The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NSEC exceeded the US Insurance industry which returned -12.1% over the past year.
Return vs Market: NSEC exceeded the US Market which returned 14.9% over the past year.
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
3 weeks ago | Simply Wall StAre Dividend Investors Getting More Than They Bargained For With The National Security Group, Inc.'s (NASDAQ:NSEC) Dividend?
2 months ago | Simply Wall StIf You Had Bought National Security Group (NASDAQ:NSEC) Shares A Year Ago You'd Have Made 26%
2 months ago | Simply Wall StDoes The National Security Group, Inc.'s (NASDAQ:NSEC) CEO Salary Compare Well With Others?
Is National Security Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) 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 poor value based on its PE Ratio (50.3x) compared to the US Insurance industry average (14.1x).
PE vs Market: NSEC is poor value based on its PE Ratio (50.3x) compared to the US market (17.8x).
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 (0.8x) compared to the US Insurance industry average (1x).
How is National Security Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
How has National Security Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSEC has high quality earnings.
Growing Profit Margin: NSEC's current net profit margins (1.2%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: NSEC's earnings have declined by 35.6% per year over the past 5 years.
Accelerating Growth: NSEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NSEC had negative earnings growth (-72.1%) over the past year, making it difficult to compare to the Insurance industry average (-5.5%).
Return on Equity
High ROE: NSEC's Return on Equity (1.5%) is considered low.
How is National Security Group's financial position?
Financial Position Analysis
Short Term Liabilities: NSEC's short term assets ($19.5M) do not cover its short term liabilities ($40.3M).
Long Term Liabilities: NSEC's short term assets ($19.5M) do not cover its long term liabilities ($60.2M).
Debt to Equity History and Analysis
Debt Level: NSEC's debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: NSEC's debt to equity ratio has reduced from 46.3% to 29% over the past 5 years.
Debt Coverage: NSEC's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: NSEC's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is National Security Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NSEC's dividend (1.58%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: NSEC's dividend (1.58%) is low compared to the top 25% of dividend payers in the US market (4.51%).
Stability and Growth of Payments
Stable Dividend: NSEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: NSEC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.9%), NSEC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Bill Brunson (62 yo)
Mr. William Lister Brunson, Jr., also known as Bill, serves as a Director of National Security Group, Inc. since 1999 and as President and Chief Executive Officer of the National Security Group, Inc since ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD330.29K) is below average for companies of similar size in the US market ($USD607.19K).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
|VP of Finance & Operations||4.25yrs||US$277.67k||1.23% |
|Independent Director||44.25yrs||US$28.00k||0.94% |
|Independent Chairman of the Board||2.58yrs||US$28.50k||0.45% |
|Independent Director||24.25yrs||US$25.00k||3.9% |
|Independent Director||16.58yrs||US$26.00k||0.76% |
|Independent Director||18.58yrs||US$27.00k||1.62% |
|Independent Director||18.58yrs||US$25.00k||0.41% |
|Independent Director||4.25yrs||US$25.00k||0.40% |
|Independent Director||16.58yrs||US$23.00k||0.33% |
|Independent Director||3.25yrs||US$23.00k||0.17% |
Experienced Board: NSEC's board of directors are seasoned and experienced ( 17.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The National Security Group, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: The National Security Group, Inc.
- Ticker: NSEC
- Exchange: NasdaqGM
- Founded: 1947
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$38.454m
- Shares outstanding: 2.53m
- Website: https://www.nationalsecuritygroup.com
Number of Employees
- The National Security Group, Inc.
- 661 East Davis Street
- PO Box 703
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NSEC||NasdaqGM (Nasdaq Global Market)||Yes||Common Shares||US||USD||Dec 1972|
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||2020/08/03 23:39|
|End of Day Share Price||2020/07/16 00:00|