Midwest Holding Inc. is a financial services company focused on providing technology-enabled and services-oriented solutions to distributors and reinsurers of annuity and life insurance products in the United States. Midwest provides an end-to-end solution to manage annuity and life insurance policies that includes a broad set of product development, distribution support, policy administration, and asset liability management services. Midwest sells, underwrites, and markets annuity products in 20 states and the District of Columbiathrough its subsidiary American Life & Security Corp. Midwest also provides reinsurance management and asset management services as a comprehensive solution for reinsurers.
Company profile
Ticker
MDWT
Exchange
Website
CEO
A. Michael Salem / Michael W. Minnich
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MIDWEST HOLDING INC
SEC CIK
Corporate docs
Subsidiaries
American Life & Security Corp. • 1505 Capital LLC • Seneca Reinsurance Company, LLC • Seneca Incorporate Cell, LLC • Midwest Capital Corporation ...
MDWT stock data
Latest filings (excl ownership)
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
25 Nov 22
10-Q
2022 Q3
Quarterly report
14 Nov 22
8-K
Departure of Directors or Certain Officers
4 Oct 22
8-K
Entry into a Material Definitive Agreement
22 Sep 22
8-K
Midwest Holding Inc. Reports Second Quarter 2022 Results
15 Aug 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
8-K
Departure of Directors or Certain Officers
1 Aug 22
S-8
Registration of securities for employees
8 Jul 22
8-K
Departure of Directors or Certain Officers
8 Jul 22
8-K
Departure of Directors or Certain Officers
21 Jun 22
Latest ownership filings
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
6 Feb 23
SC 13G/A
WELLINGTON TRUST Co N A
6 Feb 23
SC 13G/A
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio
6 Feb 23
4
Change in insider ownership
26 Sep 22
4
David M Knott Jr
26 Sep 22
4
Change in insider ownership
2 Sep 22
4
David M Knott Jr
2 Sep 22
4
Change in insider ownership
26 Aug 22
4
David M Knott Jr
26 Aug 22
3
Initial statement of insider ownership
22 Aug 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Institutional ownership, Q3 2022
40.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 21 |
| Opened positions | 2 |
| Closed positions | 1 |
| Increased positions | 4 |
| Reduced positions | 4 |
| 13F shares | Current |
|---|---|
| Total value | 23.04 mm |
| Total shares | 1.52 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Knott David M Jr | 390.24 k | $5.16 mm |
| Knott Partners | 243.94 k | $4.28 mm |
| WELLINGTON TRUST Co N A | 238.10 k | $4.18 mm |
| Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 202.60 k | $3.56 mm |
| Raymond James & Associates | 106.00 k | $1.40 mm |
| TFO USA | 99.59 k | $1.32 mm |
| Vanguard | 84.11 k | $1.11 mm |
| Gradient Investments | 82.23 k | $1.09 mm |
| Geode Capital Management | 15.59 k | $206.00 k |
| RBF Capital | 14.25 k | $189.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 23 Sep 22 | Knott David M Jr | Common Stock | Buy | Acquire P | Yes | No | 14.5511 | 8,075 | 117.50 k | 390,241 |
| 23 Sep 22 | Knott Partners | Common Stock | Buy | Acquire P | No | No | 14.5511 | 8,075 | 117.50 k | 390,241 |
| 22 Sep 22 | Knott David M Jr | Common Stock | Buy | Acquire P | Yes | No | 14.6 | 2,037 | 29.74 k | 382,166 |
| 22 Sep 22 | Knott Partners | Common Stock | Buy | Acquire P | No | No | 14.6 | 2,037 | 29.74 k | 382,166 |
| 31 Aug 22 | Knott David M Jr | Common Stock | Buy | Acquire P | Yes | No | 14.6 | 1,900 | 27.74 k | 380,129 |
| 31 Aug 22 | Knott Partners | Common Stock | Buy | Acquire P | No | No | 14.6 | 1,900 | 27.74 k | 380,129 |
| 24 Aug 22 | Knott Partners | Common Stock | Buy | Acquire P | No | No | 14.5 | 927 | 13.44 k | 378,229 |
News
Midwest Holding's Earnings: A Preview
24 Mar 23
Insurance Stocks Moving In Tuesday's Intraday Session
7 Mar 23
Insurance Stocks Moving In Wednesday's Intraday Session
1 Feb 23
Insurance Stocks Moving In Tuesday's Intraday Session
24 Jan 23
Insurance Stocks Moving In Wednesday's Intraday Session
4 Jan 23