National Western Life Group (NASDAQ:NWLI) Lowered to “Sell” at BidaskClub

National Western Life Group (NASDAQ:NWLI) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday, October 27th.

Separately, ValuEngine lowered National Western Life Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd.

NWLI traded up $2.92 during trading on Friday, hitting $295.84. The company had a trading volume of 16,666 shares, compared to its average volume of 8,983. The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.12 and a beta of 1.35. National Western Life Group has a one year low of $260.64 and a one year high of $361.35.

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of National Western Life Group by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 222,043 shares of the financial services provider’s stock valued at $68,225,000 after buying an additional 11,571 shares during the last quarter. BlackRock Inc. lifted its position in National Western Life Group by 3.7% during the second quarter. BlackRock Inc. now owns 155,900 shares of the financial services provider’s stock worth $47,904,000 after acquiring an additional 5,516 shares during the last quarter. FMR LLC lifted its position in National Western Life Group by 1.7% during the second quarter. FMR LLC now owns 253,422 shares of the financial services provider’s stock worth $77,866,000 after acquiring an additional 4,144 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in National Western Life Group by 19.6% during the 2nd quarter. Renaissance Technologies LLC now owns 22,000 shares of the financial services provider’s stock worth $6,760,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Shufro Rose & Co. LLC lifted its holdings in shares of National Western Life Group by 7.8% during the third quarter. Shufro Rose & Co. LLC now owns 46,525 shares of the financial services provider’s stock worth $14,851,000 after buying an additional 3,376 shares in the last quarter. Hedge funds and other institutional investors own 79.58% 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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