National Western Life Group, Inc. (NASDAQ:NWLI) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in shares of National Western Life Group, Inc. (NASDAQ:NWLI) by 234.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,903 shares of the financial services provider’s stock after purchasing an additional 3,438 shares during the period. New York Life Investment Management LLC’s holdings in National Western Life Group were worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWLI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of National Western Life Group in the fourth quarter worth about $168,000. SG Americas Securities LLC acquired a new position in shares of National Western Life Group in the fourth quarter worth about $209,000. Assenagon Asset Management S.A. acquired a new position in shares of National Western Life Group in the third quarter worth about $225,000. Victory Capital Management Inc. acquired a new position in shares of National Western Life Group in the fourth quarter worth about $281,000. Finally, WINTON GROUP Ltd acquired a new position in shares of National Western Life Group in the third quarter worth about $332,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

National Western Life Group Stock Down 0.1 %

NWLI opened at $488.48 on Monday. National Western Life Group, Inc. has a twelve month low of $250.80 and a twelve month high of $493.00. The company has a 50-day moving average price of $488.35 and a 200 day moving average price of $484.06. The company has a market cap of $1.78 billion, a PE ratio of 18.30 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. National Western Life Group had a return on equity of 3.96% and a net margin of 13.05%. The company had revenue of $207.87 million for the quarter.

Analyst Upgrades and Downgrades

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

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.