National Western Life Group (NASDAQ:NWLI) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research note issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

National Western Life Group Trading Down 0.0 %

NWLI stock opened at $488.25 on Friday. The stock’s 50 day simple moving average is $487.97 and its 200 day simple moving average is $483.77. National Western Life Group has a 12-month low of $250.16 and a 12-month high of $493.00. The stock has a market capitalization of $1.78 billion, a PE ratio of 18.29 and a beta of 0.71.

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

Institutional Investors Weigh In On National Western Life Group

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in National Western Life Group by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 16,382 shares of the financial services provider’s stock valued at $7,167,000 after buying an additional 597 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of National Western Life Group during the 3rd quarter valued at $225,000. Deutsche Bank AG boosted its holdings in National Western Life Group by 16.9% in the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after buying an additional 159 shares during the period. Rhumbline Advisers increased its stake in National Western Life Group by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares in the last quarter. Finally, FCA Corp TX raised its holdings 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 acquiring an additional 217 shares during the period. Institutional investors own 81.57% of the company’s stock.

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.