National Western Life Group (NASDAQ:NWLI) Earns Hold Rating from Analysts at StockNews.com
Equities researchers at StockNews.com started coverage on shares of National Western Life Group (NASDAQ:NWLI – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.
National Western Life Group Trading Up 0.1 %
National Western Life Group stock opened at $482.59 on Thursday. National Western Life Group has a 52 week low of $225.02 and a 52 week high of $488.90. The stock has a fifty day moving average price of $477.31 and a 200 day moving average price of $442.92. The firm has a market capitalization of $1.76 billion, a P/E ratio of 14.33 and a beta of 0.68.
National Western Life Group (NASDAQ:NWLI – Get Free Report) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $18.30 earnings per share for the quarter. The firm had revenue of $156.69 million for the quarter. National Western Life Group had a return on equity of 5.24% and a net margin of 17.57%.
Institutional Trading of National Western Life Group
Several large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. purchased a new stake in shares of National Western Life Group during the 1st quarter valued at about $25,000. Covestor Ltd raised its stake in shares of National Western Life Group by 170.8% during the second quarter. Covestor Ltd now owns 65 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 41 shares during the period. Osaic Holdings Inc. lifted its position in shares of National Western Life Group by 340.0% during the second 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 boosted its position in National Western Life Group by 336.6% in the 1st 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 last quarter. Finally, Elkhorn Partners Limited Partnership grew its stake in shares of National Western Life Group by 100.0% during the first quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 100 shares in the last quarter. 88.79% of the stock is currently owned by institutional investors and hedge funds.
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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