Should I buy or sell Midwest stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midwest in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MDWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDWT, but not buy additional shares or sell existing shares. View MDWT analyst ratings or view top-rated stocks .

What is Midwest's stock price target for 2024?

1 Wall Street analysts have issued 12-month target prices for Midwest's stock. Their MDWT share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 43.3%. View analysts price targets for MDWT or view top-rated stocks among Wall Street analysts .

How have MDWT shares performed in 2023?

Midwest's stock was trading at $12.74 at the beginning of 2023. Since then, MDWT shares have increased by 107.8% and is now trading at $26.47. View the best growth stocks for 2023 here .

When is Midwest's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 25th 2024. View our MDWT earnings forecast .

How were Midwest's earnings last quarter?

Midwest Holding Inc. (NASDAQ:MDWT) announced its earnings results on Monday, November, 13th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $26.29 million for the quarter, compared to the consensus estimate of $18.60 million. Midwest had a positive trailing twelve-month return on equity of 44.85% and a negative net margin of 10.17%.

When did Midwest IPO?

(MDWT) raised $72 million in an IPO on Thursday, December 17th 2020. The company issued 1,000,000 shares at $70.00-$74.00 per share. Piper Sandler acted as the underwriter for the IPO and JMP Securities was co-manager.

Who are Midwest's major shareholders?

Midwest's stock is owned by a number of institutional and retail investors. Top institutional investors include Raymond James & Associates (2.88%), Trium Capital LLP (1.17%), LPL Financial LLC (1.00%) and GTS Securities LLC (0.32%). Insiders that own company stock include Knott Partners Lp and Michael W Minnich. View institutional ownership trends .

How do I buy shares of Midwest?

Shares of MDWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Midwest Stock Price, News & Analysis (NASDAQ:MDWT)

$26.47

+0.10 (+0.38%)

(As of 12/6/2023 ET)

Compare

Today's Range: $26.44
▼
$26.60
50-Day Range: $25.98
▼
$26.49
52-Week Range: $12.32
▼
$27.50

Volume: 10,741 shs
Average Volume: 9,627 shs
Market Capitalization: $99.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $15.00

Midwest MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 43.3% Downside
$15.00 Price Target
Short Interest: Healthy
0.82% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 10.71%
From $2.80 to $3.10 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.27 out of 5 stars

Finance Sector

694th out of 719 stocks

Life Insurance Industry

16th out of 16 stocks

1.0

Analyst's Opinion

Consensus Rating
Midwest has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Midwest has a forecasted downside of 43.3% from its current price of $26.47.
Amount of Analyst Coverage
Midwest has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.82% of the float of Midwest has been sold short.
Short Interest Ratio / Days to Cover
Midwest has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Midwest has recently increased by 14.56%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Midwest does not currently pay a dividend.
Dividend Growth
Midwest does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MDWT.

N/A

News and Social Media Coverage

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Midwest insiders have not sold or bought any company stock.
Percentage Held by Insiders
16.70% of the stock of Midwest is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.94% of the stock of Midwest is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Midwest are expected to grow by 10.71% in the coming year, from $2.80 to $3.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Midwest is -10.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Midwest is -10.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Midwest has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Midwest Stock (NASDAQ:MDWT)

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.

MDWT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MDWT Stock News Headlines

November 19, 2023 | morningstar.com

Midwest Holding Inc MDWT

November 13, 2023 | finance.yahoo.com

Midwest Holding Inc. Reports Third Quarter 2023 Results

December 7, 2023 | DTI Trader (Ad)

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October 10, 2023 | washingtonpost.com

How red-state politics are shaving years off American lives

September 16, 2023 | cnn.com

‘A spit in the face.’ Electric vehicle plans worry a Midwest auto town

September 16, 2023 | travel.usnews.com

The 8 Best Breweries and Brewpubs in the Midwest

August 28, 2023 | bizjournals.com

Community Wholesale Tire leases 204,000 square feet of space in Hunt Midwest Business Center

August 21, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Midwest Holding (MDWT) This Year?

December 7, 2023 | Financial Alphas (Ad)

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August 16, 2023 | finance.yahoo.com

American Life & Security Corp., a subsidiary of Midwest Holding Inc., is proud to announce the launch of an exciting new annuity product

August 11, 2023 | finance.yahoo.com

Midwest Holding Inc. Reports Second Quarter 2023 Results

August 6, 2023 | usatoday.com

'Hottest weather of the summer': Heat wave takes aim at Midwest, Northeast

July 26, 2023 | seekingalpha.com

Midwest Holding shareholders approve merger with Antarctica Capital

July 26, 2023 | money.usnews.com

Midwest Holding Inc.

July 26, 2023 | finance.yahoo.com

Midwest Holding Inc. Shareholders Approve Transaction with Antarctica Capital

July 18, 2023 | finance.yahoo.com

Independent Proxy Firms ISS and Glass Lewis Recommend Midwest Holding Shareholders Vote "FOR" the Proposed Transaction with Antarctica Capital

July 3, 2023 | finance.yahoo.com

Midwest Holding Inc. (MDWT) Upgraded to Strong Buy: What Does It Mean for the Stock?

July 3, 2023 | finance.yahoo.com

Best Value Stocks to Buy for July 3rd

July 1, 2023 | businesswire.com

MIDWEST HOLDING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Midwest ...

June 26, 2023 | finance.yahoo.com

Best Value Stocks to Buy for June 26th

June 24, 2023 | health.usnews.com

Best Children's Hospitals in Midwest

June 18, 2023 | usatoday.com

Food costs on the rise in the Midwest, even as US inflation levels continue to dip

June 2, 2023 | finance.yahoo.com

MDWT - Midwest Holding Inc.

May 15, 2023 | finance.yahoo.com

Midwest Holding Inc. Reports First Quarter 2023 Results

May 10, 2023 | finance.yahoo.com

Investing in Midwest Holding (NASDAQ:MDWT) a year ago would have delivered you a 145% gain

May 5, 2023 | finance.yahoo.com

Midwest Holding Inc. To Release First Quarter 2023 Results On May 15, 2023

May 2, 2023 | marketwatch.com

SHAREHOLDER ALERT: Weiss Law Investigates Midwest Holding Inc.

See More Headlines

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Company Calendar

Last Earnings: 11/13/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/25/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:MDWT
CUSIP: N/A
CIK: 355379
Web: www.midwestholding.com
Phone: (402) 817-5701
Fax: 402-489-8295
Employees: 91
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $15.00
Low Stock Price Target: $15.00
Potential Upside/Downside: -43.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.45
P/E Growth: N/A
Net Income: $7.14 million
Net Margins: -10.17%
Pretax Margin: 16.40%
Return on Equity: 44.85%
Return on Assets: 0.54%

Debt

Debt-to-Equity Ratio: 1.14
Current Ratio: 0.12
Quick Ratio: 0.12

Sales & Book Value

Annual Sales: $92.53 million
Price / Sales: 1.07
Cash Flow: $0.03 per share
Price / Cash Flow: 957.79
Book Value: $22.94 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 3,745,000
Free Float: 3,120,000
Market Cap: $99.13 million
Optionable: Not Optionable
Beta: 0.48

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Key Executives

Ms. Georgette Cecelia Nicholas (Age 58)
CEO & Director
Comp: $856.53k
Mr. Michael W. Minnich (Age 52)
President, Chief Investment Officer & Director
Comp: $560.25k
Mr. Thomas Bumbolow (Age 47)
Managing Director of Business Development
Comp: $533.75k
Mr. Eoin Elliffe (Age 46)
Chief Risk Officer
Comp: $311.94k
Mr. Elliot Sperber (Age 48)
Deputy Chief Investment Officer of 1505 Capital LLC
Comp: $535.25k
Mr. Daniel Scott Maloney (Age 58)
Principal Accounting Officer, Treasurer and EVP of Accounting & Finance
Mr. Joel H. Mathis (Age 84)
Senior Vice President of Investor Relations
Jeffrey Norris
Vice President of Human Resources
Mr. Richard Vecchiolla (Age 57)
Head of Structuring -1505 Capital
Comp: $623k
Mr. Todd Christopher Boeve (Age 53)
VP & Secretary
Comp: $149.35k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MDWT Stock Analysis - Frequently Asked Questions

Should I buy or sell Midwest stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midwest in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MDWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MDWT, but not buy additional shares or sell existing shares.
View MDWT analyst ratings or view top-rated stocks.
What is Midwest's stock price target for 2024?: 1 Wall Street analysts have issued 12-month target prices for Midwest's stock. Their MDWT share price targets range from $15.00 to $15.00. On average, they anticipate the company's share price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 43.3%.
View analysts price targets for MDWT or view top-rated stocks among Wall Street analysts.
How have MDWT shares performed in 2023?: Midwest's stock was trading at $12.74 at the beginning of 2023. Since then, MDWT shares have increased by 107.8% and is now trading at $26.47.
View the best growth stocks for 2023 here.
When is Midwest's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, March 25th 2024.
View our MDWT earnings forecast.

How were Midwest's earnings last quarter?: Midwest Holding Inc. (NASDAQ:MDWT) announced its earnings results on Monday, November, 13th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $26.29 million for the quarter, compared to the consensus estimate of $18.60 million. Midwest had a positive trailing twelve-month return on equity of 44.85% and a negative net margin of 10.17%.
When did Midwest IPO?: (MDWT) raised $72 million in an IPO on Thursday, December 17th 2020. The company issued 1,000,000 shares at $70.00-$74.00 per share. Piper Sandler acted as the underwriter for the IPO and JMP Securities was co-manager.
Who are Midwest's major shareholders?: Midwest's stock is owned by a number of institutional and retail investors. Top institutional investors include Raymond James & Associates (2.88%), Trium Capital LLP (1.17%), LPL Financial LLC (1.00%) and GTS Securities LLC (0.32%). Insiders that own company stock include Knott Partners Lp and Michael W Minnich.
View institutional ownership trends.
How do I buy shares of Midwest?: Shares of MDWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:MDWT) was last updated on 12/7/2023 by MarketBeat.com Staff

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