BidaskClub Lowers National Western Life Group (NASDAQ:NWLI) to Sell

BidaskClub lowered shares of National Western Life Group (NASDAQ:NWLI) from a hold rating to a sell rating in a research note issued to investors on Wednesday, BidAskClub reports.

Separately, ValuEngine upgraded shares of National Western Life Group from a sell rating to a hold rating in a research report on Wednesday, October 2nd.

NWLI traded up $0.72 on Wednesday, hitting $268.30. 118 shares of the company were exchanged, compared to its average volume of 4,732. The business’s fifty day moving average is $267.37 and its 200 day moving average is $264.64. National Western Life Group has a fifty-two week low of $247.24 and a fifty-two week high of $316.70. The firm has a market capitalization of $954.81 million, a P/E ratio of 7.49 and a beta of 0.90.

National Western Life Group (NASDAQ:NWLI) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $9.62 earnings per share for the quarter. National Western Life Group had a net margin of 18.81% and a return on equity of 6.19%. The company had revenue of $192.69 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its position in National Western Life Group by 2.4% during the first quarter. FMR LLC now owns 251,279 shares of the financial services provider’s stock worth $65,953,000 after buying an additional 5,832 shares during the period. BlackRock Inc. grew its position in National Western Life Group by 7.3% during the second quarter. BlackRock Inc. now owns 167,293 shares of the financial services provider’s stock worth $42,995,000 after buying an additional 11,379 shares during the period. RK Asset Management LLC grew its position in shares of National Western Life Group by 0.8% in the second quarter. RK Asset Management LLC now owns 56,239 shares of the financial services provider’s stock valued at $14,453,000 after purchasing an additional 454 shares during the last quarter. Northern Trust Corp grew its position in shares of National Western Life Group by 2.3% in the second quarter. Northern Trust Corp now owns 32,781 shares of the financial services provider’s stock valued at $8,424,000 after purchasing an additional 724 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of National Western Life Group by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,826 shares of the financial services provider’s stock valued at $7,666,000 after purchasing an additional 2,052 shares during the last quarter. Institutional investors own 79.79% 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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