StockNews.com Begins Coverage on National Western Life Group (NASDAQ:NWLI)

StockNews.com began coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report sent to investors on Monday. The firm issued a hold rating on the financial services provider’s stock.

National Western Life Group Stock Performance

Shares of NWLI opened at $490.19 on Monday. The company’s 50-day simple moving average is $488.63 and its 200-day simple moving average is $484.26. National Western Life Group has a 1 year low of $258.56 and a 1 year high of $493.00. The stock has a market capitalization of $1.78 billion, a PE ratio of 18.36 and a beta of 0.71.

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

Institutional Investors Weigh In On National Western Life Group

Large investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC acquired a new position in shares of National Western Life Group during the fourth quarter worth about $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in National Western Life Group during the 4th quarter worth approximately $168,000. ProShare Advisors LLC acquired a new position in National Western Life Group during the 1st quarter worth approximately $201,000. SG Americas Securities LLC purchased a new stake in shares of National Western Life Group in the 4th quarter valued at approximately $209,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of National Western Life Group in the 3rd quarter valued at $225,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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.