National Western Life Group (NASDAQ:NWLI) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

National Western Life Group Price Performance

NWLI opened at $487.51 on Friday. The business’s 50-day moving average is $487.57 and its two-hundred day moving average is $481.85. National Western Life Group has a 1 year low of $243.00 and a 1 year high of $493.00. The firm has a market capitalization of $1.77 billion, a PE ratio of 18.26 and a beta of 0.71.

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

Institutional Investors Weigh In On National Western Life Group

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in National Western Life Group by 340.0% in the second quarter. Osaic Holdings Inc. now owns 66 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 51 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of National Western Life Group during the fourth quarter worth about $52,000. Tower Research Capital LLC TRC lifted its holdings in shares of National Western Life Group by 336.6% during the first quarter. Tower Research Capital LLC TRC now owns 179 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 138 shares during the period. Citigroup Inc. lifted its holdings in shares of National Western Life Group by 66.9% during the first quarter. Citigroup Inc. now owns 247 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 99 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of National Western Life Group by 416.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 258 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 208 shares during the period. 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.