National Western Life Group (NASDAQ:NWLI) Now Covered by Analysts at StockNews.com

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

National Western Life Group Trading Up 0.1 %

Shares of NASDAQ:NWLI opened at $499.98 on Friday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75. The stock’s 50-day moving average price is $494.75 and its 200-day moving average price is $489.73. National Western Life Group has a 12-month low of $403.17 and a 12-month high of $499.99.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Glazer Capital LLC bought a new position in National Western Life Group in the 4th quarter worth $44,735,000. Hsbc Holdings PLC bought a new stake in shares of National Western Life Group during the 4th quarter valued at $11,931,000. Vanguard Group Inc. grew its position in shares of National Western Life Group by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 209,149 shares of the financial services provider’s stock worth $102,893,000 after buying an additional 17,540 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of National Western Life Group by 122.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,960 shares of the financial services provider’s stock worth $11,295,000 after buying an additional 12,660 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of National Western Life Group by 447.8% in the 1st quarter. Gabelli Funds LLC now owns 10,956 shares of the financial services provider’s stock worth $5,390,000 after acquiring an additional 8,956 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.