Arizona State Retirement System Lowers Stock Position in National Western Life Group, Inc. (NASDAQ:NWLI)

Arizona State Retirement System decreased its holdings in National Western Life Group, Inc. (NASDAQ:NWLI) by 9.3% in the 4th quarter, Holdings Channel reports. The firm owned 577 shares of the financial services provider’s stock after selling 59 shares during the period. Arizona State Retirement System’s holdings in National Western Life Group were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NWLI. Envestnet Asset Management Inc. acquired a new stake in shares of National Western Life Group in the 1st quarter valued at approximately $25,000. American Century Companies Inc. raised its position in National Western Life Group by 54.6% in the first quarter. American Century Companies Inc. now owns 13,397 shares of the financial services provider’s stock worth $3,170,000 after acquiring an additional 4,733 shares in the last quarter. Geode Capital Management LLC lifted its holdings in National Western Life Group by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 45,348 shares of the financial services provider’s stock valued at $12,742,000 after acquiring an additional 4,210 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of National Western Life Group by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 230,779 shares of the financial services provider’s stock worth $55,990,000 after purchasing an additional 3,898 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of National Western Life Group by 330.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 4,300 shares of the financial services provider’s stock worth $1,881,000 after purchasing an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of National Western Life Group in a report on Saturday. They issued a “hold” rating for the company.

National Western Life Group Trading Up 0.1 %

Shares of National Western Life Group stock opened at $487.51 on Friday. The company has a 50-day moving average of $487.57 and a two-hundred day moving average of $482.28. National Western Life Group, Inc. 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 PE ratio of 18.26 and a beta of 0.71.

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

National Western Life Group 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.