT Revenue

Revenue (TTM)

92.3M

Rev. Growth (Yr)

-13.58%

Rev. Growth (Qtr)

-43.51%

MDWT Earnings

Earnings (TTM)

-9.4M

Earnings Growth (Yr)

-94.82%

Earnings Growth (Qtr)

109.92%

Breaking Down MDWT Revenue

Last 30 days

2.4%

Last 90 days

3.2%

Trailing 12 Months

103.7%

How does MDWT drawdown profile look like?

MDWT Financial Health

MDWT Investor Care

Shares Dilution (1Y)

0.45%

Diluted EPS (TTM)

-2.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	76.3M	94.8M	92.3M	0
2022	15.4M	22.8M	35.6M	40.4M
2021	11.9M	13.2M	14.4M	15.7M
2020	26.8M	21.4M	16.0M	10.6M
2019	2.2M	3.2M	3.4M	3.4M
2018	2.2M	1.9M	1.6M	1.4M
2017	4.0M	4.1M	4.4M	2.4M
2016	3.8M	3.8M	3.5M	4.1M
2015	4.4M	4.2M	4.0M	3.8M
2014	5.0M	4.9M	4.8M	4.6M
2013	5.5M	5.7M	5.2M	5.1M
2012	4.3M	4.9M	5.1M	5.3M
2011	0	0	0	3.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Midwest Holding Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 22, 2023	knott david m jr	sold	-10,536,500	27.00	-390,241	-
Dec 20, 2023	sheehan kevin martin	back to issuer	-132,813	27.00	-4,919	-
Dec 20, 2023	leung firman	back to issuer	-123,255	27.00	-4,565	-
Dec 20, 2023	hompe john t.	back to issuer	-125,955	27.00	-4,665	-
Dec 20, 2023	rozov yadin	back to issuer	-643,275	27.00	-23,825	-
Dec 20, 2023	davis diane c.	back to issuer	-123,255	27.00	-4,565	-
Dec 20, 2023	minnich michael w.	back to issuer	-315,063	27.00	-11,669	see remarks
Dec 20, 2023	sheehan kevin martin	back to issuer	-1,074,820	27.00	-39,808	-
Dec 20, 2023	callahan nancy lyons	back to issuer	-123,255	27.00	-4,565	-
Dec 20, 2023	minnich michael w.	back to issuer	-11,155,800	27.00	-413,176	see remarks

Which funds bought or sold MDWT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 11, 2024	VANGUARD GROUP INC	sold off	-100	-2,803,860	-	-%
Feb 15, 2024	GTS SECURITIES LLC	sold off	-100	-308,230	-	-%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	sold off	-100	-157	-	-%
Feb 14, 2024	PenderFund Capital Management Ltd.	sold off	-100	-1,265,000	-	-%
Feb 14, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-315,238	-	-%
Feb 14, 2024	LPL Financial LLC	sold off	-100	-975,343	-	-%
Feb 14, 2024	RBF Capital, LLC	sold off	-100	-372,638	-	-%
Feb 14, 2024	Royal Bank of Canada	sold off	-100	-2,000	-	-%
Feb 13, 2024	Petiole USA ltd	sold off	-100	-2,604,380	-	-%

Are Funds Buying or Selling MDWT?

Are funds buying MDWT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MDWT

No. of Funds

Unveiling Midwest Holding Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Dec 22, 2023	knott david m jr	0%	0	SC 13D/A
May 03, 2023	bratton douglas k	11.9%	445,171	SC 13D/A
May 03, 2023	minnich michael	14.2%	530,785	SC 13D/A
Feb 06, 2023	wellington trust company, national association multiple common trust funds trust, micro cap equity p	0.00%	0	SC 13G/A
Feb 06, 2023	wellington trust co n a	0.00%	0	SC 13G/A
Feb 06, 2023	wellington management group llp	0.00%	0	SC 13G/A
Aug 18, 2022	knott david m jr	10.1%	377,430	SC 13D/A
May 20, 2022	knott david m jr	9.5%	354,065	SC 13D
Apr 12, 2022	salem anthony michael	9.4%	352,474	SC 13D/A
Feb 11, 2022	knott partners lp	6.5%	243,937	SC 13G/A

Peers (Alternatives to Midwest Holding Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.06%	3132.39%	-4.8K	757.88	-10.27%	-34.69%
AJG	50.7B	10.1B	-5.56%	11.94%	52.29	5.04	17.79%	-12.97%
AIG	50.7B	46.8B	-4.94%	42.83%	13.92	1.08	-14.05%	-64.38%
TRV	48.9B	42.9B	-6.72%	18.42%	15.57	1.14	13.52%	12.15%
AFL	48.2B	18.7B	-2.37%	20.33%	10.35	2.58	-2.30%	5.45%
ACGL	34.0B	13.6B	-0.66%	23.01%	7.65	2.49	41.83%	201.02%
AFG	10.6B	7.8B	-6.96%	4.78%	12.5	1.36	11.18%	-5.12%
MID-CAP
UNM	9.7B	12.4B	-5.51%	22.95%	7.57	0.78	3.35%	-8.77%
AIZ	9.0B	11.1B	-7.83%	43.99%	13.97	0.81	9.21%	132.28%
LNC	4.7B	11.6B	-13.31%	32.62%	-6.27	0.41	-38.09%	-155.38%
AEL	4.5B	2.8B	0.27%	47.86%	21.25	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-7.26%	6.42%	-17.8	1.32	24.25%	-115.79%
AMSF	872.2M	308.9M	-8.27%	-17.61%	14.14	2.82	3.79%	10.94%
AMBC	659.9M	269.0M	-3.76%	-6.95%	146.63	2.45	-46.68%	-99.14%
AAME	40.0M	186.8M	-30.00%	-10.91%	-233.85	0.21	-0.56%	-111.21%

Midwest Holding Inc. News

Latest updates

Midwest Holding Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	-43.5%	16,419,000	29,066,000	38,452,000	8,324,500	18,999,000	10,541,000	2,583,000	3,434,000	6,196,000	3,220,000	2,887,000	8,268,623	13,650,246	19,031,868	24,413,491	379,404	452,136	1,562,542	1,005,706	414,099	170,476
Operating Expenses	-66.2%	8,974,000	26,529,000	29,765,000	12,084,000	14,294,000	-1,392,000	-3,327,000	20,050,500	9,186,000	13,143,000	-445,000	11,642,705	3,762,000	3,636,973	2,394,617	1,926,177	1,953,494	2,394,394	2,500,724	1,828,056	2,144,249
EBITDA Margin	24.8%	0.17	0.14	0.17	0.25	0.24	0.00	-0.16	-0.39	-1.10	-2.17	-3.07	-0.98	0.05	0.46	3.01	-1.43	-	-	-	-	-
Income Taxes	55.1%	4,606,000	2,969,000	2,907,000	3,752,500	1,250,000	-2,125,000	4,722,000	2,938,000	-351,000	747,000	1,432,000	-560,214	1,258,000	479,513	407,916	119,538	114,642	-	-	-	-
Earnings Before Taxes	193.5%	7,445,000	2,537,000	8,687,000	-3,494,000	4,705,000	1,270,000	5,910,000	-4,042,500	-3,415,000	-4,245,000	-169,000	-12,473,774	-4,279,000	-16,120,326	22,018,874	-1,546,773	-1,501,358	-831,852	-1,495,018	-1,411,777	-1,973,773
EBT Margin	25.4%	0.16	0.13	0.15	0.21	0.22	-0.01	-0.38	-0.75	-1.41	-1.61	-2.78	-1.03	0.00	-	-	-	-	-	-	-	-
Net Income	109.9%	385,000	-3,883,000	3,829,000	-9,743,500	7,431,000	9,266,000	187,000	-6,980,500	-3,064,000	-4,992,000	-1,601,000	-11,882,309	-5,537,000	-16,599,839	21,548,458	-1,743,974	-1,662,814	-831,852	-1,495,018	-1,423,731	-1,963,279
Net Income Margin	-308.9%	-0.10	-0.02	0.14	0.18	0.28	-0.03	-0.96	-1.06	-1.49	-1.82	-3.00	-1.18	-0.15	-	-	-	-	-	-	-	-
Free Cashflow	-244.5%	-23,061,000	15,960,000	46,395,000	8,265,000	29,108,000	23,842,000	10,112,000	-26,532,000	9,623,000	-16,568,000	7,808,000	-19,126,000	377,579	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	8.1%	2,624	2,428	2,144	1,920	1,686	1,436	1,302	1,220	1,108	987	866	726	537	396	264	220	143	94.00	75.00	66.00	46.00
Cash Equivalents	1.8%	198	194	170	191	209	129	145	142	81.00	70.00	101	8.00	136	75.00	26.00	0.00	24.00	10.00	4.00	0.00	1.00
Net PPE	-5.0%	2.00	2.00	2.00	2.00	2.00	2.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Liabilities	8.5%	2,602	2,399	2,120	1,886	1,646	1,371	1,223	1,134	1,027	906	781	640	512	370	255	206	127	78.00	78.00	69.00	47.00
Shareholder's Equity	-87.4%	4.00	29.00	25.00	24.00	40.00	64.00	79.00	86.00	80.00	82.00	86.00	86.00	25.00	26.00	9.00	14.00	16.00	17.00	-	-	-
Retained Earnings	0.6%	-67.36	-67.75	-63.86	-63.02	-53.28	-60.71	-69.97	-70.16	-63.18	-60.12	-55.12	-53.52	-41.61	-36.07	-19.53	-41.08	-39.34	-37.67	-36.84	-35.35	-33.92
Additional Paid-In Capital	-0.7%	138	139	139	138	138	139	138	138	136	135	134	134	69.00	68.00	53.00	54.00	53.00	53.00	33.00	33.00	33.00
Shares Outstanding	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	-	-	-	-	-	-	-	-	-
Minority Interest	17.2%	18.00	16.00	12.00	10.00	8.00	12.00	18.00	15.00	-	-	-	-	-	-	0.00	0.00	0.00	0.00	-	-	-
Float	-	-	-	-	-	-	44.00	-	-	-	111	-	-	-	86.00	-	-	-	1.00	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-244.4%	-23,059	15,965	46,400	8,270	29,365	25,220	10,307	-26,255	9,642	-16,543	7,818	-19,101	376	164	2,316	-81,340	83,795	-4,662	-249	-15,981	-3,609
Share Based Compensation	-70.3%	88.00	296	307	316	-696	400	32.00	2,216	30.00	1,500	261	-	1,000	25.00	12.00	-	-	-	-	-	-
Cashflow From Investing	13.4%	-196,968	-227,563	-232,766	-237,984	-188,720	-182,140	-99,864	-28,516	-108,136	-136,436	-179,319	-165,231	-69,827	-64,269	-68,154	-56,534	-35,452	-18,815	-7,089	-78.68	1,544
Cashflow From Financing	-5.2%	223,556	235,800	165,025	212,464	239,055	141,200	92,228	115,297	109,702	122,331	120,749	199,579	130,842	113,640	47,628	157,222	-34,247	29,937	8,321	18,338	-39.80
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	25.00	-	-	-	-	-	-	-	-	-

MDWT Income Statement

2023-09-30

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Investment income, net of expenses	$ 20,796	$ 12,938	$ 64,237	$ 29,721
Net realized (loss) gain on investments	(8,946)	4,135	9,427	(14,676)
Amortization of deferred gain on reinsurance transactions	1,392	1,239	4,463	3,251
Policy administration fees	874	536	1,992	1,398
Service fee revenue, net of expenses	2,298	118	3,582	1,632
Other revenue	5	33	235	132
Total revenue	16,419	18,999	83,936	21,458
Expenses
Interest credited	2,524	5,682	22,803	(6,489)
Benefits	(526)	1,351	1,638	2,345
Amortization of deferred acquisition costs	2,215	1,193	5,832	3,095
Salaries and benefits	3,805	3,751	15,124	12,366
Other operating expenses	956	2,317	19,869	(1,744)
Total expenses	8,974	14,294	65,266	9,573
Net income before income tax expense	7,445	4,705	18,670	11,885
Income tax expense (See Note 9)	(4,606)	(1,250)	(10,482)	(3,848)
Net income after income tax expense	2,839	3,455	8,188	8,037
Less: Income (loss) attributable to noncontrolling interest	2,454	(3,976)	7,856	(8,846)
Net income attributable to Midwest Holding Inc.	385	7,431	332	16,883
Comprehensive loss:
Unrealized losses on investments arising during the three months ended September 2023 and 2022, net of offsets, net of tax ($1.9 million and $5.4 million, respectively); Unrealized losses on investments arising during the nine months ended September 2023 and 2022, net of offsets, net of tax ($3.2 million and $10.4 million, respectively)	(9,937)	(26,114)	(16,167)	(55,483)
Less: Reclassification adjustment for net realized gains (losses) on investments, net of offsets during the three months ended September 2023 and 2022 (net of tax less than $(0.1) million and $(19.9) million respectively); Reclassification adjustment for net realized gains (losses) on investments, net of offsets during the nine months ended September 2023 and 2022 (net of tax $(0.2) million and $(24.9) million respectively)	484	(952)	667	(94)
Other comprehensive loss	(9,453)	(27,066)	(15,500)	(55,577)
Comprehensive loss:	$ (9,068)	(19,635)	$ (15,168)	(38,694)
Total other-than-temporary impairment		346		880
Net other-than-temporary impairment loss recognized in net income		$ 346		$ 880
Income per common share
Basic (in dollars per share)	$ 0.10	$ 1.99	$ 0.09	$ 4.52
Diluted (in dollars per share)	$ 0.10	$ 1.96	$ 0.09	$ 4.45

MDWT Balance Sheet

2023-09-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Fixed maturities, available for sale, at fair value (amortized cost: $1,717,921 in 2023, and $1,269,735 in 2022. Allowance for credit losses of $8,917 in 2023.) (See Note 3)	$ 1,643,832	$ 1,214,635
Mortgage loans on real estate, held for investment (Allowance for credit losses of $1,577 in 2023.)	421,232	227,047
Derivative instruments (See Note 4)	26,559	15,934
Equity securities, at fair value (cost: $5,592 in 2023 and $5,592 in 2022)	5,112	5,111
Other invested assets (Allowance for credit losses of $1,600 in 2023.)	126,777	112,431
Preferred stock	33,926	31,415
Deposits and notes receivable	10,774	8,359
Policy loans	83	25
Total investments	2,268,295	1,614,957
Cash and cash equivalents	197,804	191,414
Deferred acquisition costs, net	69,470	43,433
Premiums receivable	63	362
Accrued investment income	44,694	25,165
Reinsurance recoverables (See Note 8)	27,870	20,190
Property and equipment, net	1,721	1,897
Receivable for securities sold		10,518
Other assets	14,335	12,495
Total assets	2,624,252	1,920,431
Liabilities:
Benefit reserves	11,532	12,945
Deposit-type contracts (See Note 6)	2,453,282	1,743,348
Other policy-holder funds	4,530	4,105
Notes payable (See Note 7)	25,000	25,000
Deferred gain on coinsurance transactions	44,140	38,063
Payable for securities purchased	27,029	8,872
Other liabilities	36,786	53,721
Total liabilities	2,602,299	1,886,054
Stockholders' Equity:
Preferred stock, $0.001 par value; authorized 2,000,000 shares; no shares issued and outstanding as of September 30, 2023 or December 31, 2022
Voting common stock, $0.001 par value; authorized 20,000,000 shares; 3,744,645 shares issued and outstanding as of September 30, 2023, and 3,727,976 as of December 31, 2022, respectively; non-voting common stock, $0.001 par value, 2,000,000 shares authorized; no shares issued and outstanding September 30, 2023 and December 31, 2022, respectively	4	4
Additional paid-in capital	138,122	138,482
Treasury stock	(175)	(175)
Accumulated deficit	(67,361)	(63,019)
Accumulated other comprehensive loss	(66,886)	(51,386)
Total Midwest Holding Inc.'s stockholders' equity	3,704	23,906
Noncontrolling interests	18,249	10,471
Total stockholders' equity	21,953	34,377
Total liabilities and stockholders' equity	$ 2,624,252	$ 1,920,431

About Midwest Holding Inc.

Midwest Holding Inc., a financial services company, engages in life and annuity insurance business in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors comprising independent marketing organizations. It also provides asset management services to third-party insurers and reinsurers; and product development, distribution support, policy administration, and asset/liability management services. Midwest Holding Inc. was incorporated in 2003 and is based in Lincoln, Nebraska.

CEO	Ms. Georgette Cecelia Nicholas
WEBSITE	midwestholding.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	91

Midwest Holding Inc. Frequently Asked Questions

What is the ticker symbol for Midwest Holding Inc.? What does MDWT stand for in stocks?

MDWT is the stock ticker symbol of Midwest Holding Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Midwest Holding Inc. (MDWT)?

As of Fri Dec 29 2023, market cap of Midwest Holding Inc. is 101.07 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MDWT stock?

You can check MDWT's fair value in chart for subscribers.

What is the fair value of MDWT stock?

You can check MDWT's fair value in chart for subscribers. The fair value of Midwest Holding Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Midwest Holding Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MDWT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Midwest Holding Inc. a good stock to buy?

The fair value guage provides a quick view whether MDWT is over valued or under valued. Whether Midwest Holding Inc. is cheap or expensive depends on the assumptions which impact Midwest Holding Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MDWT.

What is Midwest Holding Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Dec 29 2023, MDWT's PE ratio (Price to Earnings) is -10.74 and Price to Sales (PS) ratio is 1.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MDWT PE ratio will change depending on the future growth rate expectations of investors.