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

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

National Western Life Group Trading Up 0.1 %

Shares of NWLI opened at $490.19 on Monday. National Western Life Group has a 12-month low of $258.56 and a 12-month high of $493.00. The company has a market cap of $1.78 billion, a PE ratio of 18.36 and a beta of 0.71. The stock has a 50-day moving average price of $488.63 and a 200-day moving average price of $484.26.

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

Institutional Investors Weigh In On National Western Life Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in National Western Life Group by 10.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock worth $42,938,000 after purchasing an additional 8,681 shares during the period. ACR Alpine Capital Research LLC bought a new stake in National Western Life Group during the 4th quarter valued at $812,000. Schonfeld Strategic Advisors LLC boosted its position in National Western Life Group by 330.0% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 4,300 shares of the financial services provider’s stock valued at $1,881,000 after buying an additional 3,300 shares during the period. Lazard Asset Management LLC purchased a new stake in National Western Life Group during the 3rd quarter valued at $528,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in National Western Life Group in the 4th quarter worth $4,975,000. Institutional investors own 81.57% 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 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.