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

StockNews.com began coverage on shares of National Western Life Group (NASDAQ:NWLIFree Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

National Western Life Group Stock Up 0.0 %

Shares of NWLI stock opened at $483.75 on Tuesday. The business has a 50-day moving average price of $482.02 and a two-hundred day moving average price of $462.10. National Western Life Group has a 12-month low of $225.02 and a 12-month high of $488.90. The firm has a market cap of $1.76 billion, a P/E ratio of 14.36 and a beta of 0.69.

National Western Life Group (NASDAQ:NWLIGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $18.30 EPS for the quarter. National Western Life Group had a return on equity of 5.24% and a net margin of 17.57%. The firm had revenue of $156.69 million for the quarter.

National Western Life Group Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 6th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a dividend yield of 0.08%. National Western Life Group’s dividend payout ratio (DPR) is 1.07%.

Hedge Funds Weigh In On National Western Life Group

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of National Western Life Group in the 4th quarter worth $209,000. American Century Companies Inc. increased its stake in National Western Life Group by 3.1% in the 3rd quarter. American Century Companies Inc. now owns 15,076 shares of the financial services provider’s stock worth $6,596,000 after buying an additional 451 shares in the last quarter. Deutsche Bank AG increased its stake in National Western Life Group by 16.9% in the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after buying an additional 159 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of National Western Life Group by 50.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,323 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 444 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of National Western Life Group by 0.8% during the 3rd quarter. Royal Bank of Canada now owns 3,657 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 30 shares during the last quarter. 88.79% of the stock is owned by institutional investors.

National Western Life Group Company Profile

(Get Free Report)

National Western Life Group, Inc, through its subsidiary, National Western Life Insurance Company, operates as a stock life insurance company. It operates through Domestic Life Insurance, International Life Insurance, Annuities, and ONL and Affiliates segments. The company provides life products, including universal life insurance, interest-sensitive whole life, and traditional products, such as term insurance coverage; and annuity products comprising flexible premium and single premium deferred annuities, equity-index annuities, and single premium immediate annuities.

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