National Western Life Group (NWLI) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a hold rating in a research report report published on Monday, ValuEngine reports.

Separately, BidaskClub lowered shares of National Western Life Group from a sell rating to a strong sell rating in a research report on Wednesday, March 6th.

NASDAQ:NWLI traded up $0.87 on Monday, reaching $277.00. The stock had a trading volume of 2,962 shares, compared to its average volume of 8,068. The firm has a market cap of $991.97 million, a PE ratio of 8.55 and a beta of 1.07. National Western Life Group has a 1-year low of $252.49 and a 1-year high of $335.00.

National Western Life Group (NASDAQ:NWLI) last announced its earnings results on Thursday, February 28th. The financial services provider reported $5.53 earnings per share (EPS) for the quarter. National Western Life Group had a net margin of 20.57% and a return on equity of 5.77%. The company had revenue of $42.49 million for the quarter.

Several hedge funds have recently made changes to their positions in NWLI. Dimensional Fund Advisors LP lifted its position in shares of National Western Life Group by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 247,788 shares of the financial services provider’s stock worth $74,509,000 after purchasing an additional 15,394 shares in the last quarter. BlackRock Inc. lifted its holdings in National Western Life Group by 3.1% in the fourth quarter. BlackRock Inc. now owns 160,131 shares of the financial services provider’s stock valued at $48,153,000 after buying an additional 4,882 shares during the period. Vanguard Group Inc lifted its holdings in National Western Life Group by 2.3% in the third quarter. Vanguard Group Inc now owns 197,924 shares of the financial services provider’s stock valued at $63,178,000 after buying an additional 4,357 shares during the period. Vanguard Group Inc. lifted its holdings in National Western Life Group by 2.3% in the third quarter. Vanguard Group Inc. now owns 197,924 shares of the financial services provider’s stock valued at $63,178,000 after buying an additional 4,357 shares during the period. Finally, James Investment Research Inc. acquired a new position in National Western Life Group in the fourth quarter valued at approximately $1,083,000. Institutional investors own 79.69% 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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