Midwest Holding, Inc. (MDWT)

NASDAQ: MDWT · IEX Real-Time Price · USD
12.24
1.04 (9.29%)
At close: May 27, 2022 4:00 PM
12.18
-0.06 (-0.49%)
After-hours:May 27, 2022 4:00 PM EDT
Market Cap45.75M
Revenue (ttm)33.26M
Net Income (ttm)-14.85M
Shares Out3.74M
EPS (ttm)-3.97
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume19,272
Open10.61
Previous Close11.20
Day's Range10.61 - 12.60
52-Week Range8.85 - 43.29
Beta0.54
AnalystsSell
Price Target17.34 (+41.7%)
Earnings DateMay 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.

IndustryInsurance-Life
IPO DateDec 17, 2020
Employees64
Stock ExchangeNASDAQ
Ticker SymbolMDWT
Full Company Profile

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 Statements

Analyst 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.

Price Target
$17.34
(41.67% upside)
Analyst Consensus: Sell
Stock Forecasts

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?

1 week ago - Zacks Investment Research

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.

1 week ago - PRNewsWire

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...

3 weeks ago - PRNewsWire

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...

1 month ago - PRNewsWire

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.

2 months ago - PRNewsWire

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?

2 months ago - Zacks Investment Research

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.

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 (...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

Midwest Holding Announces CEO and Board Chair Changes

LINCOLN, Neb., Nov. 22, 2021 /PRNewswire/ -- Midwest Holding Inc ("Midwest") (NASDAQ: MDWT) today announced that A.

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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.

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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.

8 months ago - PRNewsWire

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.

9 months ago - PRNewsWire

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...

9 months ago - PRNewsWire

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...

10 months ago - PRNewsWire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire