Natixis bought a new position in shares of National Western Life Group, Inc. (NASDAQ:NWLI – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,520 shares of the financial services provider’s stock, valued at approximately $2,716,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Longfellow Investment Management Co. LLC acquired a new stake in shares of National Western Life Group in the 4th quarter valued at about $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of National Western Life Group in the 4th quarter valued at about $168,000. ProShare Advisors LLC acquired a new stake in shares of National Western Life Group in the 1st quarter valued at about $201,000. SG Americas Securities LLC purchased a new stake in National Western Life Group during the 4th quarter valued at approximately $209,000. Finally, Versor Investments LP purchased a new stake in National Western Life Group during the 4th quarter valued at approximately $239,000. 81.57% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on National Western Life Group in a report on Friday. They issued a “hold” rating for the company.
National Western Life Group Stock Performance
NWLI stock remained flat at $499.98 during midday trading on Friday. The company has a 50 day simple moving average of $494.51 and a 200-day simple moving average of $489.53. The stock has a market cap of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75. National Western Life Group, Inc. has a twelve month low of $403.17 and a twelve month high of $499.99.
National Western Life Group (NASDAQ:NWLI – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $20.82 earnings per share for the quarter. The company 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%.
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.
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