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

StockNews.com initiated coverage on shares of National Western Life Group (NASDAQ:NWLI) in a report issued 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 $488.18 on Wednesday. National Western Life Group has a 52 week low of $367.51 and a 52 week high of $493.00. The firm has a market cap of $1.78 billion, a P/E ratio of 11.08 and a beta of 0.71. The firm’s 50-day simple moving average is $489.57 and its 200 day simple moving average is $485.06.

National Western Life Group (NASDAQ:NWLI) last announced 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 net margin of 20.22% and a return on equity of 6.40%. The company had revenue of $207.87 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NWLI. Glazer Capital LLC acquired a new position in shares of National Western Life Group during the 4th quarter worth approximately $44,735,000. Hsbc Holdings PLC acquired a new position in shares of National Western Life Group during the 4th quarter worth approximately $11,931,000. Vanguard Group Inc. grew its position 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 worth $102,893,000 after purchasing an additional 17,540 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of National Western Life Group by 122.9% during 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. Finally, Gabelli Funds LLC grew its position in shares of National Western Life Group by 447.8% during the 1st quarter. Gabelli Funds LLC now owns 10,956 shares of the financial services provider’s stock worth $5,390,000 after purchasing an additional 8,956 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.