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

Analysts at StockNews.com began coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

National Western Life Group Price Performance

NWLI stock opened at $489.55 on Monday. National Western Life Group has a 52-week low of $258.56 and a 52-week high of $493.00. The company’s 50 day simple moving average is $488.52 and its 200-day simple moving average is $484.22. The firm has a market capitalization of $1.78 billion, a P/E ratio of 18.34 and a beta of 0.71.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Longfellow Investment Management Co. LLC acquired a new position in National Western Life Group in the 4th quarter valued at approximately $52,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in National Western Life Group in the 4th quarter valued at approximately $168,000. SG Americas Securities LLC acquired a new position in National Western Life Group in the 4th quarter valued at approximately $209,000. Assenagon Asset Management S.A. acquired a new position in National Western Life Group in the 3rd quarter valued at approximately $225,000. Finally, Versor Investments LP acquired a new position in National Western Life Group in the 4th quarter valued at approximately $239,000. Institutional investors and hedge funds own 81.57% 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 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.