National Western Life Group (NWLI) Rating Lowered to Strong Sell at BidaskClub

National Western Life Group (NASDAQ:NWLI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

National Western Life Group (NWLI) opened at $337.07 on Tuesday. National Western Life Group has a 52 week low of $287.10 and a 52 week high of $368.00. The firm has a market capitalization of $1,212.02, a price-to-earnings ratio of 12.62 and a beta of 1.47.

National Western Life Group (NASDAQ:NWLI) last issued its quarterly earnings results on Friday, November 3rd. The financial services provider reported $5.79 earnings per share for the quarter. National Western Life Group had a return on equity of 4.75% and a net margin of 11.31%.

Several institutional investors and hedge funds have recently modified their holdings of NWLI. Oppenheimer Asset Management Inc. raised its position in shares of National Western Life Group by 107.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 387 shares of the financial services provider’s stock worth $124,000 after buying an additional 200 shares during the period. SG Americas Securities LLC purchased a new position in shares of National Western Life Group in the 3rd quarter worth $125,000. BNP Paribas Arbitrage SA raised its position in shares of National Western Life Group by 164.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 476 shares of the financial services provider’s stock worth $152,000 after buying an additional 296 shares during the period. Victory Capital Management Inc. raised its position in shares of National Western Life Group by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 563 shares of the financial services provider’s stock worth $180,000 after buying an additional 84 shares during the period. Finally, Legal & General Group Plc raised its position in shares of National Western Life Group by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 574 shares of the financial services provider’s stock worth $184,000 after buying an additional 17 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.

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National Western Life Group Company Profile

National Western Life Insurance Company (National Western) is a stock life insurance company. The Company operates in two segments: Domestic Insurance Operations and International Insurance Operations. The products marketed under domestic insurance operations are annuities, universal life insurance and traditional life insurance, which include both term and whole life products.

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