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

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National Western Life Group (NASDAQ:NWLI) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Separately, ValuEngine downgraded National Western Life Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd.

NASDAQ NWLI opened at $322.50 on Friday. The company has a market capitalization of $1.16 billion, a PE ratio of 9.84 and a beta of 1.22. National Western Life Group has a 52-week low of $276.00 and a 52-week high of $368.00.

National Western Life Group (NASDAQ:NWLI) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $8.58 EPS for the quarter. National Western Life Group had a return on equity of 6.14% and a net margin of 15.95%. The firm had revenue of $174.66 million for the quarter.

A number of large investors have recently added to or reduced their stakes in NWLI. Dimensional Fund Advisors LP increased its holdings in National Western Life Group by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 222,043 shares of the financial services provider’s stock worth $68,225,000 after buying an additional 11,571 shares during the last quarter. BlackRock Inc. increased its holdings in National Western Life Group by 3.7% in the second quarter. BlackRock Inc. now owns 155,900 shares of the financial services provider’s stock worth $47,904,000 after buying an additional 5,516 shares during the last quarter. LSV Asset Management increased its holdings in National Western Life Group by 35.7% in the first quarter. LSV Asset Management now owns 19,577 shares of the financial services provider’s stock worth $5,968,000 after buying an additional 5,150 shares during the last quarter. FMR LLC increased its holdings in National Western Life Group by 1.7% in the second quarter. FMR LLC now owns 253,422 shares of the financial services provider’s stock worth $77,866,000 after buying an additional 4,144 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in National Western Life Group by 19.6% in the second quarter. Renaissance Technologies LLC now owns 22,000 shares of the financial services provider’s stock worth $6,760,000 after buying an additional 3,600 shares during the last quarter. Hedge funds and other institutional investors own 79.73% 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. It operates through Domestic Life Insurance, International Life Insurance, and Annuities segments. The company provides life insurance products for the savings and protection needs of policyholders; and annuity contracts for the asset accumulation and retirement needs of contract holders.

See Also: Return on Investment (ROI) Defined, Explained

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