Glacier Peak Capital LLC Invests $1.03 Million in National Western Life Group, Inc. (NASDAQ:NWLI) Stock

Glacier Peak Capital LLC acquired a new stake in National Western Life Group, Inc. (NASDAQ:NWLI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,963 shares of the financial services provider’s stock, valued at approximately $1,034,000. National Western Life Group makes up 1.3% of Glacier Peak Capital LLC’s portfolio, making the stock its 15th largest holding. Glacier Peak Capital LLC owned 0.08% of National Western Life Group at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NWLI. Dimensional Fund Advisors LP increased its position in National Western Life Group by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 198,205 shares of the financial services provider’s stock worth $69,173,000 after buying an additional 2,351 shares during the period. Schroder Investment Management Group increased its position in National Western Life Group by 10.7% in the 4th quarter. Schroder Investment Management Group now owns 62,561 shares of the financial services provider’s stock worth $20,709,000 after buying an additional 6,062 shares during the period. State Street Corp increased its position in National Western Life Group by 6.9% in the 2nd quarter. State Street Corp now owns 45,206 shares of the financial services provider’s stock worth $14,451,000 after buying an additional 2,902 shares during the period. Schwab Charles Investment Management Inc. increased its position in National Western Life Group by 1.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 23,635 shares of the financial services provider’s stock worth $8,249,000 after buying an additional 348 shares during the period. Finally, Geode Capital Management LLC increased its position in National Western Life Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 20,483 shares of the financial services provider’s stock worth $6,780,000 after buying an additional 455 shares during the period. 80.32% of the stock is currently owned by institutional investors and hedge funds.

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Several brokerages have commented on NWLI. BidaskClub raised National Western Life Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine downgraded National Western Life Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd.

Shares of NASDAQ NWLI opened at $306.70 on Friday. The company has a market capitalization of $1,105.16, a price-to-earnings ratio of 10.66 and a beta of 1.35. National Western Life Group, Inc. has a 12 month low of $276.00 and a 12 month high of $368.00.

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

In other news, CEO Ross R. Moody sold 212 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $321.99, for a total transaction of $68,261.88. Following the sale, the chief executive officer now directly owns 5,000 shares in the company, valued at $1,609,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Robert L. Moody sold 726 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $320.58, for a total value of $232,741.08. Following the sale, the insider now owns 1,166,596 shares in the company, valued at $373,987,345.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,713 shares of company stock worth $541,906. 1.00% of the stock is currently owned by company insiders.

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National Western Life Group Profile

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.

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

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