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

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

National Western Life Group Trading Up 0.0 %

Shares of NWLI opened at $488.30 on Friday. The business’s 50 day moving average is $487.97 and its 200 day moving average is $483.73. The company has a market capitalization of $1.78 billion, a PE ratio of 18.29 and a beta of 0.71. National Western Life Group has a 12-month low of $250.16 and a 12-month high of $493.00.

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 for the quarter. National Western Life Group had a net margin of 13.05% and a return on equity of 3.96%.

Hedge Funds Weigh In On National Western Life Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in National Western Life Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 191,609 shares of the financial services provider’s stock valued at $92,551,000 after acquiring an additional 1,530 shares during the period. Glazer Capital LLC purchased a new position in National Western Life Group during the 4th quarter valued at $44,735,000. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $42,938,000 after acquiring an additional 8,681 shares during the period. Hsbc Holdings PLC purchased a new position in National Western Life Group during the 4th quarter valued at $11,931,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in National Western Life Group by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,420 shares of the financial services provider’s stock valued at $8,414,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

About National Western Life Group

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.