National Western Life Group (NASDAQ:NWLI) Sees Strong Trading Volume

Shares of National Western Life Group, Inc. (NASDAQ:NWLI) saw an uptick in trading volume on Wednesday . 7,767 shares changed hands during trading, a decline of 42% from the previous session’s volume of 13,344 shares.The stock last traded at $490.98 and had previously closed at $491.60.

Analyst Upgrades and Downgrades

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

National Western Life Group Price Performance

The stock has a 50-day moving average of $487.03 and a 200-day moving average of $479.74. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 18.36 and a beta of 0.71.

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

Hedge Funds Weigh In On National Western Life Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 3,898 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of National Western Life Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 191,609 shares of the financial services provider’s stock valued at $92,551,000 after purchasing an additional 1,530 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of National Western Life Group by 0.3% in the 1st quarter. BlackRock Inc. now owns 178,341 shares of the financial services provider’s stock valued at $43,269,000 after purchasing an additional 513 shares in the last quarter. Glazer Capital LLC bought a new position in shares of National Western Life Group in the 4th quarter valued at $44,735,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of National Western Life Group by 10.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock worth $42,938,000 after buying an additional 8,681 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.