National Western Life Group (NASDAQ:NWLI) Research Coverage Started at StockNews.com

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

National Western Life Group Stock Performance

Shares of NWLI opened at $487.25 on Friday. The stock has a 50-day moving average of $487.63 and a two-hundred day moving average of $483.15. National Western Life Group has a one year low of $243.00 and a one year high of $493.00. The stock has a market cap of $1.77 billion, a P/E ratio of 18.25 and a beta of 0.71.

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

Hedge Funds Weigh In On National Western Life Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Glazer Capital LLC purchased a new position in shares of National Western Life Group in the 4th quarter valued at about $44,735,000. Hsbc Holdings PLC purchased a new position in shares of National Western Life Group in the 4th quarter valued at about $11,931,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of National Western Life Group in the 4th quarter valued at about $4,975,000. Allspring Global Investments Holdings LLC increased its stake in shares of National Western Life Group by 10.8% in 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 in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of National Western Life Group by 234.7% in the 4th quarter. New York Life Investment Management LLC now owns 4,903 shares of the financial services provider’s stock valued at $2,368,000 after purchasing an additional 3,438 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

About National Western Life Group

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.