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

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

National Western Life Group Stock Performance

Shares of NWLI opened at $491.54 on Wednesday. National Western Life Group has a fifty-two week low of $226.62 and a fifty-two week high of $492.40. The company has a market capitalization of $1.79 billion, a PE ratio of 18.41 and a beta of 0.70. The stock has a fifty day moving average of $485.23 and a two-hundred day moving average of $476.97.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NWLI. Envestnet Asset Management Inc. purchased a new stake in shares of National Western Life Group during the 1st quarter valued at $25,000. Covestor Ltd raised its holdings in shares of National Western Life Group by 170.8% in the 2nd quarter. Covestor Ltd now owns 65 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 41 shares during the period. Osaic Holdings Inc. increased its position in National Western Life Group by 340.0% during the 2nd quarter. Osaic Holdings Inc. now owns 66 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 51 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in National Western Life Group by 336.6% in the first quarter. Tower Research Capital LLC TRC now owns 179 shares of the financial services provider’s stock valued at $43,000 after buying an additional 138 shares during the period. Finally, UBS Group AG lifted its position in National Western Life Group by 118.4% during the third quarter. UBS Group AG now owns 297 shares of the financial services provider’s stock valued at $51,000 after buying an additional 161 shares in the last quarter. 81.57% of the stock is currently 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.