According to Zacks, “Midwest Holding Inc. is a financial services company. It is focused on providing technology-enabled and services-oriented solutions to distributors and reinsurers of annuity and life insurance products principally in the United States. The company provides an end-to-end solution to manage annuity and life insurance policies which includes product development, distribution support, policy administration, and asset liability management services. Midwest Holding Inc. is based in LINCOLN, Neb. “
Separately, Piper Sandler cut their price objective on shares of Midwest from $50.00 to $41.00 in a research report on Wednesday, January 5th.
Midwest (NASDAQ:MDWT) last released its quarterly earnings results on Thursday, November 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $10.81 million for the quarter, compared to analysts’ expectations of $10.20 million. As a group, research analysts anticipate that Midwest will post 1.05 EPS for the current year.
A number of institutional investors have recently made changes to their positions in MDWT. Morgan Stanley increased its holdings in shares of Midwest by 33,075.0% in the 1st quarter. Morgan Stanley now owns 1,327 shares of the company’s stock valued at $66,000 after purchasing an additional 1,323 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Midwest by 3,522.5% in the 3rd quarter. BlackRock Inc. now owns 6,774 shares of the company’s stock valued at $263,000 after purchasing an additional 6,587 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Midwest by 12.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 10,000 shares of the company’s stock valued at $389,000 after purchasing an additional 1,100 shares in the last quarter. Frontier Wealth Management LLC increased its holdings in shares of Midwest by 159.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 17,291 shares of the company’s stock valued at $678,000 after purchasing an additional 10,625 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Midwest by 3,226.2% in the 2nd quarter. Deutsche Bank AG now owns 20,090 shares of the company’s stock valued at $788,000 after purchasing an additional 19,486 shares in the last quarter. Institutional investors own 32.74% of the company’s stock.
Midwest Company Profile
Midwest Holding, Inc engages in the provision of insurance services. It offers underwriting and marketing of life insurance and annuity products. The company was founded by Rick D. Meyer and Travis R. Meyer on October 31, 2003 and is headquartered in Lincoln, NE.
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