National Western Life Group (NASDAQ:NWLI) Upgraded at BidaskClub

BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, BidAskClub reports.

Separately, ValuEngine downgraded shares of National Western Life Group from a hold rating to a sell rating in a research report on Saturday, June 22nd.

NWLI stock opened at $279.01 on Thursday. National Western Life Group has a 12-month low of $247.24 and a 12-month high of $329.00. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 7.96 and a beta of 0.90. The company has a 50 day moving average of $259.50 and a two-hundred day moving average of $266.52.

National Western Life Group (NASDAQ:NWLI) last released its earnings results on Wednesday, August 7th. The financial services provider reported $9.62 earnings per share (EPS) for the quarter. National Western Life Group had a net margin of 18.81% and a return on equity of 6.19%. The company had revenue of $192.69 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in shares of National Western Life Group by 2.4% during the 1st quarter. FMR LLC now owns 251,279 shares of the financial services provider’s stock worth $65,953,000 after purchasing an additional 5,832 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National Western Life Group by 6.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 247,788 shares of the financial services provider’s stock worth $74,509,000 after purchasing an additional 15,394 shares during the last quarter. BlackRock Inc. increased its stake in shares of National Western Life Group by 7.3% during the 2nd quarter. BlackRock Inc. now owns 167,293 shares of the financial services provider’s stock worth $42,995,000 after purchasing an additional 11,379 shares during the last quarter. RK Asset Management LLC increased its stake in shares of National Western Life Group by 0.8% during the 2nd quarter. RK Asset Management LLC now owns 56,239 shares of the financial services provider’s stock worth $14,453,000 after purchasing an additional 454 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of National Western Life Group by 2.3% during the 2nd quarter. Northern Trust Corp now owns 32,781 shares of the financial services provider’s stock worth $8,424,000 after purchasing an additional 724 shares during the last quarter. Institutional investors own 79.79% 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. 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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