National Western Life Group (NASDAQ:NWLI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research note published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

National Western Life Group Price Performance

Shares of NASDAQ NWLI opened at $499.98 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 11.35 and a beta of 0.75. National Western Life Group has a 52-week low of $403.17 and a 52-week high of $499.99. The business has a 50-day moving average price of $494.99 and a 200 day moving average price of $489.85.

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 (EPS) for the quarter. The firm had revenue of $197.57 million during the quarter. National Western Life Group had a return on equity of 6.40% and a net margin of 20.22%.

Institutional Trading of National Western Life Group

A number of large investors have recently made changes to their positions in the company. Glazer Capital LLC purchased a new stake in National Western Life Group during the 4th quarter valued at approximately $44,735,000. Hsbc Holdings PLC purchased a new stake in National Western Life Group during the 4th quarter valued at approximately $11,931,000. Vanguard Group Inc. raised its stake in National Western Life Group by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 209,149 shares of the financial services provider’s stock valued at $102,893,000 after acquiring an additional 17,540 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in National Western Life Group by 122.9% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,960 shares of the financial services provider’s stock valued at $11,295,000 after acquiring an additional 12,660 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in National Western Life Group by 447.8% during the 1st quarter. Gabelli Funds LLC now owns 10,956 shares of the financial services provider’s stock valued at $5,390,000 after acquiring an additional 8,956 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

About National Western Life Group

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.