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

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

National Western Life Group Trading Up 0.0 %

Shares of NWLI opened at $488.30 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 18.29 and a beta of 0.71. National Western Life Group has a 1-year low of $250.16 and a 1-year high of $493.00. The company’s fifty day simple moving average is $487.97 and its 200 day simple moving average is $483.73.

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

Hedge Funds Weigh In On National Western Life Group

Several large investors have recently modified their holdings of NWLI. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $7,167,000 after acquiring an additional 597 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of National Western Life Group in the third quarter valued at about $225,000. Deutsche Bank AG grew its stake in shares of 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 valued at $481,000 after acquiring an additional 159 shares in the last quarter. Rhumbline Advisers grew its stake in shares of 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 valued at $1,718,000 after acquiring an additional 86 shares in the last quarter. Finally, FCA Corp TX grew its stake in shares of 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 valued at $4,621,000 after acquiring an additional 217 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

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.