Ameriprise Financial Inc. reduced its position in National Western Life Group, Inc. (NASDAQ:NWLI) by 24.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,695 shares of the financial services provider’s stock after selling 10,378 shares during the period. Ameriprise Financial Inc. owned about 0.87% of National Western Life Group worth $10,130,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NWLI. First Trust Advisors LP acquired a new position in National Western Life Group in the 2nd quarter worth about $1,749,000. Fiera Capital Corp increased its position in National Western Life Group by 38.2% in the 2nd quarter. Fiera Capital Corp now owns 13,274 shares of the financial services provider’s stock worth $4,242,000 after purchasing an additional 3,669 shares during the last quarter. Spark Investment Management LLC acquired a new position in National Western Life Group in the 2nd quarter worth about $447,000. AXA acquired a new position in National Western Life Group in the 2nd quarter worth about $447,000. Finally, Prudential Financial Inc. increased its position in National Western Life Group by 10.8% in the 2nd quarter. Prudential Financial Inc. now owns 14,271 shares of the financial services provider’s stock worth $4,561,000 after purchasing an additional 1,394 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors.

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National Western Life Group, Inc. (NASDAQ:NWLI) opened at 364.78 on Friday. The firm has a 50-day moving average price of $342.77 and a 200 day moving average price of $325.27. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 12.47 and a beta of 1.47. National Western Life Group, Inc. has a 12 month low of $208.00 and a 12 month high of $365.39.

Separately, BidaskClub raised National Western Life Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.

About National Western Life Group

National Western Life Insurance Company (National Western) is a stock life insurance company. The Company operates in two segments: Domestic Insurance Operations and International Insurance Operations. The products marketed under domestic insurance operations are annuities, universal life insurance and traditional life insurance, which include both term and whole life products.

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Institutional Ownership by Quarter for National Western Life Group (NASDAQ:NWLI)

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