National Western Life Group (NWLI) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a hold rating in a report published on Wednesday.

Shares of National Western Life Group (NASDAQ:NWLI) traded down $2.11 during trading hours on Wednesday, hitting $339.75. 6,600 shares of the stock were exchanged, compared to its average volume of 8,034. National Western Life Group has a 52 week low of $287.10 and a 52 week high of $368.00. The firm has a market capitalization of $1,243.00, a price-to-earnings ratio of 14.10 and a beta of 1.46.

The business also recently declared an annual dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 8th were paid a $0.36 dividend. This represents a yield of 0.1%. The ex-dividend date was Tuesday, November 7th. National Western Life Group’s dividend payout ratio (DPR) is currently 1.35%.

Large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its position in shares of National Western Life Group by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 387 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC purchased a new position in National Western Life Group in the third quarter valued at about $125,000. BNP Paribas Arbitrage SA boosted its stake in National Western Life Group by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 476 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 296 shares during the last quarter. Victory Capital Management Inc. boosted its stake in National Western Life Group by 17.5% in the second quarter. Victory Capital Management Inc. now owns 563 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 84 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of National Western Life Group by 3.1% in the second quarter. Legal & General Group Plc now owns 574 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 17 shares during the period. 79.77% of the stock is owned by institutional investors.

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About National Western Life Group

National Western Life Insurance Company (National Western) is a stock life insurance company. The Company operates in two segments: Domestic Insurance Operations and International Insurance Operations. The products marketed under domestic insurance operations are annuities, universal life insurance and traditional life insurance, which include both term and whole life products.

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