National Security Group
Market Cap
US$30.0m
Last Updated
2020/10/24 00:44 UTC
Data Sources
Company Financials
Executive Summary
The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. More Details
Risk Analysis
Snowflake Analysis
Imperfect balance sheet and overvalued.
Share Price & News
How has National Security Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NSEC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
NSEC
2.0%
US Insurance
-0.4%
US Market
1 Year Return
-7.7%
NSEC
-9.5%
US Insurance
18.3%
US Market
Return vs Industry: NSEC exceeded the US Insurance industry which returned -11.5% over the past year.
Return vs Market: NSEC underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| NSEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 2.0% | -0.4% |
| 30 Day | 0% | 8.7% | 8.0% |
| 90 Day | n/a | 2.0% | 9.4% |
| 1 Year | -6.2%-7.7% | -7.0%-9.5% | 21.0%18.3% |
| 3 Year | -5.2%-9.5% | 2.7%-4.7% | 42.1%32.7% |
| 5 Year | -5.8%-12.1% | 40.5%22.7% | 85.6%64.7% |
Price Volatility Vs. Market
How volatile is National Security Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
How Much Did National Security Group's (NASDAQ:NSEC) CEO Pocket Last Year?3 months ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With The National Security Group, Inc.'s (NASDAQ:NSEC) Dividend?4 months ago | Simply Wall St
If You Had Bought National Security Group (NASDAQ:NSEC) Shares A Year Ago You'd Have Made 26%Valuation
Is National Security Group undervalued compared to its fair value and its price relative to the market?
0.62x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate NSEC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate NSEC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: NSEC is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.
PE vs Market: NSEC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NSEC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NSEC is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (0.9x).
Next Steps
Future Growth
How is National Security Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.6%
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as National Security Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of NSEC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Explore growth companies in the Insurance industry.
Past Performance
How has National Security Group performed over the past 5 years?
-38.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSEC is currently unprofitable.
Growing Profit Margin: NSEC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NSEC is unprofitable, and losses have increased over the past 5 years at a rate of 38.7% per year.
Accelerating Growth: Unable to compare NSEC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NSEC is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-3.3%).
Return on Equity
High ROE: NSEC has a negative Return on Equity (-6.97%), as it is currently unprofitable.
Next Steps
Financial Health
How is National Security Group's financial position?
Financial Position Analysis
Short Term Liabilities: NSEC's short term assets ($24.7M) do not cover its short term liabilities ($43.2M).
Long Term Liabilities: NSEC's short term assets ($24.7M) do not cover its long term liabilities ($61.1M).
Debt to Equity History and Analysis
Debt Level: NSEC's debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: NSEC's debt to equity ratio has reduced from 45.1% to 30.1% over the past 5 years.
Debt Coverage: NSEC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NSEC's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is National Security Group current dividend yield, its reliability and sustainability?
2.02%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NSEC's dividend (2.02%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: NSEC's dividend (2.02%) is low compared to the top 25% of dividend payers in the US market (4.67%).
Stability and Growth of Payments
Stable Dividend: NSEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: NSEC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: NSEC is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
17.8yrs
Average board tenure
CEO
Bill Brunson (62 yo)
20.75yrs
Tenure
US$330,292
Compensation
Mr. William Lister Brunson, Jr., also known as Bill, serves as a Director of National Security Group, Inc. since 1999 and as President and Chief Executive Officer of the National Security Group, Inc since ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD330.29K) is below average for companies of similar size in the US market ($USD589.01K).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.75yrs | US$330.29k | 17.63% $ 5.3m | |
| VP of Finance & Operations | 4.42yrs | US$277.67k | 1.23% $ 367.9k | |
| Independent Director | 44.42yrs | US$28.00k | 0.94% $ 282.4k | |
| Independent Chairman of the Board | 2.75yrs | US$28.50k | 0.45% $ 133.7k | |
| Director | 21.75yrs | US$237.81k | 2.88% $ 864.9k | |
| Independent Director | 24.42yrs | US$25.00k | 3.92% $ 1.2m | |
| Independent Director | 16.75yrs | US$26.00k | 0.76% $ 229.0k | |
| Independent Director | 18.75yrs | US$27.00k | 1.61% $ 484.6k | |
| Independent Director | 18.75yrs | US$25.00k | 0.41% $ 124.0k | |
| Independent Director | 4.42yrs | US$25.00k | 0.40% $ 119.1k | |
| Independent Director | 16.75yrs | US$23.00k | 0.33% $ 98.0k | |
| Independent Director | 3.42yrs | US$23.00k | 0.17% $ 51.9k |
17.8yrs
Average Tenure
64yo
Average Age
Experienced Board: NSEC's board of directors are seasoned and experienced ( 17.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NSEC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The National Security Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The National Security Group, Inc.
- Ticker: NSEC
- Exchange: NasdaqGM
- Founded: 1947
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$30.023m
- Shares outstanding: 2.53m
- Website: https://www.nationalsecuritygroup.com
Number of Employees
Location
- The National Security Group, Inc.
- 661 East Davis Street
- PO Box 703
- Elba
- Alabama
- 36323
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NSEC | NasdaqGM (Nasdaq Global Market) | Yes | Common Shares | US | USD | Dec 1972 |
Biography
The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. The company operates in two segments, Property and Casualty Insurance, and Li ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/24 00:44 |
| End of Day Share Price | 2020/10/09 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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 here.