National Western Life Group, Inc. (NASDAQ:NWLI) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of National Western Life Group, Inc. (NASDAQ:NWLI) by 1.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,785 shares of the financial services provider’s stock after selling 250 shares during the period. Bank of New York Mellon Corp owned about 0.43% of National Western Life Group worth $6,560,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in National Western Life Group by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 230,779 shares of the financial services provider’s stock worth $55,990,000 after buying an additional 3,898 shares in the last quarter. Vanguard Group Inc. boosted its holdings in National Western Life Group by 1.3% during the third quarter. Vanguard Group Inc. now owns 188,110 shares of the financial services provider’s stock worth $32,129,000 after buying an additional 2,481 shares in the last quarter. BlackRock Inc. boosted its holdings in National Western Life Group by 0.3% during the first quarter. BlackRock Inc. now owns 178,341 shares of the financial services provider’s stock worth $43,269,000 after buying an additional 513 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in National Western Life Group by 3.1% during the first quarter. Brandes Investment Partners LP now owns 107,028 shares of the financial services provider’s stock worth $25,967,000 after buying an additional 3,252 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in National Western Life Group in the 1st quarter worth approximately $25,000. 88.79% of the stock is currently owned by institutional investors.

National Western Life Group Stock Performance

National Western Life Group stock opened at $479.75 on Tuesday. The company has a 50 day moving average price of $465.13 and a 200 day moving average price of $425.27. National Western Life Group, Inc. has a 52 week low of $200.62 and a 52 week high of $488.90. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 14.24 and a beta of 0.72.

National Western Life Group (NASDAQ:NWLI) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $18.30 EPS for the quarter. National Western Life Group had a net margin of 17.57% and a return on equity of 5.24%. The firm had revenue of $156.69 million during the quarter.

National Western Life Group Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 6th will be given a $0.36 dividend. The ex-dividend date is Friday, November 3rd. This represents a yield of 0.08%. National Western Life Group’s payout ratio is 1.07%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of National Western Life Group in a research note on Monday. They issued a “hold” rating for the company.

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, Annuities, and ONL and Affiliates segments. The company provides life products, including universal life insurance, interest-sensitive whole life, and traditional products, such as term insurance coverage; and annuity products comprising flexible premium and single premium deferred annuities, equity-index annuities, and single premium immediate annuities.