National Western Life Group (NASDAQ:NWLI) Research Coverage Started at StockNews.com

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

National Western Life Group Stock Up 0.1 %

Shares of NASDAQ NWLI opened at $499.98 on Thursday. National Western Life Group has a 52 week low of $403.17 and a 52 week high of $499.99. The firm has a 50-day moving average price of $493.79 and a 200 day moving average price of $489.14. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 11.35 and a beta of 0.75.

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

Hedge Funds Weigh In On National Western Life Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in National Western Life Group by 880.4% during the second quarter. SG Americas Securities LLC now owns 2,755 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 2,474 shares during the last quarter. Adalta Capital Management LLC acquired a new position in National Western Life Group during the first quarter worth about $153,000. Janus Henderson Group PLC raised its position in National Western Life Group by 36.1% during the first quarter. Janus Henderson Group PLC now owns 23,481 shares of the financial services provider’s stock worth $11,541,000 after acquiring an additional 6,223 shares during the last quarter. Blackstone Inc. raised its position in National Western Life Group by 141.9% during the first quarter. Blackstone Inc. now owns 2,008 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 1,178 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in 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 acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.