National Western Life Group (NASDAQ:NWLI) Hits New 52-Week High at $492.45

National Western Life Group, Inc. (NASDAQ:NWLIGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $492.45 and last traded at $492.45, with a volume of 917 shares. The stock had previously closed at $491.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on National Western Life Group in a research note on Wednesday, March 27th. They set a “hold” rating on the stock.

View Our Latest Stock Analysis on NWLI

National Western Life Group Stock Performance

The company has a market capitalization of $1.79 billion, a P/E ratio of 18.44 and a beta of 0.71. The stock has a 50 day moving average price of $485.91 and a 200 day moving average price of $478.19.

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

Institutional Investors Weigh In On National Western Life Group

Several large investors have recently added to or reduced their stakes in NWLI. Glazer Capital LLC purchased a new stake in National Western Life Group in the 4th quarter worth about $44,735,000. Envestnet Asset Management Inc. purchased a new stake in National Western Life Group in the 1st quarter worth about $25,000. Hsbc Holdings PLC purchased a new stake in National Western Life Group in the 4th quarter worth about $11,931,000. Balyasny Asset Management L.P. increased its holdings in National Western Life Group by 186.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 31,537 shares of the financial services provider’s stock worth $15,233,000 after acquiring an additional 20,531 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new stake in National Western Life Group in the 4th quarter worth about $7,635,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

About National Western Life Group

(Get Free Report)

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.

Further Reading

Receive News & Ratings for National Western Life Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Western Life Group and related companies with MarketBeat.com's FREE daily email newsletter.