National Western Life Group, Inc. (NASDAQ:NWLI) Sees Large Drop in Short Interest

National Western Life Group, Inc. (NASDAQ:NWLI - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 28,500 shares, a decrease of 36.5% from the March 15th total of 44,900 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is currently 2.4 days. Approximately 1.3% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of National Western Life Group in a report on Friday. They set a "hold" rating on the stock.

National Western Life Group Stock Up 0.1 %

Shares of NWLI stock traded up $0.69 during trading hours on Friday, hitting $491.02. 13,212 shares of the company were exchanged, compared to its average volume of 13,879. The firm has a market cap of $1.79 billion, a PE ratio of 18.39 and a beta of 0.71. National Western Life Group has a 1 year low of $226.62 and a 1 year high of $493.00. The firm has a fifty day moving average of $487.19 and a 200 day moving average of $480.05.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NWLI. Glazer Capital LLC purchased a new position in National Western Life Group in the fourth quarter valued at approximately $44,735,000. Envestnet Asset Management Inc. purchased a new position in National Western Life Group in the first quarter valued at approximately $25,000. Hsbc Holdings PLC purchased a new position in National Western Life Group in the fourth quarter valued at approximately $11,931,000. Balyasny Asset Management L.P. raised its holdings in National Western Life Group by 186.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 31,537 shares of the financial services provider's stock valued at $15,233,000 after buying an additional 20,531 shares during the period. Finally, Westchester Capital Management LLC purchased a new position in National Western Life Group in the fourth quarter valued at approximately $7,635,000. Hedge funds and other 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.

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