Gabelli Funds LLC Raises Holdings in National Western Life Group, Inc. (NASDAQ:NWLI)

Gabelli Funds LLC increased its position in National Western Life Group, Inc. (NASDAQ:NWLI) by 447.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,956 shares of the financial services provider’s stock after acquiring an additional 8,956 shares during the quarter. Gabelli Funds LLC owned about 0.30% of National Western Life Group worth $5,390,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of National Western Life Group by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 209,149 shares of the financial services provider’s stock valued at $102,893,000 after purchasing an additional 17,540 shares during the period. Glazer Capital LLC bought a new position in shares of National Western Life Group in the fourth quarter valued at approximately $44,735,000. Allspring Global Investments Holdings LLC grew its stake in National Western Life Group by 10.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock valued at $42,938,000 after acquiring an additional 8,681 shares in the last quarter. Hsbc Holdings PLC bought a new stake in National Western Life Group during the 4th quarter worth approximately $11,931,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in National Western Life Group by 122.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,960 shares of the financial services provider’s stock worth $11,295,000 after purchasing an additional 12,660 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

National Western Life Group Stock Performance

Shares of NASDAQ:NWLI remained flat at $499.98 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of 11.35 and a beta of 0.75. The stock has a fifty day moving average price of $494.75 and a two-hundred day moving average price of $489.69. National Western Life Group, Inc. has a 1 year low of $403.17 and a 1 year high of $499.99.

National Western Life Group (NASDAQ:NWLI) last announced its earnings results on Thursday, May 9th. The financial services provider reported $20.82 earnings per share for the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%. The business had revenue of $197.57 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of National Western Life Group in a research report on Friday. They set a “hold” rating for the company.

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.