Separately, ValuEngine lowered shares of National Western Life Group from a hold rating to a sell rating in a research note on Saturday, June 22nd.
NASDAQ NWLI traded down $0.29 on Thursday, hitting $278.81. 155 shares of the company were exchanged, compared to its average volume of 5,922. The company has a market cap of $938.47 million, a PE ratio of 7.67 and a beta of 0.90. National Western Life Group has a 12 month low of $247.24 and a 12 month high of $329.00. The stock has a fifty day moving average of $259.12 and a 200-day moving average of $266.66.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. bought a new position in National Western Life Group during the second quarter worth $36,000. Parallel Advisors LLC raised its holdings in National Western Life Group by 594.6% during the second quarter. Parallel Advisors LLC now owns 514 shares of the financial services provider’s stock worth $132,000 after buying an additional 440 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in National Western Life Group by 180.1% during the first quarter. BNP Paribas Arbitrage SA now owns 521 shares of the financial services provider’s stock worth $137,000 after buying an additional 335 shares during the last quarter. Susquehanna International Group LLP acquired a new position in National Western Life Group during the second quarter worth $260,000. Finally, SG Americas Securities LLC raised its holdings in National Western Life Group by 177.2% during the first quarter. SG Americas Securities LLC now owns 1,081 shares of the financial services provider’s stock worth $284,000 after buying an additional 691 shares during the last quarter. 79.79% 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, 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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