New York Life Investment Management LLC Acquires 3,438 Shares of National Western Life Group, Inc. (NASDAQ:NWLI)

New York Life Investment Management LLC increased its holdings in National Western Life Group, Inc. (NASDAQ:NWLI) by 234.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,903 shares of the financial services provider’s stock after purchasing an additional 3,438 shares during the quarter. New York Life Investment Management LLC owned approximately 0.13% of National Western Life Group worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in National Western Life Group by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 16,382 shares of the financial services provider’s stock worth $7,167,000 after buying an additional 597 shares during the period. Assenagon Asset Management S.A. purchased a new stake in National Western Life Group in the third quarter worth about $225,000. Deutsche Bank AG lifted its holdings in National Western Life Group by 16.9% in the third quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock worth $481,000 after buying an additional 159 shares during the period. Rhumbline Advisers lifted its holdings in National Western Life Group by 2.2% in the third quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares during the period. Finally, FCA Corp TX lifted its holdings in National Western Life Group by 2.1% in the third quarter. FCA Corp TX now owns 10,563 shares of the financial services provider’s stock worth $4,621,000 after buying an additional 217 shares during the period. 81.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of National Western Life Group in a report on Monday. They issued a “hold” rating for the company.

National Western Life Group Stock Performance

NWLI stock opened at $488.48 on Monday. The firm has a 50 day moving average price of $488.35 and a 200-day moving average price of $484.06. National Western Life Group, Inc. has a 52-week low of $250.80 and a 52-week high of $493.00. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 18.30 and a beta of 0.71.

National Western Life Group (NASDAQ:NWLI) last released its 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 business had revenue of $207.87 million for the quarter.

National Western Life Group 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.