National Western Life Group (NWLI) Upgraded at BidaskClub

National Western Life Group (NASDAQ:NWLI) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.

National Western Life Group (NASDAQ:NWLI) traded down $7.27 on Monday, hitting $313.28. The stock had a trading volume of 4,205 shares, compared to its average volume of 5,913. The firm has a market cap of $1,165.54, a price-to-earnings ratio of 11.73 and a beta of 1.40. National Western Life Group has a 12 month low of $292.20 and a 12 month high of $368.00.

National Western Life Group (NASDAQ:NWLI) last released its earnings results on Friday, November 3rd. The financial services provider reported $5.79 earnings per share (EPS) for the quarter. National Western Life Group had a return on equity of 4.75% and a net margin of 11.31%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWLI. Legal & General Group Plc grew its holdings in shares of National Western Life Group by 3.1% during the 2nd quarter. Legal & General Group Plc now owns 574 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 17 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of National Western Life Group by 1.6% during the 2nd quarter. Teachers Advisors LLC now owns 3,970 shares of the financial services provider’s stock worth $1,269,000 after purchasing an additional 63 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of National Western Life Group by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 6,015 shares of the financial services provider’s stock worth $1,923,000 after purchasing an additional 177 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of National Western Life Group by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 185,503 shares of the financial services provider’s stock worth $59,290,000 after purchasing an additional 3,907 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of National Western Life Group by 1.3% during the 2nd quarter. FMR LLC now owns 244,233 shares of the financial services provider’s stock worth $78,062,000 after purchasing an additional 3,016 shares in the last quarter. 79.84% of the stock is currently 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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