National Western Life Group (NASDAQ:NWLI) Sets New 52-Week High at $499.45

National Western Life Group, Inc. (NASDAQ:NWLI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $499.45 and last traded at $499.30, with a volume of 70344 shares. The stock had previously closed at $497.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of National Western Life Group in a research report on Saturday, June 15th. They set a “hold” rating for the company.

National Western Life Group Stock Up 0.1 %

The firm’s 50 day simple moving average is $491.45 and its two-hundred day simple moving average is $487.75. The stock has a market capitalization of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75.

National Western Life Group (NASDAQ:NWLI) last issued its earnings results on Thursday, May 9th. The financial services provider reported $20.82 EPS for the quarter. National Western Life Group had a return on equity of 6.40% and a net margin of 20.22%. The business had revenue of $197.57 million during the quarter.

Hedge Funds Weigh In On National Western Life Group

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in National Western Life Group by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,420 shares of the financial services provider’s stock valued at $8,414,000 after purchasing an additional 67 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of National Western Life Group by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,790 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 80 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of National Western Life Group by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after acquiring an additional 86 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in National Western Life Group in the 4th quarter valued at about $52,000. Finally, Deutsche Bank AG boosted its stake in National Western Life Group by 16.9% during the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 159 shares during the last quarter. 81.57% of the stock is 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 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.