StockNews.com Begins Coverage on National Western Life Group (NASDAQ:NWLI)

Equities researchers at StockNews.com started coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

National Western Life Group Trading Down 0.1 %

Shares of NWLI stock opened at $488.48 on Monday. The firm’s 50 day moving average is $488.35 and its 200-day moving average is $484.06. National Western Life Group has a 1 year low of $250.80 and a 1 year high of $493.00. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.30 and a beta of 0.71.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings data on Thursday, February 29th. The financial services provider reported ($3.46) earnings per share 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

Several large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in National Western Life Group by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,420 shares of the financial services provider’s stock valued at $8,414,000 after buying an additional 67 shares during the period. Rhumbline Advisers raised its holdings in National Western Life Group by 2.2% in the third quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after purchasing an additional 86 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in National Western Life Group in the fourth quarter worth $52,000. Deutsche Bank AG raised its holdings in National Western Life Group by 16.9% in the third quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 159 shares during the period. Finally, FCA Corp TX raised its holdings in National Western Life Group by 2.1% in the third quarter. FCA Corp TX now owns 10,563 shares of the financial services provider’s stock worth $4,621,000 after purchasing an additional 217 shares during the period. 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.