National Western Life Group (NASDAQ:NWLI) Coverage Initiated by Analysts at StockNews.com

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

National Western Life Group Price Performance

NWLI stock opened at $491.54 on Wednesday. The firm’s fifty day simple moving average is $485.23 and its 200-day simple moving average is $476.97. The company has a market capitalization of $1.79 billion, a P/E ratio of 18.41 and a beta of 0.70. National Western Life Group has a 12 month low of $226.62 and a 12 month high of $492.40.

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

Hedge Funds Weigh In On National Western Life Group

A number of large investors have recently added to or reduced their stakes in NWLI. Swiss National Bank boosted its holdings in shares of National Western Life Group by 5.6% during the 1st quarter. Swiss National Bank now owns 5,649 shares of the financial services provider’s stock worth $1,189,000 after purchasing an additional 300 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in National Western Life Group by 20.1% in the 1st quarter. Bank of New York Mellon Corp now owns 16,489 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 2,760 shares in the last quarter. American Century Companies Inc. increased its stake in shares of National Western Life Group by 25.4% in the 1st quarter. American Century Companies Inc. now owns 2,221 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 450 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of National Western Life Group by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 1,624 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 585 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of National Western Life Group by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 184,380 shares of the financial services provider’s stock valued at $38,793,000 after acquiring an additional 1,005 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

National Western Life Group Company Profile

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.