National Western Life Group (NASDAQ:NWLI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of National Western Life Group (NASDAQ:NWLI) in a report released on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

National Western Life Group Trading Up 0.3 %

Shares of NWLI opened at $489.80 on Monday. The firm’s 50-day moving average is $488.44 and its two-hundred day moving average is $484.14. National Western Life Group has a twelve month low of $258.56 and a twelve month high of $493.00. The firm has a market capitalization of $1.78 billion, a P/E ratio of 18.34 and a beta of 0.71.

National Western Life Group (NASDAQ:NWLI) last released its quarterly earnings data on Thursday, February 29th. The financial services provider reported ($3.46) earnings per share for the quarter. The firm had revenue of $207.87 million during the quarter. National Western Life Group had a net margin of 13.05% and a return on equity of 3.96%.

Institutional Investors Weigh In On National Western Life Group

Several institutional investors and hedge funds have recently made changes to their positions in NWLI. Longfellow Investment Management Co. LLC purchased a new position in National Western Life Group during the 4th quarter valued at about $52,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of National Western Life Group during the 4th quarter worth approximately $168,000. SG Americas Securities LLC acquired a new position in shares of National Western Life Group during the 4th quarter worth approximately $209,000. Versor Investments LP purchased a new stake in National Western Life Group in the 4th quarter valued at approximately $239,000. Finally, Assenagon Asset Management S.A. acquired a new stake in National Western Life Group during the 3rd quarter valued at $225,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

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.