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

Equities research analysts at StockNews.com assumed coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research note issued to investors on Friday. The firm set a “hold” rating on the financial services provider’s stock.

National Western Life Group Stock Performance

NWLI stock opened at $490.33 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of 18.36 and a beta of 0.71. The firm’s 50 day moving average price is $487.03 and its 200-day moving average price is $479.74. National Western Life Group has a one year low of $226.62 and a one year high of $493.00.

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

Institutional Trading of National Western Life Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in National Western Life Group by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 230,779 shares of the financial services provider’s stock valued at $55,990,000 after purchasing an additional 3,898 shares during the period. Vanguard Group Inc. increased its position in shares of National Western Life Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 191,609 shares of the financial services provider’s stock worth $92,551,000 after acquiring an additional 1,530 shares during the period. BlackRock Inc. increased its position in shares of 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 acquiring an additional 513 shares during the period. Glazer Capital LLC purchased a new stake in shares of National Western Life Group during the fourth quarter worth $44,735,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 8,681 shares during the period. Hedge funds and other institutional investors own 81.57% 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 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.