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

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

National Western Life Group Stock Performance

Shares of NWLI stock remained flat at $499.98 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 11.35 and a beta of 0.75. The business has a 50-day simple moving average of $495.93 and a 200 day simple moving average of $490.27. National Western Life Group has a 52-week low of $403.17 and a 52-week high of $499.99.

National Western Life Group (NASDAQ:NWLI) last released 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.

Institutional Investors Weigh In On National Western Life Group

Hedge funds have recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC acquired a new stake in National Western Life Group in the fourth quarter valued at approximately $52,000. Innealta Capital LLC acquired a new stake in National Western Life Group in the second quarter valued at approximately $144,000. Adalta Capital Management LLC acquired a new stake in National Western Life Group in the first quarter valued at approximately $153,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in National Western Life Group in the fourth quarter valued at approximately $168,000. Finally, ProShare Advisors LLC acquired a new stake in National Western Life Group in the first quarter valued at approximately $201,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.