BlackRock Inc. Has $49.24 Million Stake in National Western Life Group, Inc. (NWLI)

BlackRock Inc. cut its position in National Western Life Group, Inc. (NASDAQ:NWLI) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,760 shares of the financial services provider’s stock after selling 1,083 shares during the period. BlackRock Inc.’s holdings in National Western Life Group were worth $49,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of National Western Life Group by 10.1% in the fourth quarter. Swiss National Bank now owns 4,349 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 400 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of National Western Life Group by 369.6% in the fourth quarter. SG Americas Securities LLC now owns 1,686 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 1,327 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of National Western Life Group by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 198,205 shares of the financial services provider’s stock worth $69,173,000 after purchasing an additional 2,351 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of National Western Life Group in the third quarter worth $960,000. Finally, California Public Employees Retirement System increased its stake in shares of National Western Life Group by 16.5% in the third quarter. California Public Employees Retirement System now owns 8,154 shares of the financial services provider’s stock worth $2,846,000 after purchasing an additional 1,154 shares in the last quarter. 80.32% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have recently issued reports on NWLI shares. BidaskClub cut shares of National Western Life Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 28th. ValuEngine cut shares of National Western Life Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

In related news, CEO Ross R. Moody sold 212 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $321.99, for a total transaction of $68,261.88. Following the completion of the transaction, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $1,609,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ross R. Moody sold 608 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $312.48, for a total transaction of $189,987.84. Following the transaction, the chief executive officer now directly owns 5,518 shares of the company’s stock, valued at $1,724,264.64. The disclosure for this sale can be found here. Insiders have sold 1,713 shares of company stock valued at $541,906 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

NWLI opened at $306.70 on Friday. The firm has a market cap of $1,105.16, a P/E ratio of 10.66 and a beta of 1.35. National Western Life Group, Inc. has a fifty-two week low of $276.00 and a fifty-two week high of $368.00.

National Western Life Group (NASDAQ:NWLI) last posted its earnings results on Wednesday, February 28th. The financial services provider reported $10.48 earnings per share for the quarter. The company had revenue of $247.82 million during the quarter. National Western Life Group had a net margin of 12.27% and a return on equity of 5.52%.

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

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