This company has been acquired

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NSEC Stock Overview

The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. More details

NSEC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	2/6

Rewards

Became profitable this year

Risk Analysis

Earnings have declined by 32.5% per year over past 5 years

Does not have a meaningful market cap ($41M)

Community vs My Fair Value

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The National Security Group, Inc. Competitors

ICC Holdings

NasdaqCM:ICCH

US$69.9m

Heritage Insurance Holdings

NYSE:HRTG

US$345.2m

Investors Title

NasdaqGS:ITIC

US$435.9m

Kingsway Financial Services

NYSE:KFS

US$215.1m

Price History & Performance

Summary of share price highs, lows and changes for National Security Group
Historical stock prices
Current Share Price	US$16.36
52 Week High	US$16.48
52 Week Low	US$8.91
Beta	-0.38
1 Month Change	0.80%
3 Month Change	1.81%
1 Year Change	40.24%
3 Year Change	39.23%
5 Year Change	14.81%
Change since IPO	93.10%

Recent updates

National Security Group (NASDAQ:NSEC) Will Pay A Dividend Of US$0.06

Oct 28

National Security Group's (NASDAQ:NSEC) Dividend Will Be US$0.06

Aug 04

Here's Why Shareholders Should Examine The National Security Group, Inc.'s (NASDAQ:NSEC) CEO Compensation Package More Closely

May 15

It Might Not Be A Great Idea To Buy The National Security Group, Inc. (NASDAQ:NSEC) For Its Next Dividend

Feb 01

Read This Before Buying The National Security Group, Inc. (NASDAQ:NSEC) For Its Dividend

Dec 11

National Security Group reports Q3 results

Nov 13

Shareholder Returns

	NSEC	US Insurance	US Market
7D	0.1%	-1.2%	-3.7%
1Y	40.2%	17.2%	6.9%

Return vs Industry: NSEC exceeded the US Insurance industry which returned 1.4% over the past year.

Return vs Market: NSEC exceeded the US Market which returned -20.8% over the past year.

Price Volatility

Is NSEC's price volatile compared to industry and market?
NSEC volatility
NSEC Average Weekly Movement	1.0%
Insurance Industry Average Movement	4.2%
Market Average Movement	6.4%
10% most volatile stocks in US Market	17.2%
10% least volatile stocks in US Market	3.3%

Stable Share Price: NSEC has not had significant price volatility in the past 3 months.

Volatility Over Time: NSEC's weekly volatility has decreased from 14% to 1% over the past year.

About the Company

Founded	Employees	CEO	Website
1947	72	Bill Brunson	www.nationalsecuritygroup.com

The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. It operates in two segments, Property and Casualty (P&C) Insurance, and Life Insurance. The P&C Insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, mobile homeowners, and other liability insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia, as well as operates on a surplus lines basis in the state of Louisiana.

The National Security Group, Inc. Fundamentals Summary

How do National Security Group's earnings and revenue compare to its market cap?
NSEC fundamental statistics
Market cap	US$41.43m
Earnings (TTM)	US$823.00k
Revenue (TTM)	US$66.13m

50.3x

P/E Ratio

0.6x

P/S Ratio

Is NSEC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NSEC income statement (TTM)
Revenue	US$66.13m
Cost of Revenue	US$52.30m
Gross Profit	US$13.83m
Other Expenses	US$13.01m
Earnings	US$823.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.32
Gross Margin	20.91%
Net Profit Margin	1.24%
Debt/Equity Ratio	32.7%

How did NSEC perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

74%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/06/30 00:16
End of Day Share Price	2022/06/30 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The National Security Group, Inc. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.