Thrivent Financial for Lutherans Trims Holdings in National Western Life Group Inc (NASDAQ:NWLI)

Thrivent Financial for Lutherans lowered its stake in shares of National Western Life Group Inc (NASDAQ:NWLI) by 27.6% in the first quarter, HoldingsChannel.com reports. The firm owned 2,013 shares of the financial services provider’s stock after selling 768 shares during the period. Thrivent Financial for Lutherans’ holdings in National Western Life Group were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NWLI. BNP Paribas Arbitrage SA boosted its holdings in National Western Life Group by 12.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 753 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 84 shares during the period. Rhumbline Advisers increased its stake in National Western Life Group by 8.1% during the first quarter. Rhumbline Advisers now owns 4,302 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 321 shares during the period. BlackRock Inc. lifted its position in shares of National Western Life Group by 2.2% during the first quarter. BlackRock Inc. now owns 178,911 shares of the financial services provider’s stock worth $30,772,000 after purchasing an additional 3,881 shares in the last quarter. Citigroup Inc. boosted its stake in shares of National Western Life Group by 51.2% in the first quarter. Citigroup Inc. now owns 744 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 252 shares during the period. Finally, State Street Corp grew its holdings in shares of National Western Life Group by 4.9% in the first quarter. State Street Corp now owns 50,144 shares of the financial services provider’s stock valued at $8,625,000 after purchasing an additional 2,333 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

A number of research firms have issued reports on NWLI. BidaskClub upgraded shares of National Western Life Group from a “hold” rating to a “buy” rating in a report on Friday, May 29th. ValuEngine lowered National Western Life Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd.

NWLI stock opened at $195.36 on Wednesday. The business’s 50-day moving average is $196.22 and its two-hundred day moving average is $225.23. The firm has a market capitalization of $666.19 million, a P/E ratio of 7.73 and a beta of 1.11. National Western Life Group Inc has a 1 year low of $120.55 and a 1 year high of $298.00.

National Western Life Group (NASDAQ:NWLI) last released its earnings results on Monday, May 11th. The financial services provider reported ($0.58) earnings per share for the quarter. National Western Life Group had a return on equity of 4.22% and a net margin of 13.28%. The firm had revenue of $52.49 million for the quarter.

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.

Further Reading: Recession

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Institutional Ownership by Quarter for National Western Life Group (NASDAQ:NWLI)

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