BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a strong sell rating to a sell rating in a research report released on Wednesday morning.
National Western Life Group (NWLI) traded up $7.02 on Wednesday, reaching $320.58. 7,296 shares of the company’s stock traded hands, compared to its average volume of 7,350. The firm has a market cap of $1,165.63, a PE ratio of 11.24 and a beta of 1.40. National Western Life Group has a 52-week low of $276.00 and a 52-week high of $368.00.
In other National Western Life Group news, CEO Ross R. Moody sold 608 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $312.48, for a total value of $189,987.84. Following the completion of the sale, the chief executive officer now owns 5,518 shares in the company, valued at approximately $1,724,264.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. increased its position in National Western Life Group by 13.4% in the 3rd quarter. Prudential Financial Inc. now owns 16,181 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 1,910 shares in the last quarter. Dimensional Fund Advisors LP increased its position in National Western Life Group by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 198,205 shares of the financial services provider’s stock valued at $69,173,000 after acquiring an additional 2,351 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in National Western Life Group in the 3rd quarter valued at about $960,000. California Public Employees Retirement System increased its position in National Western Life Group by 16.5% in the 3rd quarter. California Public Employees Retirement System now owns 8,154 shares of the financial services provider’s stock valued at $2,846,000 after acquiring an additional 1,154 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in National Western Life Group by 369.6% in the 4th quarter. SG Americas Securities LLC now owns 1,686 shares of the financial services provider’s stock valued at $558,000 after acquiring an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.
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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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