Midwest Hldg (MDWT)

Midwest Holding Inc. is a financial services company focused on providing technology-enabled and services-oriented solutions to distributors and reinsurers of annuity and life insurance products in the United States. Midwest provides an end-to-end solution to manage annuity and life insurance policies that includes a broad set of product development, distribution support, policy administration, and asset liability management services. Midwest sells, underwrites, and markets annuity products in 20 states and the District of Columbiathrough its subsidiary American Life & Security Corp. Midwest also provides reinsurance management and asset management services as a comprehensive solution for reinsurers.

Company profile

Ticker

MDWT

Exchange

NASDAQ

Website

www.midwestholding.com

CEO

A. Michael Salem / Michael W. Minnich

Incorporated

Nebraska

Location

Nebraska

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Life Insurance

Metlife • Jackson Financial • Lincoln National Life Insurance • Brighthouse Financial • Voya Financial • Lincoln National • Genworth Financial • Athene Holding • Protective Life • American Equity Investment Life Holding ...

Former names

MIDWEST HOLDING INC

SEC CIK

0000355379

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

American Life & Security Corp. • 1505 Capital LLC • Seneca Reinsurance Company, LLC • Seneca Incorporate Cell, LLC • Midwest Capital Corporation ...

MDWT stock data

1M 1Y 5Y

News

From Benzinga Pro

Piper Sandler Maintains Neutral on Midwest Holding, Raises Price Target to $12

27 May 22

Piper Sandler analyst John Barnidge maintains Midwest Holding (NASDAQ:MDWT) with a Neutral and raises the price target from $10 to $12.

Recap: Midwest Holding Q1 Earnings

16 May 22

Midwest Holding (NASDAQ:MDWT) reported its Q1 earnings results on Monday, May 16, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Midwest Holding beat estimated earnings by 121.74%, reporting an EPS of $0.05 versus an estimate of $-0.23.

Midwest Holding Q1 EPS $0.05 Up From $(0.43) YoY

16 May 22

Midwest Holding (NASDAQ:MDWT) reported quarterly earnings of $0.05 per share. This is a 111.63 percent increase over losses of $(0.43) per share from the same period last year.

Stocks That Hit 52-Week Lows On Wednesday

11 May 22

Insurance Stocks Moving In Friday's Intraday Session

6 May 22

Press releases

From Benzinga Pro

Midwest Holding Inc. Reports First Quarter 2022 Results

16 May 22

LINCOLN, Neb., May 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced financial results for the first quarter of 2022. First Quarter 2022 Highlights: GAAP net income was

Midwest Holding Schedules Conference Call to Discuss First Quarter 2022 Results

5 May 22

LINCOLN, Neb., May 5, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT) today announced plans to host a conference call to discuss financial and operating results for the first quarter of 2022

Midwest Holding to Nominate Kevin Sheehan to Board of Directors at 2022 Annual Meeting

12 Apr 22

Enters into Cooperation Agreement with AMS Advisors LLC LINCOLN, Neb., April 12, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ:MDWT), today announced that it has entered into a cooperation

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

16 May 22

29 Jun 22

31 Dec 22

Financial summary

Financial statements Chart MDWT financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	144.68M	144.68M	144.68M	144.68M	144.68M	144.68M
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	482.87K	(no burn)	1.9M
Cash used (since last report)	n/a	n/a	n/a	1.43M	n/a	5.65M
Cash remaining	n/a	n/a	n/a	143.25M	n/a	139.04M
Runway (months of cash)	n/a	n/a	n/a	296.7	n/a	73.0

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

MDWT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
14 Jun 22	Nancy Lyons Callahan	Voting Common Stock	Grant	Acquire A	No	No	2,674	3,401
14 Jun 22	Diane C. Davis	Voting Common Stock	Grant	Acquire A	No	No	2,674	3,401
14 Jun 22	Firman Leung	Voting Common Stock	Grant	Acquire A	No	No	2,674	3,401
14 Jun 22	John T. Hompe	Voting Common Stock	Grant	Acquire A	No	No	2,674	3,501

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MDWT institutional ownership history Ownership history

42.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	23	24	-4.2%
Opened positions	2	8	-75.0%
Closed positions	3	7	-57.1%
Increased positions	5	5	–
Reduced positions	6	4	+50.0%

13F shares	Current	Prev Q	Change
Total value	27.18M	27.92M	-2.7%
Total shares	1.59M	1.59M	+0.2%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Knott David M Jr	293.94K	$4.92M	+20.5%
Knott Partners	243.94K	$4.28M	0.0%
WELLINGTON TRUST Co N A	238.1K	$4.18M	0.0%
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio	202.6K	$3.56M	0.0%
Wellington Management	150.54K	$2.52M	-36.8%
Raymond James & Associates	100.93K	$1.69M	+144.9%
TFO USA	99.59K	$1.67M	0.0%
Vanguard	84.31K	$1.41M	-23.4%
Gradient Investments	82.23K	$1.38M	0.0%
DB Deutsche Bank AG - Registered Shares	20.09K	$337K	0.0%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	150.54K	-87.56K	-36.8%
Raymond James & Associates	100.93K	+59.72K	+144.9%
Knott David M Jr	293.94K	+50K	+20.5%
Vanguard	84.31K	-25.75K	-23.4%
Geode Capital Management	14.91K	+14.91K	NEW
Millennium Management	14.61K	-3.6K	-19.8%
Optiver Holding B.V.	0	-2.5K	EXIT
UBS UBS Group AG - Registered Shares	0	-1.21K	EXIT
Frontier Wealth Management	16.89K	-500	-2.9%
BLK Blackrock	13.99K	-324	-2.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: accident, accommodate, accretion, accuracy, achieve, acknowledged, add, added, adding, administer, administered, agency, alleviate, announced, announcement, annuitant, appetite, area, arm, Automated, Baby, BB, Benchmark, billion, Boomer, Bratton, broaden, build, built, Bureau, cease, chapter, check, chosen, client, cloud, compelling, compete, conducive, constructing, correlation, COVID, demand, desirable, diligently, director, disposition, distinct, DJI, Dow, dynamic, EBITDA, efficient, efficiently, electronically, element, emerging, encouraging, ESG, exacerbated, expand, expanding, expansion, face, fallback, FCA, figure, filer, firm, flexibility, flexible, floating, focused, footprint, foremost, GCPM, goal, Goldman, Good, Guaranty, guideline, IBA, ICE, inability, influencing, innovation, Institute, institutional, intense, intensification, Interactive, Interbank, Intercontinental, intermediary, intraday, leadership, leading, legislation, lending, length, LIBOR, light, LIMRA, Lincoln, London, macro, mainstream, maximize, Medicare, misleading, month, Multiple, multiplier, NE, network, nonvested, Notwithstanding, NYU, ORIX, overlay, overnight, panel, partner, people, perpetual, persuading, phase, pipeline, play, preceding, preliminary, prompt, prove, publish, published, purely, Python, quickly, rapid, reach, readily, reallocating, reclassified, recommended, reconciled, reestablishing, regime, reimbursement, renegotiate, request, requested, requisite, Research, responding, role, roll, RSU, Rule, seamlessly, sector, serve, shell, shorter, side, significantly, sixty, solution, speed, stage, Stern, stop, stream, streamlined, study, subadvisor, subset, subtracted, Suite, telephone, termination, tied, transition, treatment, UK, Ukraine, uncorrelated, unfunded, unusually, USA, war, Washington, week, wide, world

Removed: accessing, adequately, adjust, admitted, Alliance, backed, bad, booking, Capitol, cashflow, Cayman, Clearwater, combat, conformity, dealing, decision, deducting, defaulted, delinquent, delivering, difficulty, disruption, distancing, division, enforcement, EUR, Europe, evaluator, execution, existed, expiration, extreme, Fargo, Finally, fluctuation, fractional, funded, global, government, governmental, imposed, inclusion, Incorporation, indemnification, insignificantly, introduce, larger, leave, led, leveraging, listed, listing, mandated, mature, minimal, monitored, municipal, mutual, national, negatively, novated, novation, organized, outbreak, outcome, outsource, Pennsylvania, philosophy, pose, preparing, preventive, prolonged, prudent, recognizing, reduced, reducing, referenced, released, releasing, replaced, resignation, rest, restated, returned, rollforward, SDA, selected, September, shortage, simplify, slowdown, social, SPC, specifically, SRC, staggered, therewith, ticker, unaudited, underway, unearned, volume, work

From filing 10-Q 2022 Q1

Financial reports

View all