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

Stock analysts at StockNews.com began coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research note issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

National Western Life Group Price Performance

Shares of NASDAQ NWLI opened at $491.96 on Wednesday. The stock has a market cap of $1.79 billion, a PE ratio of 18.43 and a beta of 0.70. National Western Life Group has a 1 year low of $226.62 and a 1 year high of $492.40. The firm has a fifty day moving average price of $485.40 and a 200-day moving average price of $477.08.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NWLI. Dimensional Fund Advisors LP raised its position in shares of National Western Life Group by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 230,779 shares of the financial services provider’s stock valued at $55,990,000 after buying an additional 3,898 shares during the last quarter. Vanguard Group Inc. grew its stake in National Western Life Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,609 shares of the financial services provider’s stock valued at $92,551,000 after acquiring an additional 1,530 shares in the last quarter. BlackRock Inc. increased its holdings in National Western Life Group by 0.3% in the 1st quarter. BlackRock Inc. now owns 178,341 shares of the financial services provider’s stock valued at $43,269,000 after acquiring an additional 513 shares during the last quarter. Glazer Capital LLC purchased a new stake in National Western Life Group in the 4th quarter worth $44,735,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of National Western Life Group by 10.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock valued at $42,938,000 after purchasing an additional 8,681 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other 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.