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

StockNews.com assumed coverage on shares of National Western Life Group (NASDAQ:NWLI) in a research report released on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

National Western Life Group Price Performance

NASDAQ NWLI opened at $499.98 on Friday. The stock has a market capitalization of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75. The business has a 50 day simple moving average of $494.75 and a 200 day simple moving average of $489.73. National Western Life Group has a one year low of $403.17 and a one year high of $499.99.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $20.82 EPS for the quarter. The company had revenue of $197.57 million during the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%.

Hedge Funds Weigh In On National Western Life Group

A number of institutional investors and hedge funds have recently made changes to their positions in NWLI. Longfellow Investment Management Co. LLC bought a new stake in National Western Life Group in the 4th quarter valued at about $52,000. Adalta Capital Management LLC bought a new stake in shares of National Western Life Group during the first quarter valued at approximately $153,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in National Western Life Group in the 4th quarter valued at $168,000. ProShare Advisors LLC bought a new stake in National Western Life Group during the 1st quarter valued at $201,000. Finally, SG Americas Securities LLC acquired a new position in National Western Life Group during the fourth quarter worth $209,000. Institutional investors own 81.57% of the company’s stock.

About National Western Life Group

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.