StockNews.com Initiates Coverage on National Western Life Group (NASDAQ:NWLI)

StockNews.com began coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report released on Saturday. The firm issued a hold rating on the financial services provider’s stock.

National Western Life Group Trading Down 0.1 %

National Western Life Group stock opened at $487.25 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of 18.25 and a beta of 0.71. National Western Life Group has a 12 month low of $243.00 and a 12 month high of $493.00. The stock has a 50-day moving average price of $487.63 and a two-hundred day moving average price of $483.15.

National Western Life Group (NASDAQ:NWLI) last posted its earnings results on Thursday, February 29th. The financial services provider reported ($3.46) EPS for the quarter. The firm had revenue of $207.87 million during the quarter. National Western Life Group had a net margin of 13.05% and a return on equity of 3.96%.

Hedge Funds Weigh In On National Western Life Group

Hedge funds have recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC bought a new position in shares of National Western Life Group during the fourth quarter worth about $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in National Western Life Group during the fourth quarter worth approximately $168,000. SG Americas Securities LLC acquired a new stake in National Western Life Group during the fourth quarter worth approximately $209,000. Assenagon Asset Management S.A. acquired a new stake in National Western Life Group during the third quarter worth approximately $225,000. Finally, Versor Investments LP acquired a new stake in National Western Life Group during the fourth quarter worth approximately $239,000. 81.57% of the stock is currently owned by institutional investors.

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.