Zurcher Kantonalbank Zurich Cantonalbank Purchases New Shares in National Western Life Group, Inc. (NASDAQ:NWLI)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of National Western Life Group, Inc. (NASDAQ:NWLI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 348 shares of the financial services provider’s stock, valued at approximately $168,000.

A number of other hedge funds also recently bought and sold shares of NWLI. Allspring Global Investments Holdings LLC raised its position in National Western Life Group by 10.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock valued at $42,938,000 after buying an additional 8,681 shares during the period. Bank of New York Mellon Corp lifted its position in shares of National Western Life Group by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 16,382 shares of the financial services provider’s stock worth $7,167,000 after purchasing an additional 597 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of National Western Life Group by 3.1% during the third quarter. American Century Companies Inc. now owns 15,076 shares of the financial services provider’s stock worth $6,596,000 after purchasing an additional 451 shares during the period. FCA Corp TX grew its position in National Western Life Group by 2.1% during the third quarter. FCA Corp TX now owns 10,563 shares of the financial services provider’s stock valued at $4,621,000 after purchasing an additional 217 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in National Western Life Group by 330.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 4,300 shares of the financial services provider’s stock worth $1,881,000 after buying an additional 3,300 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com began coverage on National Western Life Group in a research note on Monday. They issued a “hold” rating on the stock.

National Western Life Group Stock Performance

Shares of NASDAQ NWLI opened at $490.19 on Thursday. The business’s 50-day simple moving average is $488.63 and its 200-day simple moving average is $484.26. National Western Life Group, Inc. has a 52 week low of $258.56 and a 52 week high of $493.00. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 18.36 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 (EPS) 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%.

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.