National Western Life Group Inc (NWLI) Major Shareholder Sells $52,071.60 in Stock

National Western Life Group Inc (NASDAQ:NWLI) major shareholder Robert L. Moody sold 168 shares of the stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $309.95, for a total value of $52,071.60. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ NWLI traded up $1.27 during trading hours on Thursday, reaching $313.00. 17 shares of the stock were exchanged, compared to its average volume of 8,638. The firm has a market cap of $1.15 billion, a P/E ratio of 10.58 and a beta of 1.32. National Western Life Group Inc has a 52 week low of $276.00 and a 52 week high of $368.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citigroup Inc. increased its stake in shares of National Western Life Group by 20.9% during the first quarter. Citigroup Inc. now owns 1,006 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 174 shares during the period. Prudential Financial Inc. increased its stake in shares of National Western Life Group by 1.0% during the first quarter. Prudential Financial Inc. now owns 19,529 shares of the financial services provider’s stock worth $5,954,000 after purchasing an additional 200 shares during the period. Wells Fargo & Company MN increased its stake in shares of National Western Life Group by 6.3% during the first quarter. Wells Fargo & Company MN now owns 3,609 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 214 shares during the period. Aperio Group LLC increased its stake in National Western Life Group by 5.0% during the 4th quarter. Aperio Group LLC now owns 6,587 shares of the financial services provider’s stock worth $2,180,000 after acquiring an additional 315 shares during the period. Finally, Glacier Peak Capital LLC increased its stake in National Western Life Group by 11.9% during the 1st quarter. Glacier Peak Capital LLC now owns 3,317 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 354 shares during the period. Institutional investors own 79.60% of the company’s stock.



A number of equities analysts have recently weighed in on NWLI shares. BidaskClub lowered National Western Life Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 28th. ValuEngine lowered National Western Life Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

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, and Annuities 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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