National Western Life Group (NASDAQ:NWLI) Receives New Coverage from Analysts at StockNews.com

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

National Western Life Group Trading Up 0.1 %

Shares of NASDAQ NWLI opened at $491.02 on Friday. National Western Life Group has a 12 month low of $226.62 and a 12 month high of $493.00. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.39 and a beta of 0.71. The business has a 50-day moving average of $487.19 and a 200-day moving average of $480.05.

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

Institutional Trading of National Western Life Group

A number of institutional investors have recently made changes to their positions in NWLI. Envestnet Asset Management Inc. bought a new position in National Western Life Group in the first quarter worth $25,000. Osaic Holdings Inc. raised its holdings in National Western Life Group by 340.0% in the second quarter. Osaic Holdings Inc. now owns 66 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in National Western Life Group by 336.6% in the first quarter. Tower Research Capital LLC TRC now owns 179 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 138 shares in the last quarter. UBS Group AG raised its holdings in National Western Life Group by 118.4% in the third quarter. UBS Group AG now owns 297 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 161 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in shares of National Western Life Group during the fourth quarter valued at $52,000. Hedge funds and other institutional investors 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.