National Western Life Group (NASDAQ:NWLI) Sets New 52-Week High at $499.45

National Western Life Group, Inc. (NASDAQ:NWLI)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $499.45 and last traded at $499.30, with a volume of 70344 shares trading hands. The stock had previously closed at $497.00.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of National Western Life Group in a research report on Saturday, June 15th. They set a “hold” rating on the stock.

National Western Life Group Stock Up 0.5 %

The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.29 and a beta of 0.75. The stock’s 50-day simple moving average is $491.04 and its 200 day simple moving average is $487.59.

National Western Life Group (NASDAQ:NWLI) last announced its earnings results on Thursday, May 9th. The financial services provider reported $20.82 earnings per share for the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%. The company had revenue of $197.57 million during the quarter.

Institutional Investors Weigh In On National Western Life Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of National Western Life Group by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,420 shares of the financial services provider’s stock worth $8,414,000 after buying an additional 67 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of National Western Life Group by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,790 shares of the financial services provider’s stock worth $881,000 after buying an additional 80 shares during the last quarter. Rhumbline Advisers raised its stake in shares of National Western Life Group by 2.2% during the third quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of National Western Life Group during the fourth quarter worth approximately $52,000. Finally, Deutsche Bank AG increased its stake in National Western Life Group by 16.9% in the third quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 159 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

National Western Life Group Company Profile

National Western Life Group, Inc, through its subsidiary, National Western Life Insurance Company, operates as a stock life insurance company in the United States, Brazil, Taiwan, Peru, Venezuela, Colombia, and internationally. It operates through Domestic Life Insurance, International Life Insurance, Annuities, and ONL and Affiliates segments.