NASDAQ:MDWT Midwest (MDWT) Stock Forecast, Price & News $26.10 0.00 (0.00%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$26.04▼$26.4050-Day Range$26.08▼$26.6852-Week Range$12.25▼$27.50Volume10,254 shsAverage Volume7,816 shsMarket Capitalization$97.61 millionP/E RatioN/ADividend YieldN/APrice Target$15.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Midwest MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside42.5% Downside$15.00 Price TargetShort InterestHealthy0.28% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-19.48%From $3.85 to $3.10 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.0.85 out of 5 starsFinance Sector844th out of 845 stocksLife Insurance Industry21st out of 21 stocks 1.0 Analyst's Opinion Consensus RatingMidwest 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/DownsideAccording to analysts' consensus price target of $15.00, Midwest has a forecasted downside of 42.5% from its current price of $26.10.Amount of Analyst CoverageMidwest has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.28% of the float of Midwest has been sold short.Short Interest Ratio / Days to CoverMidwest has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Midwest has recently increased by 41.38%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldMidwest does not currently pay a dividend.Dividend GrowthMidwest does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MDWT. Previous Next 0.0 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Midwest this week, compared to 1 article on an average week. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Midwest insiders have not sold or bought any company stock.Percentage Held by Insiders16.70% 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 Institutions54.94% of the stock of Midwest is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Midwest are expected to decrease by -19.48% in the coming year, from $3.85 to $3.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Midwest is -40.78, 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. SectorThe P/E ratio of Midwest is -40.78, 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 RatioMidwest has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Midwest (NASDAQ:MDWT) StockMidwest 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.Read More MDWT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MDWT Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comMidwest (NASDAQ:MDWT) Stock Price Down 0%September 16, 2023 | cnn.com‘A spit in the face.’ Electric vehicle plans worry a Midwest auto townSeptember 24, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 16, 2023 | travel.usnews.comThe 8 Best Breweries and Brewpubs in the MidwestAugust 28, 2023 | bizjournals.comCommunity Wholesale Tire leases 204,000 square feet of space in Hunt Midwest Business CenterAugust 21, 2023 | finance.yahoo.comAre Finance Stocks Lagging Midwest Holding (MDWT) This Year?August 16, 2023 | finance.yahoo.comAmerican Life & Security Corp., a subsidiary of Midwest Holding Inc., is proud to announce the launch of an exciting new annuity productAugust 11, 2023 | finance.yahoo.comMidwest Holding Inc. Reports Second Quarter 2023 ResultsSeptember 24, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...August 6, 2023 | usatoday.com'Hottest weather of the summer': Heat wave takes aim at Midwest, NortheastJuly 26, 2023 | seekingalpha.comMidwest Holding shareholders approve merger with Antarctica CapitalJuly 26, 2023 | money.usnews.comMidwest Holding Inc.July 26, 2023 | finance.yahoo.comMidwest Holding Inc. Shareholders Approve Transaction with Antarctica CapitalJuly 18, 2023 | finance.yahoo.comIndependent Proxy Firms ISS and Glass Lewis Recommend Midwest Holding Shareholders Vote "FOR" the Proposed Transaction with Antarctica CapitalJuly 3, 2023 | finance.yahoo.comMidwest Holding Inc. (MDWT) Upgraded to Strong Buy: What Does It Mean for the Stock?July 3, 2023 | finance.yahoo.comBest Value Stocks to Buy for July 3rdJuly 1, 2023 | businesswire.comMIDWEST 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.comBest Value Stocks to Buy for June 26thJune 24, 2023 | health.usnews.comBest Children's Hospitals in MidwestJune 18, 2023 | usatoday.comFood costs on the rise in the Midwest, even as US inflation levels continue to dipJune 2, 2023 | finance.yahoo.comMDWT - Midwest Holding Inc.May 15, 2023 | finance.yahoo.comMidwest Holding Inc. Reports First Quarter 2023 ResultsMay 10, 2023 | finance.yahoo.comInvesting in Midwest Holding (NASDAQ:MDWT) a year ago would have delivered you a 145% gainMay 5, 2023 | finance.yahoo.comMidwest Holding Inc. To Release First Quarter 2023 Results On May 15, 2023May 2, 2023 | marketwatch.comSHAREHOLDER ALERT: Weiss Law Investigates Midwest Holding Inc.May 2, 2023 | marketwatch.comShareholder Alert: Ademi LLP investigates whether Midwest Holding Inc. has obtained a Fair Price in its transaction with AntarcticaMay 1, 2023 | benzinga.comSHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Midwest Holding Inc. BuyoutSee More Headlines Receive MDWT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Midwest and its competitors with MarketBeat's FREE daily newsletter. Email Address MDWT Company Calendar Last Earnings8/11/2023Today9/24/2023Next Earnings (Estimated)11/13/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Life insurance Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:MDWT CUSIPN/A CIK355379 Webwww.midwestholding.com Phone(402) 817-5701Fax402-489-8295Employees91Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.00 High Stock Price Forecast$15.00 Low Stock Price Forecast$15.00 Forecasted Upside/Downside-42.5%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.64) Trailing P/E RatioN/A Forward P/E Ratio6.78 P/E GrowthN/ANet Income$7.14 million Net Margins-2.49% Pretax Margin13.07% Return on Equity38.90% Return on Assets0.61% Debt Debt-to-Equity Ratio0.85 Current Ratio0.14 Quick Ratio0.14 Sales & Book Value Annual Sales$30.05 million Price / Sales3.25 Cash Flow$0.03 per share Price / Cash Flow947.09 Book Value$22.94 per share Price / Book1.14Miscellaneous Outstanding Shares3,740,000Free Float3,120,000Market Cap$97.61 million OptionableNot Optionable Beta0.54 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Georgette Cecelia Nicholas (Age 58)CEO & Director Comp: $856.53kMr. Michael W. Minnich (Age 52)Pres, Chief Investment Officer & Director Comp: $560.25kMr. Thomas Bumbolow (Age 47)Managing Director of Bus. Devel. Comp: $533.75kMr. Eoin Elliffe (Age 46)Chief Risk Officer Comp: $311.94kMr. Elliot Sperber (Age 48)Deputy Chief Investment Officer of 1505 Capital LLC Comp: $535.25kMr. Daniel Scott Maloney (Age 58)Principal Accounting Officer, Treasurer and EVP of Accounting & Fin. Mr. Joel H. Mathis (Age 84)Sr. VP of Investor Relations Jeffrey NorrisVP of HRMr. Richard Vecchiolla (Age 57)Head of Structuring -1505 Capital Mr. Todd Christopher Boeve (Age 53)VP & Sec. More ExecutivesKey CompetitorsVericityNASDAQ:VERYCitizensNYSE:CIAAtlantic AmericanNASDAQ:AAMEEllington Residential Mortgage REITNYSE:EARNFlaherty & Crumrine Preferred Income Opportunity FundNYSE:PFOView All CompetitorsInstitutional OwnershipErgoteles LLCBought 48,511 shares on 8/14/2023Ownership: 1.301%State Street CorpBought 7,572 shares on 8/14/2023Ownership: 0.203%PenderFund Capital Management Ltd.Bought 24,558 shares on 8/11/2023Ownership: 0.658%Geode Capital Management LLCBought 7,594 shares on 8/11/2023Ownership: 0.628%BlackRock Inc.Bought 8,099 shares on 8/11/2023Ownership: 0.594%View All Institutional Transactions MDWT Stock - 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 forecast for 2023? 1 equities research analysts have issued 1-year price objectives for Midwest's stock. Their MDWT share price forecasts range from $15.00 to $15.00. On average, they expect the company's stock price to reach $15.00 in the next year. This suggests that the stock has a possible downside of 42.5%. 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 the year. Since then, MDWT shares have increased by 104.9% and is now trading at $26.10. View the best growth stocks for 2023 here. Are investors shorting Midwest? Midwest saw a increase in short interest in August. As of August 31st, there was short interest totaling 8,200 shares, an increase of 41.4% from the August 15th total of 5,800 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company's stock are sold short. View Midwest's Short Interest. When is Midwest's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023. View our MDWT earnings forecast. How were Midwest's earnings last quarter? Midwest Holding Inc. (NASDAQ:MDWT) posted its quarterly earnings results on Friday, August, 11th. The company reported $2.51 EPS for the quarter, beating the consensus estimate of $0.39 by $2.12. The firm earned $30.24 million during the quarter, compared to analysts' expectations of $16.60 million. Midwest had a negative net margin of 2.49% and a positive trailing twelve-month return on equity of 38.90%. When did Midwest IPO? (MDWT) raised $72 million in an initial public offering (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. What is Midwest's stock symbol? Midwest trades on the NASDAQ under the ticker symbol "MDWT." Who are Midwest's major shareholders? Midwest's stock is owned by many different retail and institutional investors. Top institutional shareholders include Raymond James & Associates (2.98%), Ergoteles LLC (1.30%), LPL Financial LLC (1.04%), PenderFund Capital Management Ltd. (0.66%), Geode Capital Management LLC (0.63%) and BlackRock Inc. (0.59%). 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. What is Midwest's stock price today? One share of MDWT stock can currently be purchased for approximately $26.10. How much money does Midwest make? Midwest (NASDAQ:MDWT) has a market capitalization of $97.61 million and generates $30.05 million in revenue each year. The company earns $7.14 million in net income (profit) each year or ($0.64) on an earnings per share basis. How can I contact Midwest? The official website for the company is www.midwestholding.com. The company can be reached via phone at (402) 817-5701, via email at ir@midwestholding.com, or via fax at 402-489-8295. This page (NASDAQ:MDWT) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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