BidaskClub Lowers National Western Life Group (NASDAQ:NWLI) to Strong Sell

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BidaskClub cut shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a strong sell rating in a research report released on Monday morning, BidAskClub reports.

Separately, ValuEngine downgraded National Western Life Group from a hold rating to a sell rating in a report on Saturday, June 22nd.

NWLI opened at $254.42 on Monday. The stock has a market capitalization of $920.09 million, a P/E ratio of 7.44 and a beta of 0.99. The business has a 50-day moving average of $267.56. National Western Life Group has a 12 month low of $251.50 and a 12 month high of $335.00.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $10.34 earnings per share (EPS) for the quarter. National Western Life Group had a return on equity of 6.16% and a net margin of 19.14%. The company had revenue of $217.91 million for the quarter.

A number of large investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of National Western Life Group by 2.4% during the 1st quarter. FMR LLC now owns 251,279 shares of the financial services provider’s stock worth $65,953,000 after acquiring an additional 5,832 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of National Western Life Group by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 247,788 shares of the financial services provider’s stock worth $74,509,000 after acquiring an additional 15,394 shares during the period. BlackRock Inc. grew its holdings in shares of National Western Life Group by 3.1% during the 4th quarter. BlackRock Inc. now owns 160,131 shares of the financial services provider’s stock worth $48,153,000 after acquiring an additional 4,882 shares during the period. RK Asset Management LLC grew its holdings in shares of National Western Life Group by 1.1% during the 1st quarter. RK Asset Management LLC now owns 55,785 shares of the financial services provider’s stock worth $14,642,000 after acquiring an additional 592 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of National Western Life Group by 0.8% during the 4th quarter. Northern Trust Corp now owns 32,150 shares of the financial services provider’s stock worth $9,668,000 after acquiring an additional 248 shares during the period. Institutional investors own 79.53% of the company’s stock.

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. It operates through Domestic Life Insurance, International Life Insurance, and Annuities segments. The company provides life insurance products for the savings and protection needs of policyholders; and annuity contracts for the asset accumulation and retirement needs of contract holders.

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