National Western Life Group (NASDAQ:NWLI) Sees Strong Trading Volume

Shares of National Western Life Group, Inc. (NASDAQ:NWLIGet Free Report) saw strong trading volume on Friday . 5,584 shares traded hands during mid-day trading, a decline of 70% from the previous session’s volume of 18,748 shares.The stock last traded at $499.51 and had previously closed at $499.30.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on National Western Life Group in a research note on Saturday, June 15th. They issued a “hold” rating on the stock.

Get Our Latest Stock Report on National Western Life Group

National Western Life Group Price Performance

The firm has a market cap of $1.82 billion, a P/E ratio of 11.34 and a beta of 0.75. The stock has a 50 day moving average of $491.67 and a 200 day moving average of $487.91.

National Western Life Group (NASDAQ:NWLIGet Free Report) last released its earnings results on Thursday, May 9th. The financial services provider reported $20.82 EPS for the quarter. National Western Life Group had a return on equity of 6.40% and a net margin of 20.22%. The business had revenue of $197.57 million for the quarter.

Institutional Trading of National Western Life Group

Several institutional investors have recently added to or reduced their stakes in NWLI. Glazer Capital LLC purchased a new stake in National Western Life Group during the fourth quarter valued at about $44,735,000. Hsbc Holdings PLC purchased a new stake in National Western Life Group during the fourth quarter valued at about $11,931,000. Vanguard Group Inc. boosted its position in National Western Life Group by 9.2% during the first quarter. Vanguard Group Inc. now owns 209,149 shares of the financial services provider’s stock valued at $102,893,000 after buying an additional 17,540 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in National Western Life Group by 122.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,960 shares of the financial services provider’s stock valued at $11,295,000 after buying an additional 12,660 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of National Western Life Group by 447.8% during the first quarter. Gabelli Funds LLC now owns 10,956 shares of the financial services provider’s stock worth $5,390,000 after purchasing an additional 8,956 shares during the period. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

About National Western Life Group

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for National Western Life Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Western Life Group and related companies with MarketBeat.com's FREE daily email newsletter.