National Western Life Group Inc (NASDAQ:NWLI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in shares of National Western Life Group Inc (NASDAQ:NWLI) by 23.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,918 shares of the financial services provider’s stock after selling 6,106 shares during the period. Prudential Financial Inc. owned approximately 0.55% of National Western Life Group worth $5,119,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NWLI. Advisor Group Inc. purchased a new position in National Western Life Group in the 2nd quarter valued at about $36,000. Parallel Advisors LLC lifted its stake in National Western Life Group by 594.6% in the 2nd quarter. Parallel Advisors LLC now owns 514 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 440 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in National Western Life Group by 180.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 521 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 335 shares in the last quarter. SG Americas Securities LLC lifted its stake in National Western Life Group by 177.2% in the 1st quarter. SG Americas Securities LLC now owns 1,081 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 691 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in National Western Life Group by 71.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,224 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

A number of research analysts have weighed in on NWLI shares. BidaskClub raised shares of National Western Life Group from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered shares of National Western Life Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd.

Shares of NWLI stock traded down $21.28 during trading on Friday, hitting $257.82. 477 shares of the stock traded hands, compared to its average volume of 5,922. The firm has a market capitalization of $938.47 million, a P/E ratio of 7.67 and a beta of 0.90. The firm’s fifty day moving average price is $259.12 and its 200-day moving average price is $266.66. National Western Life Group Inc has a 52-week low of $247.24 and a 52-week high of $329.00.

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

National Western Life Group Company Profile

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

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