Wolverine Asset Management LLC Purchases New Shares in National Western Life Group, Inc. (NASDAQ:NWLI)

Wolverine Asset Management LLC acquired a new position in National Western Life Group, Inc. (NASDAQ:NWLI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,332 shares of the financial services provider's stock, valued at approximately $1,609,000. Wolverine Asset Management LLC owned approximately 0.09% of National Western Life Group at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of National Western Life Group by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider's stock valued at $1,718,000 after buying an additional 86 shares during the period. Deutsche Bank AG grew its stake in shares of National Western Life Group by 16.9% in the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider's stock valued at $481,000 after buying an additional 159 shares during the period. FCA Corp TX grew its stake in shares of National Western Life Group by 2.1% in the 3rd quarter. FCA Corp TX now owns 10,563 shares of the financial services provider's stock valued at $4,621,000 after buying an additional 217 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of National Western Life Group in the 4th quarter valued at about $168,000. Finally, SG Americas Securities LLC acquired a new stake in shares of National Western Life Group in the 4th quarter valued at about $209,000. 81.57% of the stock is owned by institutional investors.

National Western Life Group Stock Performance

Shares of National Western Life Group stock traded down $1.90 during mid-day trading on Thursday, hitting $488.15. 21,908 shares of the stock were exchanged, compared to its average volume of 15,919. National Western Life Group, Inc. has a 12 month low of $247.25 and a 12 month high of $493.00. The company has a 50-day simple moving average of $487.82 and a 200 day simple moving average of $483.69. The company has a market capitalization of $1.78 billion, a P/E ratio of 18.28 and a beta of 0.71.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on National Western Life Group in a research note on Saturday, April 20th. They set a "hold" rating for the company.

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 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.