National Western Life Group (NASDAQ:NWLI) Now Covered by Analysts at StockNews.com

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

National Western Life Group Price Performance

NWLI opened at $487.51 on Friday. National Western Life Group has a 12 month low of $243.00 and a 12 month high of $493.00. The stock has a market cap of $1.77 billion, a P/E ratio of 18.26 and a beta of 0.71. The stock’s 50 day moving average price is $487.57 and its 200 day moving average price is $481.85.

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

Hedge Funds Weigh In On National Western Life Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWLI. Glazer Capital LLC bought a new position in National Western Life Group during the 4th quarter valued at $44,735,000. Envestnet Asset Management Inc. bought a new position in National Western Life Group during the 1st quarter valued at $25,000. Hsbc Holdings PLC bought a new position in National Western Life Group during the 4th quarter valued at $11,931,000. Balyasny Asset Management L.P. boosted its stake in National Western Life Group by 186.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 31,537 shares of the financial services provider’s stock valued at $15,233,000 after purchasing an additional 20,531 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in National Western Life Group during the 4th quarter valued at $7,635,000. 81.57% of the stock is owned by institutional investors.

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.