Midwest Holding, Inc. (MDWT)
| Market Cap | 45.75M |
| Revenue (ttm) | 33.26M |
| Net Income (ttm) | -14.85M |
| Shares Out | 3.74M |
| EPS (ttm) | -3.97 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 19,272 |
| Open | 10.61 |
| Previous Close | 11.20 |
| Day's Range | 10.61 - 12.60 |
| 52-Week Range | 8.85 - 43.29 |
| Beta | 0.54 |
| Analysts | Sell |
| Price Target | 17.34 (+41.7%) |
| Earnings Date | May 16, 2022 |
About 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 other services, including policy administration services. The company was incorporated in 2003 and is based in Lincoln, Nebraska.
Financial Performance
In 2021, MDWT's revenue was $30.06 million, an increase of 184.10% compared to the previous year's $10.58 million. Losses were -$16.64 million, 33.7% more than in 2020.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for MDWT stock is "Sell." The 12-month stock price forecast is 17.34, which is an increase of 41.67% from the latest price.
News
Midwest Holding Inc. (MDWT) Reports Q1 Loss, Tops Revenue Estimates
Midwest Holding Inc. (MDWT) delivered earnings and revenue surprises of -103.85% and 11.07%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Midwest Holding Inc. Reports First Quarter 2022 Results
LINCOLN, Neb. , May 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for the first quarter of 2022.
Midwest Holding Schedules Conference Call to Discuss First Quarter 2022 Results
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 quart...
Midwest Holding to Nominate Kevin Sheehan to Board of Directors at 2022 Annual Meeting
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 coopera...
Midwest Holding Announces Eric N. Berg as Chief Financial Officer
LINCOLN, Neb. , March 25, 2022 /PRNewswire/ -- Midwest Holding Inc. (Midwest, NASDAQ: MDWT), a technology-driven life and annuity platform, announced that it has appointed Eric N.
Midwest Holding Inc. (MDWT) Reports Q4 Loss, Misses Revenue Estimates
Midwest Holding Inc. (MDWT) delivered earnings and revenue surprises of -219.28% and 54.79%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Midwest Holding Inc. Reports Fourth Quarter 2021 and Full-Year 2021 Results
LINCOLN, Neb. , March 24, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for the fourth quarter and full year ended December 31, 2021.
Midwest Holding Schedules Conference Call to Discuss Fourth Quarter 2021 and Full Year 2021 Results
LINCOLN, Neb. , March 16, 2022 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the fourth q...
Midwest Holding Announces Inclusion of the Goldman Sachs Xenith Index to its Fixed Index Annuity Policy Holders
LINCOLN, Neb., Jan. 12, 2022 /PRNewswire/ -- Midwest Holding Inc. (NASDAQ: MDWT), a technology-enabled, services-oriented annuity platform, announced today that its subsidiary American Life & Security (...
Midwest Holding Announces Strategic Asset Management Initiative with ORIX Corporation USA
LINCOLN, Neb., Jan. 10, 2022 /PRNewswire/ -- Midwest Holding Inc. (Midwest, NASDAQ: MDWT), a technology-driven life and annuity platform, announced the closing of a majority ownership sale of a consolid...
Midwest Holding Announces Launch of S&P 500 ESG Index for the Fixed Annuity Space
LINCOLN, Neb., Jan. 5, 2022 /PRNewswire/ -- Midwest Holding Inc. (NASDAQ: MDWT), a technology-driven, life and annuity platform, today announced that its subsidiary American Life & Security Corp has lau...
Midwest Holding Announces CEO and Board Chair Changes
LINCOLN, Neb., Nov. 22, 2021 /PRNewswire/ -- Midwest Holding Inc ("Midwest") (NASDAQ: MDWT) today announced that A.
Midwest Holding to Present at Ladenburg Thalmann Virtual Technology Expo on November 18th
LINCOLN, Neb., Nov. 17, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a technology-enabled, services-oriented life and annuity platform, announced today that it will be presentin...
Midwest Holding Inc. Reports Third Quarter 2021 Results
LINCOLN, Neb., Nov. 11, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for its third quarter ended September 30, 2021.
Midwest Holding Subsidiary American Life Introduces Multi-Year Guaranteed Annuity (MYGA) Product for Registered Inves...
LINCOLN, Neb., Nov. 3, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a technology-enabled, services-oriented life and annuity platform, announced today that its subsidiary Americ...
Midwest Holding Schedules Conference Call to Discuss Third Quarter 2021 Results
LINCOLN, Neb., Oct. 28, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the third quar...
Midwest Holding Announces Georgette C. Nicholas as President and Chief Financial Officer
LINCOLN, Neb., Sept. 7, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced that Georgette C.
Midwest Holding Inc. Reports Second Quarter 2021 Results
LINCOLN, Neb., Aug. 12, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced financial results for its second quarter ended June 30, 2021.
Midwest Holding Schedules Conference Call to Discuss Second Quarter 2021 Results
LINCOLN, Neb., July 28, 2021 /PRNewswire/ -- Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the second qua...
Midwest Holding Announces Strategic Reinsurance Relationship with American Republic Insurance Company, a Subsidiary o...
LINCOLN, Neb., July 1, 2021 /PRNewswire/ -- Midwest Holding Inc. (Midwest) (NASDAQ: MDWT), a technology-enabled, services-oriented life and annuity platform, announced today that its subsidiary American...
Midwest Holding Inc. co-CEOs to speak at Piper Sandler's Virtual Midwest Insurance Tour
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), a rapidly growing, technology-enabled, services-oriented annuity platform, is pleased to announce that Co-Founders and Co...
Midwest Holding Inc. Expands Board of Directors to Nine Members with Two New Nominations
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT), today announced the nomination of two new members to be elected to the company's Board of Directors at Midwest's upcoming...
Midwest Holding Inc. Reports First Quarter 2021 Results
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. (“Midwest”) (NASDAQ: “MDWT”), today announced financial results for its first quarter ended March 31, 2021. First Quarter 2021 Highlights Annuity dir...
Midwest Holding Inc. Announces its Subsidiary, American Life & Security Corp., Joins FHLBank Topeka
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: "MDWT"), a rapidly growing, technology-enabled, services-oriented annuity platform, announced today that The Federal Home Loan B...
Midwest Holding Schedules Conference Call to Discuss First Quarter 2021 Results
LINCOLN, Neb.--(BUSINESS WIRE)--Midwest Holding Inc. ("Midwest") (NASDAQ: MDWT) today announced plans to host a conference call to discuss financial and operating results for the first quarter 2021 on F...