Bank of New York Mellon Corp Has $5.08 Million Holdings in National Western Life Group Inc (NWLI)

Bank of New York Mellon Corp raised its stake in National Western Life Group Inc (NASDAQ:NWLI) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,925 shares of the financial services provider’s stock after purchasing an additional 382 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of National Western Life Group worth $5,083,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Shufro Rose & Co. LLC boosted its stake in shares of National Western Life Group by 7.8% during the 3rd quarter. Shufro Rose & Co. LLC now owns 46,525 shares of the financial services provider’s stock worth $14,851,000 after acquiring an additional 3,376 shares during the period. Northern Trust Corp boosted its stake in shares of National Western Life Group by 0.9% during the 2nd quarter. Northern Trust Corp now owns 31,532 shares of the financial services provider’s stock worth $9,689,000 after acquiring an additional 280 shares during the period. Prudential Financial Inc. boosted its stake in shares of National Western Life Group by 2.4% during the 3rd quarter. Prudential Financial Inc. now owns 25,988 shares of the financial services provider’s stock worth $8,296,000 after acquiring an additional 619 shares during the period. Alliancebernstein L.P. boosted its stake in shares of National Western Life Group by 14.9% during the 3rd quarter. Alliancebernstein L.P. now owns 10,700 shares of the financial services provider’s stock worth $3,415,000 after acquiring an additional 1,390 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of National Western Life Group by 21.2% during the 3rd quarter. First Trust Advisors LP now owns 7,716 shares of the financial services provider’s stock worth $2,463,000 after acquiring an additional 1,351 shares during the period. Hedge funds and other institutional investors own 80.04% of the company’s stock.

Shares of NASDAQ NWLI opened at $300.70 on Thursday. National Western Life Group Inc has a 12 month low of $260.64 and a 12 month high of $335.00. The company has a market cap of $1.08 billion, a PE ratio of 8.21 and a beta of 1.11.

NWLI has been the subject of several research analyst reports. BidaskClub upgraded National Western Life Group from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. ValuEngine upgraded National Western Life Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

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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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Institutional Ownership by Quarter for National Western Life Group (NASDAQ:NWLI)

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