National Western Life Group (NWLI) Downgraded by BidaskClub to “Strong Sell”
BidaskClub cut shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a strong sell rating in a research report released on Friday.
Separately, ValuEngine downgraded shares of National Western Life Group from a hold rating to a sell rating in a report on Monday, July 2nd.
NASDAQ NWLI traded up $1.50 during trading hours on Friday, reaching $322.50. 7,221 shares of the company were exchanged, compared to its average volume of 6,228. National Western Life Group has a 1 year low of $276.00 and a 1 year high of $368.00. The company has a market capitalization of $1.16 billion, a PE ratio of 9.84 and a beta of 1.22.
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC bought a new position in National Western Life Group during the second quarter worth about $117,000. SG Americas Securities LLC bought a new position in National Western Life Group during the second quarter worth about $120,000. Assetmark Inc. bought a new position in National Western Life Group during the first quarter worth about $164,000. Sei Investments Co. boosted its position in National Western Life Group by 42.6% during the second quarter. Sei Investments Co. now owns 542 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 162 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in National Western Life Group during the first quarter worth about $213,000. Hedge funds and other institutional investors own 79.73% 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. It operates through Domestic Life Insurance, International Life Insurance, and Annuities segments. The company provides life insurance products for the savings and protection needs of policyholders; and annuity contracts for the asset accumulation and retirement needs of contract holders.
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