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National Security (NSEC)

The National Security Group, Inc. is an insurance holding company. The Company, through its wholly owned subsidiaries, operates in two segments: property and casualty insurance and life insurance. The property and casualty subsidiaries of the Company, National Security Fire and Casualty and Omega One Insurance Company, primarily writes personal lines dwelling coverage, including dwelling fire and windstorm, homeowners and mobile homeowners lines of insurance in approximately ten states. Its life insurance subsidiary, National Security Insurance Company, offers a basic line of life and health and accident insurance products in approximately seven states. The Company operates across Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee and West Virginia.

Company profile

Ticker
NSEC
Exchange
NASDAQ
Website
www.nationalsecuritygroup.com
CEO
William Brunson
Employees
Incorporated
Delaware
Location
Alabama
Fiscal year end
Dec 31
Sector
Finance and Insurance > Third Party Administration of Insurance and Pension Funds
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 ...
SEC CIK
0000865058
Corporate docs
Subsidiaries
The National Security Insurance Company • The National Security Fire & Casualty Company • Omega One Insurance Company ...
IRS number
631020300

NSEC stock data

News

From Benzinga Pro
Insurance Stocks Moving In Thursday's Intraday Session
16 Jun 22
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.
Insurance Stocks Moving In Thursday's Intraday Session
26 May 22
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session.
National Security Group Q1 EPS $0.38 Up From $0.29 YoY
16 May 22
National Security Group (NASDAQ:NSEC) reported quarterly earnings of $0.38 per share. This is a 31.03 percent increase over earnings of $0.29 per share from the same period last year.
Alabama Department Of Insurance Sets Public Hearing Date For The National Security Group, Inc. And VR Insurance Holdings, Inc. Transaction
12 May 22
National Security Group's Ex-Dividend Date Is Friday, Here's What You Need To Know
3 May 22

Press releases

From Benzinga Pro
The National Security Group, Inc.'s Special Meeting of the Stockholders
21 Jun 22
The National Security Group, Inc. ("NSG") (NASDAQ:NSEC) today announced that, as required by the Delaware General Corporation Law, its stockholders have voted at a special meeting to adopt the previously announced
NATIONAL SECURITY GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The National Security Group, Inc. - NSEC
26 May 22
NEW ORLEANS, May 26, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of The National
Lifshitz Law PLLC Announces Investigation of HMTV, NSEC, SREV, and TMX
24 May 22
NEW YORK, May 24, 2022 (GLOBE NEWSWIRE) -- Hemisphere Media Group, Inc. (NASDAQ:HMTV) Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of HMTV to a
Lifshitz Law PLLC Announces Investigation of HMTV, NSEC, SREV, and TMX
21 May 22
The National Security Group, Inc. Releases Financial Results
16 May 22

Calendar

15 May 22
26 Jun 22
31 Dec 22

Financial summary

Financial statements Chart NSEC 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) 12.94M 12.94M 12.94M 12.94M 12.94M 12.94M
Cash burn (monthly) (no burn) 358.42K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 1.03M n/a n/a n/a n/a
Cash remaining n/a 11.91M n/a n/a n/a n/a
Runway (months of cash) n/a 33.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

NSEC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 May 21 Neil Frank B O Common Stock Grant Acquire A No No 0 2,262 0 21,573
8 Feb 21 Charles B Arnold Common Stock Gift Acquire G No No 0 1,800 0 17,400
11 Jan 21 Fred Clark JR Common Stock Gift Acquire G Yes No 0 1,748 0 28,086
11 Jan 21 Fred Clark JR Common Stock Gift Dispose G No No 0 1,748 0 73,239
4 Jan 21 Fred Clark JR Common Stock Gift Acquire G Yes No 0 3,720 0 26,338
4 Jan 21 Fred Clark JR Common Stock Gift Dispose G No No 0 3,720 0 74,987
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NSEC institutional ownership history Ownership history
2.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 7 4 +75.0%
Opened positions 4 1 +300.0%
Closed positions 1 3 -66.7%
Increased positions 0 0
Reduced positions 1 1 –
13F shares Current Prev Q Change
Total value 984K 490K +100.8%
Total shares 58.76K 52.71K +11.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Dimensional Fund Advisors 46.03K $738K -10.7%
PenderFund Capital Management 10.85K $217K NEW
Earnest Partners 900 $14K 0.0%
Tower Research Capital 722 $11K NEW
BLK Blackrock 249 $4K 0.0%
WFC Wells Fargo & Co. 7 $0 NEW
MS Morgan Stanley 1 $0 NEW
Proequities 0 $0
Largest transactions Shares Bought/sold Change
PenderFund Capital Management 10.85K +10.85K NEW
Dimensional Fund Advisors 46.03K -5.53K -10.7%
Tower Research Capital 722 +722 NEW
WFC Wells Fargo & Co. 7 +7 NEW
BAC Bank Of America 0 -3 EXIT
MS Morgan Stanley 1 +1 NEW
Proequities 0 0
Earnest Partners 900 0 0.0%
BLK Blackrock 249 0 0.0%
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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Abernathy, aforementioned, Andrew, announcement, Arnold, assessment, attorney, auditor, behalf, bond, breached, Brian, Brunson, Chancery, Clark, Cohen, complaint, constituted, Crawford, director, Donald, Edward, Elizabeth, enjoin, failed, failing, fiduciary, Frank, Fred, Jr, larger, letter, McLeod, merger, Mickey, Murdock, NSG, omitted, Piper, Pittman, Preliminary, proposed, Proxy, purporting, putative, rendering, Sandler, served, similarly, situated, solicited, styled, VR, Walter, White, Wilkerson, William
Removed: acceleration, actuarial, aftermath, application, began, benchmark, broker, collateral, combination, commencing, construction, count, designated, diligently, evolve, expanded, favorably, February, floating, focused, forward, fourth, gain, half, hedged, Ike, incorporate, longstanding, notional, organic, partial, post, posted, quickly, reflect, reflecting, reinvest, renewing, repurchased, requiring, resolved, significantly, terminated, termination, work, worked
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
15 May 22
10-K
2021 FY
Annual report
23 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
13 Aug 21
10-Q
2021 Q1
Quarterly report
14 May 21
10-K/A
2020 FY
Annual report (amended)
23 Mar 21
10-K
2020 FY
Annual report
19 Mar 21
10-Q
2020 Q3
Quarterly report
13 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
14 May 20
Current reports
View all
8-K
Submission of Matters to a Vote of Security Holders
21 Jun 22
8-K/A
Other Events
8 Jun 22
8-K
Other Events
7 Jun 22
8-K
Regulation FD Disclosure
16 May 22
8-K
Regulation FD Disclosure
12 May 22
8-K
Other Events
28 Apr 22
8-K
Regulation FD Disclosure
4 Mar 22
8-K
Other Events
27 Jan 22
8-K
Entry into a Material Definitive Agreement
26 Jan 22
8-K
Regulation FD Disclosure
12 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
9 Aug 19
S-8
Registration of securities for employees
18 Apr 13
Proxies
View all
DEFA14A
Additional proxy soliciting materials
8 Jun 22
DEFA14A
Additional proxy soliciting materials
7 Jun 22
DEFM14A
Proxy related to merger
23 May 22
PRER14A
Preliminary revised proxy
9 May 22
PRE 14A
Preliminary proxy
31 Mar 22
DEFA14A
Additional proxy soliciting materials
7 Apr 21
DEF 14A
Definitive proxy
7 Apr 21
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
DEFA14A
Additional proxy soliciting materials
5 Apr 19
Other
View all
UPLOAD
Letter from SEC
15 May 11
UPLOAD
Letter from SEC
9 May 11
UPLOAD
Letter from SEC
27 Feb 11
CORRESP
Correspondence with SEC
13 Jan 11
CORRESP
Correspondence with SEC
2 Jan 11
UPLOAD
Letter from SEC
14 Dec 10
UPLOAD
Letter from SEC
4 Dec 08
CORRESP
Correspondence with SEC
30 Oct 08
CORRESP
Correspondence with SEC
15 Oct 08
UPLOAD
Letter from SEC
1 Oct 08
Ownership
View all
4
NATIONAL SECURITY / NEIL FRANK B O ownership change
25 May 21
4
NATIONAL SECURITY / PAUL C WESCH ownership change
2 Mar 21
4
NATIONAL SECURITY / FRED CLARK JR ownership change
2 Mar 21
4
NATIONAL SECURITY / Charles B Arnold ownership change
2 Mar 21
5
NATIONAL SECURITY / JACK E BRUNSON ownership change
16 Feb 21
5
NATIONAL SECURITY / BRIAN R MCLEOD ownership change
16 Feb 21
5
NATIONAL SECURITY / WILLIAM L BRUNSON JR ownership change
16 Feb 21
5
NATIONAL SECURITY / FRED CLARK JR ownership change
16 Feb 21
4
NATIONAL SECURITY / FRED CLARK JR ownership change
6 Oct 20
4
NATIONAL SECURITY / Andrew J. Abernathey ownership change
29 Sep 20

Reddit threads

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