National Western Life Group (NASDAQ:NWLI) Now Covered by Analysts at StockNews.com

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

National Western Life Group Stock Performance

Shares of NASDAQ:NWLI opened at $499.98 on Friday. The stock has a 50 day moving average of $494.99 and a 200 day moving average of $489.85. The company has a market cap of $1.82 billion, a PE ratio of 11.35 and a beta of 0.75. National Western Life Group has a 12-month low of $403.17 and a 12-month high of $499.99.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in National Western Life Group in the 2nd quarter worth approximately $144,000. Bank of New York Mellon Corp boosted its stake in National Western Life Group by 5.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,029 shares of the financial services provider’s stock worth $6,475,000 after purchasing an additional 644 shares during the period. SG Americas Securities LLC raised its holdings in shares of National Western Life Group by 880.4% during the 2nd quarter. SG Americas Securities LLC now owns 2,755 shares of the financial services provider’s stock worth $1,369,000 after acquiring an additional 2,474 shares in the last quarter. Adalta Capital Management LLC purchased a new stake in shares of National Western Life Group during the 1st quarter worth approximately $153,000. Finally, Janus Henderson Group PLC raised its holdings in shares of National Western Life Group by 36.1% during the 1st quarter. Janus Henderson Group PLC now owns 23,481 shares of the financial services provider’s stock worth $11,541,000 after acquiring an additional 6,223 shares in the last quarter. 81.57% of the stock is currently owned by 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.