Tower Research Capital LLC TRC Makes New $50,000 Investment in National Western Life Group Inc (NASDAQ:NWLI)

Tower Research Capital LLC TRC acquired a new position in National Western Life Group Inc (NASDAQ:NWLI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 188 shares of the financial services provider’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NWLI. Advisor Group Inc. purchased a new stake in National Western Life Group in the second quarter worth about $36,000. Parallel Advisors LLC grew its holdings in National Western Life Group by 594.6% in the second quarter. Parallel Advisors LLC now owns 514 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 440 shares during the period. SG Americas Securities LLC purchased a new stake in National Western Life Group in the third quarter worth about $143,000. Susquehanna International Group LLP purchased a new stake in National Western Life Group in the second quarter worth about $260,000. Finally, Man Group plc grew its holdings in National Western Life Group by 60.9% in the second quarter. Man Group plc now owns 1,591 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 602 shares during the period. Institutional investors and hedge funds own 80.44% of the company’s stock.

NASDAQ:NWLI opened at $251.01 on Tuesday. The company’s 50 day moving average price is $267.05 and its 200-day moving average price is $264.90. National Western Life Group Inc has a 52 week low of $247.24 and a 52 week high of $316.70. The stock has a market cap of $920.37 million, a price-to-earnings ratio of 8.07 and a beta of 0.86.

The company also recently declared an annual dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 5th.

A number of equities research analysts have recently commented on NWLI shares. BidaskClub cut shares of National Western Life Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. ValuEngine upgraded shares of National Western Life Group from a “sell” rating to a “hold” rating in a report on Sunday, November 10th.

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. 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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