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
Website
CEO
A. Michael Salem / Michael W. Minnich
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MIDWEST HOLDING INC
SEC CIK
Corporate docs
Subsidiaries
American Life & Security Corp. • 1505 Capital LLC • Seneca Reinsurance Company, LLC • Seneca Incorporate Cell, LLC • Midwest Capital Corporation ...
MDWT stock data
News
Piper Sandler Maintains Neutral on Midwest Holding, Raises Price Target to $12
27 May 22
Recap: Midwest Holding Q1 Earnings
16 May 22
Midwest Holding Q1 EPS $0.05 Up From $(0.43) YoY
16 May 22
Stocks That Hit 52-Week Lows On Wednesday
11 May 22
Insurance Stocks Moving In Friday's Intraday Session
6 May 22
Analyst ratings and price targets
Investment data
Securities sold
Number of investors
Calendar
16 May 22
29 Jun 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Jun 22 | Nancy Lyons Callahan | Voting Common Stock | Grant | Acquire A | No | No | 0 | 2,674 | 0 | 3,401 |
14 Jun 22 | Diane C. Davis | Voting Common Stock | Grant | Acquire A | No | No | 0 | 2,674 | 0 | 3,401 |
14 Jun 22 | Firman Leung | Voting Common Stock | Grant | Acquire A | No | No | 0 | 2,674 | 0 | 3,401 |
14 Jun 22 | John T. Hompe | Voting Common Stock | Grant | Acquire A | No | No | 0 | 2,674 | 0 | 3,501 |
Institutional ownership, Q1 2022
42.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 23 |
Opened positions | 2 |
Closed positions | 3 |
Increased positions | 5 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 27.18M |
Total shares | 1.59M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Knott David M Jr | 293.94K | $4.92M |
Knott Partners | 243.94K | $4.28M |
WELLINGTON TRUST Co N A | 238.1K | $4.18M |
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 202.6K | $3.56M |
Wellington Management | 150.54K | $2.52M |
Raymond James & Associates | 100.93K | $1.69M |
TFO USA | 99.59K | $1.67M |
Vanguard | 84.31K | $1.41M |
Gradient Investments | 82.23K | $1.38M |
DB Deutsche Bank AG - Registered Shares | 20.09K | $337K |
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
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
21 Jun 22
8-K
Departure of Directors or Certain Officers
19 May 22
8-K
Results of Operations and Financial Condition
16 May 22
8-K
Departure of Directors or Certain Officers
4 May 22
8-K
Midwest Holding to Nominate Kevin Sheehan to Board of Directors at 2022 Annual Meeting
12 Apr 22
8-K
Departure of Directors or Certain Officers
4 Apr 22
8-K
Midwest Holding Announces Eric N. Berg as Chief Financial Officer
25 Mar 22
8-K
Midwest Holding Inc. Reports Fourth Quarter 2021 and Full-Year 2021 Results
24 Mar 22
8-K
Midwest Holding Announces Strategic Asset Management Initiative with ORIX Corporation USA
10 Jan 22
8-K
Entry into a Material Definitive Agreement
23 Dec 21
Registration and prospectus
S-8
Registration of securities for employees
1 Jul 21
S-8
Registration of securities for employees
11 Jun 21
424B4
Prospectus supplement with pricing info
17 Dec 20
8-A12B
Registration of securities on exchange
16 Dec 20
FWP
Free writing prospectus
9 Dec 20
S-1/A
IPO registration (amended)
19 Nov 20
S-1
IPO registration
3 Nov 20
D
$10M in equity, sold $10M, 1 investor
7 May 20
Other
UPLOAD
Letter from SEC
14 Oct 21
CORRESP
Correspondence with SEC
13 Oct 21
CORRESP
Correspondence with SEC
12 Sep 21
UPLOAD
Letter from SEC
22 Aug 21
CORRESP
Correspondence with SEC
5 Aug 21
UPLOAD
Letter from SEC
28 Jul 21
CERT
Certification of approval for exchange listing
17 Dec 20
EFFECT
Notice of effectiveness
17 Dec 20
CORRESP
Correspondence with SEC
13 Dec 20
CORRESP
Correspondence with SEC
13 Dec 20
Ownership
4
MIDWEST HOLDING / Kevin Martin Sheehan ownership change
16 Jun 22
3
MIDWEST HOLDING / Kevin Martin Sheehan ownership change
16 Jun 22
4
MIDWEST HOLDING / Yadin Rozov ownership change
16 Jun 22
4
MIDWEST HOLDING / DOUGLAS K BRATTON ownership change
16 Jun 22
4
MIDWEST HOLDING / John T. Hompe ownership change
16 Jun 22
4
MIDWEST HOLDING / Firman Leung ownership change
16 Jun 22
4
MIDWEST HOLDING / Diane C. Davis ownership change
16 Jun 22
4
MIDWEST HOLDING / Nancy Lyons Callahan ownership change
16 Jun 22
3
MIDWEST HOLDING / Yadin Rozov ownership change
16 Jun 22
SC 13D
MIDWEST HOLDING / Knott David M Jr ownership change
20 May 22
Reddit threads
Daily Discussion Thread - May 16th, 2022
16 May 22
Daily Discussion Thread - May 13th, 2022
13 May 22
Daily Discussion Thread - March 24th, 2022
24 Mar 22
Daily Discussion Thread - March 23rd, 2022
23 Mar 22
Daily Discussion Thread - March 22nd, 2022
22 Mar 22
Daily Discussion Thread - March 21st, 2022
21 Mar 22
Daily Discussion Thread - March 18th, 2022
18 Mar 22
Daily Discussion Thread - November 11th, 2021
11 Nov 21
Daily Discussion Thread - November 10th, 2021
10 Nov 21
Daily Discussion Thread - November 9th, 2021
9 Nov 21