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National Security Group

Nasdaq:NSEC
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NSEC
Nasdaq
$31M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

The National Security Group, Inc., an insurance holding company, provides insurance products and services in the United States. The last earnings update was 1 day ago. More info.


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NSEC Share Price and Events
7 Day Returns
6%
NasdaqGM:NSEC
0.5%
US Insurance
0.4%
US Market
1 Year Returns
-0.9%
NasdaqGM:NSEC
15.8%
US Insurance
13.1%
US Market
NSEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
National Security Group (NSEC) 6% -3.7% 8.3% -0.9% -29% -10.8%
US Insurance 0.5% 1.4% 3.2% 15.8% 27.9% 46.3%
US Market 0.4% 4% 7.4% 13.1% 38.6% 44.6%
1 Year Return vs Industry and Market
  • NSEC underperformed the Insurance industry which returned 15.8% over the past year.
  • NSEC underperformed the Market in United States of America which returned 13.1% over the past year.
Price Volatility
NSEC
Industry
5yr Volatility vs Market

Value

 Is National Security Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for National Security Group. This is due to cash flow or dividend data being unavailable. The share price is $12.39.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for National Security Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are National Security Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:NSEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.49
NasdaqGM:NSEC Share Price ** NasdaqGM (2019-11-13) in USD $12.39
United States of America Insurance Industry PE Ratio Median Figure of 88 Publicly-Listed Insurance Companies 17.08x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of National Security Group.

NasdaqGM:NSEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:NSEC Share Price ÷ EPS (both in USD)

= 12.39 ÷ 0.49

25.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Security Group is overvalued based on earnings compared to the US Insurance industry average.
  • National Security Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does National Security Group's expected growth come at a high price?
Raw Data
NasdaqGM:NSEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
25.4%per year
United States of America Insurance Industry PEG Ratio Median Figure of 64 Publicly-Listed Insurance Companies 0.92x
United States of America Market PEG Ratio Median Figure of 2,028 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for National Security Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on National Security Group's assets?
Raw Data
NasdaqGM:NSEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $20.60
NasdaqGM:NSEC Share Price * NasdaqGM (2019-11-13) in USD $12.39
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqGM:NSEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:NSEC Share Price ÷ Book Value per Share (both in USD)

= 12.39 ÷ 20.60

0.6x

* Primary Listing of National Security Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • National Security Group is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess National Security Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. National Security Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is National Security Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover National Security Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is National Security Group expected to grow at an attractive rate?
  • National Security Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • National Security Group's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare National Security Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:NSEC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:NSEC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 25.4%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:NSEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:NSEC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 66 2 1
2019-06-30 67 2 2
2019-03-31 67 4 3
2018-12-31 65 3 1
2018-09-30 65 6 3
2018-06-30 65 5 1
2018-03-31 65 3 0
2017-12-31 66 2 -1
2017-09-30 66 -2 -2
2017-06-30 67 -1 0
2017-03-31 67 2 2
2016-12-31 67 1 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • National Security Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if National Security Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:NSEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from National Security Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:NSEC Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.49
2019-06-30 0.68
2019-03-31 1.09
2018-12-31 0.31
2018-09-30 0.99
2018-06-30 0.41
2018-03-31 -0.16
2017-12-31 -0.48
2017-09-30 -0.78
2017-06-30 -0.19
2017-03-31 0.72
2016-12-31 1.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if National Security Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess National Security Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
National Security Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has National Security Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare National Security Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • National Security Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • National Security Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • National Security Group's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
National Security Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from National Security Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:NSEC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 66.10 1.23 8.74
2019-06-30 66.93 1.71 8.92
2019-03-31 66.93 2.75 9.17
2018-12-31 64.86 0.78 8.84
2018-09-30 65.39 2.50 9.49
2018-06-30 64.96 1.04 9.48
2018-03-31 65.24 -0.42 9.03
2017-12-31 65.64 -1.20 8.82
2017-09-30 66.20 -1.98 9.09
2017-06-30 66.69 -0.49 8.72
2017-03-31 66.85 1.81 8.66
2016-12-31 66.89 3.06 9.00
2016-09-30 65.91 4.32 9.05
2016-06-30 64.91 5.00 8.75
2016-03-31 64.36 4.33 8.71
2015-12-31 64.05 4.70 8.62
2015-09-30 63.32 6.43 9.15
2015-06-30 62.69 6.61 9.14
2015-03-31 62.13 7.93 9.43
2014-12-31 61.14 7.62 9.43
2014-09-30 60.47 6.49 8.52
2014-06-30 62.63 8.04 8.92
2014-03-31 62.00 7.07 8.67
2013-12-31 61.16 5.66 8.44
2013-09-30 60.56 4.63 8.56
2013-06-30 58.91 0.66 8.40
2013-03-31 58.66 -7.61 8.07
2012-12-31 59.52 -6.67 8.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • National Security Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • National Security Group used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
  • National Security Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess National Security Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
National Security Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is National Security Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up National Security Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • National Security Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • National Security Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of National Security Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from National Security Group Company Filings, last reported 1 month ago.

NasdaqGM:NSEC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 52.14 14.36 9.23
2019-06-30 51.05 14.54 5.77
2019-03-31 49.94 14.56 7.55
2018-12-31 45.87 14.59 5.78
2018-09-30 46.84 15.42 5.26
2018-06-30 46.40 15.49 4.65
2018-03-31 46.73 15.58 5.69
2017-12-31 47.63 16.25 6.75
2017-09-30 47.12 17.39 9.88
2017-06-30 47.52 17.50 8.11
2017-03-31 48.02 17.55 8.23
2016-12-31 48.05 18.16 7.48
2016-09-30 50.20 18.60 5.63
2016-06-30 49.18 19.50 4.17
2016-03-31 46.77 19.53 4.27
2015-12-31 44.88 19.38 6.87
2015-09-30 44.91 19.61 10.75
2015-06-30 43.63 19.70 8.49
2015-03-31 44.21 20.49 7.13
2014-12-31 42.76 20.81 6.45
2014-09-30 39.76 22.79 8.59
2014-06-30 38.37 23.49 6.20
2014-03-31 35.39 23.34 6.76
2013-12-31 33.47 23.65 5.01
2013-09-30 32.30 23.90 5.62
2013-06-30 29.28 27.99 3.86
2013-03-31 30.33 28.37 2.77
2012-12-31 30.23 28.15 6.82
  • National Security Group's level of debt (27.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.2% vs 27.5% today).
  • Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess National Security Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. National Security Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is National Security Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.94%
Current annual income from National Security Group dividends.
If you bought $2,000 of National Security Group shares you are expected to receive $39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • National Security Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • National Security Group's dividend is below the markets top 25% of dividend payers in United States of America (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:NSEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1949 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:NSEC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-21 0.240 1.889
2019-07-29 0.200 1.755
2019-04-15 0.200 1.676
2019-01-22 0.200 1.660
2018-10-23 0.200 1.565
2018-07-26 0.200 1.315
2018-04-16 0.200 1.250
2018-01-24 0.200 1.254
2017-10-23 0.200 1.346
2017-07-25 0.200 1.535
2017-04-24 0.200 1.366
2017-01-24 0.200 1.214
2016-10-24 0.180 1.039
2016-07-18 0.180 0.960
2016-04-11 0.180 1.080
2016-01-25 0.180 1.182
2015-10-26 0.160 1.107
2015-07-27 0.160 1.142
2015-04-10 0.160 1.057
2015-01-20 0.160 1.153
2014-10-24 0.120 0.866
2014-08-04 0.120 0.980
2013-10-22 0.100 1.052
2013-07-24 0.100 1.484
2013-04-19 0.100 1.324
2013-01-22 0.100 1.213
2012-10-31 0.100 1.244
2012-08-07 0.400 4.782
2012-04-18 0.400 4.609
2012-01-24 0.400 4.340
2011-11-01 0.400 4.582
2011-07-26 0.600 5.568
2011-01-25 0.600 4.850
2010-10-25 0.600 5.046
2010-07-21 0.600 5.279
2010-04-20 0.600 4.692
2010-01-25 0.600 4.720
2009-10-21 0.600 6.407
2009-07-30 0.600 7.302
2009-04-28 0.600 7.321
2009-01-20 0.600 8.415

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of National Security Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess National Security Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can National Security Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. National Security Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of National Security Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Brunson
COMPENSATION $333,504
AGE 61
TENURE AS CEO 19.8 years
CEO Bio

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 2000. He also holds the position of President of The National Security Insurance Company (NSIC). He joined National Security Group, Inc. in 1983. Mr. Brunson is also a Director of The National Security Fire & Casualty Company (NSFC), NATSCO, Inc. (NATSCO), NSIC, Omega One Insurance Company (Omega One). Mr. Brunson is a member of the Alabama State Bar.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Bill Brunson

TITLE
President
COMPENSATION
$334K
AGE
61
TENURE
19.8 yrs

Brian McLeod

TITLE
VP of Finance & Operations
COMPENSATION
$284K
AGE
50

Jack Brunson

TITLE
Director
COMPENSATION
$239K
AGE
63
TENURE
22.8 yrs

Betty Brunson

TITLE
Human Resources Director

Laura Jordan

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the National Security Group board of directors in years:

17.8
Average Tenure
63.5
Average Age
  • The average tenure for the National Security Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Walter Wilkerson

TITLE
Chairman of the Board
COMPENSATION
$29K
AGE
71
TENURE
1.8 yrs

Bill Brunson

TITLE
President
COMPENSATION
$334K
AGE
61
TENURE
20.8 yrs

Brian McLeod

TITLE
VP of Finance & Operations
COMPENSATION
$284K
AGE
50
TENURE
3.5 yrs

Jack Brunson

TITLE
Director
COMPENSATION
$239K
AGE
63
TENURE
20.8 yrs

Mickey Murdock

TITLE
Independent Director
COMPENSATION
$28K
AGE
77
TENURE
43.5 yrs

Fred Clark

TITLE
Independent Director
COMPENSATION
$25K
AGE
59
TENURE
23.5 yrs

Fleming Brooks

TITLE
Independent Director
COMPENSATION
$23K
AGE
74
TENURE
15.8 yrs

Frank O'Neil

TITLE
Independent Director
COMPENSATION
$26K
AGE
66
TENURE
15.8 yrs

Donald Pittman

TITLE
Independent Director
COMPENSATION
$27K
AGE
59
TENURE
17.8 yrs

Paul Wesch

TITLE
Independent Director
COMPENSATION
$25K
AGE
64
TENURE
17.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by National Security Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Oct 19 Buy Fred Clark Individual 08. Oct 19 08. Oct 19 31 $11.75 $361
09. Oct 19 Buy Fred Clark Individual 07. Oct 19 09. Oct 19 9,782 $12.95 $118,222
11. Sep 19 Buy Meridian Investments, LLC Company 09. Sep 19 09. Sep 19 18 $11.50 $207
20. Jun 19 Buy Brian McLeod Individual 18. Jun 19 20. Jun 19 232 $12.18 $2,791
16. May 19 Buy Meridian Investments, LLC Company 14. May 19 14. May 19 5,505 $14.27 $69,313
10. Apr 19 Buy Brian McLeod Individual 08. Apr 19 08. Apr 19 1,000 $11.93 $11,925
22. Mar 19 Buy Brian McLeod Individual 20. Mar 19 21. Mar 19 141 $12.50 $1,763
14. Dec 18 Sell Meridian Investments, LLC Company 14. Nov 18 03. Dec 18 -1,581 $12.70 $-19,859
29. Nov 18 Buy Fred Clark Individual 28. Nov 18 28. Nov 18 1,360 $13.50 $18,360
21. Nov 18 Buy Brian McLeod Individual 20. Nov 18 20. Nov 18 200 $12.51 $2,502
X
Management checks
We assess National Security Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. National Security Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Investors Who Bought National Security Group (NASDAQ:NSEC) Shares Three Years Ago Are Now Down 41%

Unfortunately, that's been the case for longer term The National Security Group, Inc. … (NASDAQ:NSEC) shareholders, since the share price is down 41% in the last three years, falling well short of the market return of around 40%. … A Different Perspective While the broader market lost about 0.8% in the twelve months, National Security Group shareholders did even worse, losing 26% (even including dividends).

Simply Wall St -

The National Security Group, Inc. (NASDAQ:NSEC) Pays A 0.4% In Just 4

Based on the last year's worth of payments, National Security Group stock has a trailing yield of around 1.7% on the current share price of $11.4999. … View our latest analysis for National Security Group If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. … National Security Group's dividend payments per share have declined at 14% per year on average over the past 10 years, which is uninspiring.

Simply Wall St -

Is The National Security Group, Inc. (NASDAQ:NSEC) A Great Dividend Stock?

Dividend paying stocks like The National Security Group, Inc. … (NASDAQ:NSEC) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. While National Security Group's 1.8% dividend yield is not the highest, we think its lengthy payment history is quite interesting. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. We'll run through some checks below to help with this. Click the interactive chart for our full dividend analysis NasdaqGM:NSEC Historical Dividend Yield, July 16th 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. National Security Group paid out 18% of its profit as dividends, over the trailing twelve month period. With a low payout ratio, it looks like the dividend is comprehensively covered by earnings. Dividend Volatility One of the major risks of relying on dividend income, is the potential for a company to struggle financially and cut its dividend. Not only is your income cut, but the value of your investment declines as well - nasty. National Security Group has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. Its dividend payments have fallen by 20% or more on at least one occasion over the past ten years. During the past ten-year period, the first annual payment was US$0.90 in 2009, compared to US$0.20 last year. The dividend has fallen 78% over that period. When a company's per-share dividend falls we question if this reflects poorly on either the business or management. Either way, we find it hard to get excited about a company with a declining dividend. Dividend Growth Potential Given that dividend payments have been shrinking like a glacier in a warming world, we need to check if there are some bright spots on the horizon. In the last five years, National Security Group's earnings per share have shrunk at approximately 14% per annum. Declining earnings per share over a number of years is not a great sign for the dividend investor. Without some improvement, this does not bode well for the long term value of a company's dividend. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than National Security Group out there.

Simply Wall St -

Here's Why National Security Group (NASDAQ:NSEC) Has A Meaningful Debt Burden

NasdaqGM:NSEC Historical Debt, June 20th 2019 How Healthy Is National Security Group's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching National Security Group's balance sheet over time. … During the last three years, National Security Group generated free cash flow amounting to a very robust 96% of its EBIT, more than we'd expect.

Simply Wall St -

What Kind Of Investor Owns Most Of The National Security Group, Inc. (NASDAQ:NSEC)?

View our latest analysis for National Security Group NasdaqGM:NSEC Ownership Summary, May 30th 2019 What Does The Institutional Ownership Tell Us About National Security Group? … National Security Group already has institutions on the share registry. … Insider Ownership Of National Security Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Should You Worry About The National Security Group, Inc.'s (NASDAQ:NSEC) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Bill Brunson's Compensation Compare With Similar Sized Companies. … is worth US$30m, and total annual CEO compensation is US$334k.

Simply Wall St -

Consider This Before Buying The National Security Group, Inc. (NASDAQ:NSEC) For The 1.7% Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Let's take a look at National Security Group in more detail. … Check out our latest analysis for National Security Group

Simply Wall St -

Could The The National Security Group, Inc. (NASDAQ:NSEC) Ownership Structure Tell Us Something Useful?

Every investor in The National Security Group, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … National Security Group is a smaller company with a market capitalization of US$32m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

The National Security Group, Inc. (NASDAQ:NSEC): Ex-Dividend Is In 2 Days

Investors who want to cash in on The National Security Group, Inc.'s (NASDAQ:NSEC) upcoming dividend of US$0.05 per share have only 2 days left to buy the shares before its ex-dividend date, 01 February 2019, in time for dividends payable on the 28 February 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into National Security Group's latest financial data to analyse its dividend attributes. … View our latest analysis for National Security Group?

Simply Wall St -

Is The National Security Group, Inc.'s (NASDAQ:NSEC) CEO Paid At A Competitive Rate?

In 2000 Bill Brunson was appointed CEO of The National Security Group, Inc. … How Does Bill Brunson's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

Company Info

Description

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 Life Insurance. The Property and Casualty 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 services 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 Life Insurance segment offers ordinary life, accident and health, supplemental hospital, and cancer insurance products in Alabama, Florida, Georgia, Mississippi, South Carolina, Tennessee, and Texas. The company distributes its products through independent agents, home service agents, and brokers. The National Security Group, Inc. was founded in 1947 and is based in Elba, Alabama.

Details
Name: The National Security Group, Inc.
NSEC
Exchange: NasdaqGM
Founded: 1947
$31,365,929
2,531,552
Website: http://www.nationalsecuritygroup.com
Address: The National Security Group, Inc.
661 East Davis Street,
PO Box 703,
Elba,
Alabama, 36323,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM NSEC Common Shares Nasdaq Global Market US USD 14. Dec 1972
Number of employees
Current staff
Staff numbers
81
National Security Group employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 23:39
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.