National Western Life Group, Inc. (NASDAQ:NWLI - Get Free Report) shares saw an uptick in trading volume on Wednesday . 7,767 shares traded hands during trading, a decline of 42% from the previous session's volume of 13,344 shares.The stock last traded at $490.98 and had previously closed at $491.60.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on National Western Life Group in a report on Thursday, April 4th. They set a "hold" rating for the company.
View Our Latest Stock Report on NWLI
National Western Life Group Trading Down 0.0 %
The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.41 and a beta of 0.71. The company has a fifty day moving average price of $486.90 and a 200-day moving average price of $479.66.
National Western Life Group (NASDAQ:NWLI - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The financial services provider reported ($3.46) earnings per share (EPS) for the quarter. National Western Life Group had a net margin of 13.05% and a return on equity of 3.96%. The firm had revenue of $207.87 million for the quarter.
Institutional Investors Weigh In On National Western Life Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its holdings in National Western Life Group by 14.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 204 shares of the financial services provider's stock worth $85,000 after purchasing an additional 25 shares during the last quarter. Royal Bank of Canada increased its position in National Western Life Group by 0.8% in the 3rd quarter. Royal Bank of Canada now owns 3,657 shares of the financial services provider's stock worth $1,600,000 after buying an additional 30 shares during the period. Invesco Ltd. increased its position in National Western Life Group by 0.4% in the 3rd quarter. Invesco Ltd. now owns 12,180 shares of the financial services provider's stock worth $5,329,000 after buying an additional 43 shares during the period. The Manufacturers Life Insurance Company increased its position in National Western Life Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 879 shares of the financial services provider's stock worth $365,000 after buying an additional 44 shares during the period. Finally, Osaic Holdings Inc. increased its position in National Western Life Group by 340.0% in the 2nd quarter. Osaic Holdings Inc. now owns 66 shares of the financial services provider's stock worth $27,000 after buying an additional 51 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.
About National Western Life Group
(
Get Free Report)
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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