Research coverage of National Western Life Group (NASDAQ:NWLI) launched on StockNews.com

StockNews.com’s equity analysts began reporting on shares of National Western Life Group (NASDAQ:NWLI – Get a Free Report) in a research note published on Sunday. The company rated the financial services provider’s stock as “Hold”.

National Western Life Group share price rises 0.1%

NASDAQ NWLI shares opened at $499.98 on Friday. The company’s 50-day moving average price is $497.00 and its 200-day moving average price is $490.85. National Western Life Group has a 52-week low of $403.17 and a 52-week high of $499.99. The company has a market cap of $1.82 billion, a P/E ratio of 11.35 and a beta of 0.75.

National Western Life Group (NASDAQ:NWLI – Free Report) last released its quarterly earnings results on Thursday, May 9. The financial services provider reported earnings per share of $20.82 for the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%. The company posted revenue of $197.57 million for the quarter.

Hedge funds comment on National Western Life Group

A number of institutional investors and hedge funds have recently changed their holdings in NWLI. Longfellow Investment Management Co. LLC acquired a new stake in National Western Life Group during the fourth quarter valued at approximately $52,000. Innealta Capital LLC acquired a new stake in National Western Life Group during the second quarter valued at approximately $144,000. Adalta Capital Management LLC acquired a new stake in National Western Life Group during the first quarter valued at approximately $153,000. Zürcher Kantonalbank Zürich Cantonalbank acquired a new stake in National Western Life Group during the fourth quarter valued at approximately $168,000. Finally, ProShare Advisors LLC acquired a new stake in National Western Life Group during the first quarter valued at approximately $201,000. 81.57% of the shares are currently owned by hedge funds and other institutional investors.

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. The company operates through Life Insurance (Domestic), Life Insurance (International), Annuity and ONL and Affiliates segments.