National Western Life Group (NASDAQ:NWLI) Coverage Initiated at StockNews.com

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

National Western Life Group Price Performance

Shares of NWLI opened at $487.53 on Friday. National Western Life Group has a 1 year low of $243.00 and a 1 year high of $493.00. The company has a 50 day simple moving average of $487.71 and a two-hundred day simple moving average of $483.65. The firm has a market cap of $1.77 billion, a P/E ratio of 18.26 and a beta of 0.71.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NWLI. Glazer Capital LLC purchased a new position in shares of National Western Life Group in the fourth quarter valued at $44,735,000. Hsbc Holdings PLC purchased a new position in National Western Life Group during the fourth quarter worth $11,931,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in National Western Life Group during the fourth quarter worth $4,975,000. Allspring Global Investments Holdings LLC boosted 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 worth $42,938,000 after buying an additional 8,681 shares during the period. Finally, New York Life Investment Management LLC boosted its stake in National Western Life Group by 234.7% during the fourth quarter. New York Life Investment Management LLC now owns 4,903 shares of the financial services provider’s stock worth $2,368,000 after buying an additional 3,438 shares during the period. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.