National Western Life Group (NASDAQ:NWLI) Earns Hold Rating from Analysts at StockNews.com

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

National Western Life Group Stock Performance

Shares of NWLI opened at $488.11 on Wednesday. The stock has a fifty day moving average of $489.66 and a two-hundred day moving average of $485.15. The company has a market capitalization of $1.78 billion, a PE ratio of 11.08 and a beta of 0.71. National Western Life Group has a fifty-two week low of $367.51 and a fifty-two week high of $493.00.

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 for the quarter. The business had revenue of $207.87 million during the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%.

Institutional Trading of National Western Life Group

A number of institutional investors and hedge funds have recently made changes to their positions in NWLI. Bank of New York Mellon Corp increased its holdings in shares of National Western Life Group by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 16,382 shares of the financial services provider’s stock worth $7,167,000 after buying an additional 597 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of National Western Life Group during the 3rd quarter worth $225,000. Deutsche Bank AG increased its holdings in shares of National Western Life Group by 16.9% during the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after buying an additional 159 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of National Western Life Group by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares during the last quarter. Finally, FCA Corp TX increased its holdings in shares of National Western Life Group by 2.1% during the 3rd quarter. FCA Corp TX now owns 10,563 shares of the financial services provider’s stock worth $4,621,000 after buying an additional 217 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.