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

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

National Western Life Group Stock Up 0.1 %

Shares of NASDAQ NWLI traded up $0.38 during midday trading on Friday, reaching $499.98. 98,800 shares of the company were exchanged, compared to its average volume of 19,525. National Western Life Group has a one year low of $403.17 and a one year high of $499.99. The stock has a market cap of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75. The stock’s 50-day moving average price is $496.17 and its 200-day moving average price is $490.44.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of National Western Life Group by 10.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock worth $42,938,000 after acquiring an additional 8,681 shares during the last quarter. DLD Asset Management LP acquired a new position in shares of National Western Life Group in the 4th quarter worth approximately $1,063,000. Glazer Capital LLC bought a new stake in shares of National Western Life Group in the 4th quarter valued at $44,735,000. Deuterium Capital Management LLC acquired a new stake in shares of National Western Life Group during the first quarter worth $1,156,000. Finally, ACR Alpine Capital Research LLC bought a new position in National Western Life Group during the fourth quarter worth $812,000. 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.