National Western Life Group (NASDAQ:NWLI) Rating Increased to B- at TheStreet

National Western Life Group (NASDAQ:NWLI) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday, TheStreetRatingsTable reports.

NASDAQ:NWLI opened at $227.50 on Wednesday. The firm has a 50-day moving average price of $241.27. The stock has a market cap of $827.19 million, a PE ratio of 5.14 and a beta of 1.16. National Western Life Group has a 1-year low of $168.85 and a 1-year high of $260.00.

National Western Life Group (NASDAQ:NWLI) last posted its quarterly earnings data on Monday, May 10th. The financial services provider reported $17.57 earnings per share for the quarter. The company had revenue of $230.38 million during the quarter. National Western Life Group had a net margin of 17.43% and a return on equity of 6.48%.

Several hedge funds have recently modified their holdings of NWLI. RK Asset Management LLC bought a new position in shares of National Western Life Group during the first quarter worth about $13,007,000. Brandes Investment Partners LP lifted its position in shares of National Western Life Group by 105.0% during the first quarter. Brandes Investment Partners LP now owns 45,643 shares of the financial services provider’s stock worth $11,506,000 after purchasing an additional 23,382 shares during the last quarter. BlackRock Inc. raised its stake in National Western Life Group by 6.7% during the first quarter. BlackRock Inc. now owns 198,066 shares of the financial services provider’s stock worth $49,318,000 after acquiring an additional 12,393 shares during the period. Ameriprise Financial Inc. raised its stake in National Western Life Group by 17.0% during the first quarter. Ameriprise Financial Inc. now owns 54,197 shares of the financial services provider’s stock worth $13,495,000 after acquiring an additional 7,865 shares during the period. Finally, Wells Fargo & Company MN raised its stake in National Western Life Group by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 82,296 shares of the financial services provider’s stock worth $16,990,000 after acquiring an additional 4,849 shares during the period. 81.38% of the stock is currently owned by institutional investors and hedge funds.

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, Annuities, and Acquired Businesses 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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