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

Shares of National Western Life Group, Inc. (NASDAQ:NWLI) saw strong trading volume on Tuesday . 6,049 shares traded hands during mid-day trading, a decline of 57% from the previous session’s volume of 14,012 shares.The stock last traded at $491.50 and had previously closed at $490.52.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of National Western Life Group in a research report on Wednesday. They set a “hold” rating on the stock.

National Western Life Group Stock Performance

The business has a 50 day moving average of $485.23 and a two-hundred day moving average of $476.97. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.41 and a beta of 0.70.

National Western Life Group (NASDAQ:NWLI) last posted 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 during the quarter.

Institutional Trading of National Western Life Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new stake in National Western Life Group in the 1st quarter valued at $25,000. Covestor Ltd lifted its position in shares of National Western Life Group by 170.8% during the second quarter. Covestor Ltd now owns 65 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in National Western Life Group by 340.0% during the second quarter. Osaic Holdings Inc. now owns 66 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 51 shares during the last quarter. Tower Research Capital LLC TRC grew its position in National Western Life Group by 336.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 179 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 138 shares in the last quarter. Finally, UBS Group AG increased its stake in National Western Life Group by 118.4% in the 3rd quarter. UBS Group AG now owns 297 shares of the financial services provider’s stock valued at $51,000 after buying an additional 161 shares during the last quarter. 81.57% of the stock is 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.