National Western Life Group (NWLI) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a hold rating in a research note published on Tuesday morning.

Separately, ValuEngine downgraded shares of National Western Life Group from a buy rating to a hold rating in a research note on Monday, April 2nd.

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NASDAQ:NWLI opened at $314.30 on Tuesday. National Western Life Group has a 12 month low of $276.00 and a 12 month high of $368.00. The firm has a market cap of $1,146.79, a PE ratio of 11.06 and a beta of 1.35.

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

In related news, 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 completion of the transaction, the chief executive officer now owns 5,518 shares of the company’s stock, valued at $1,724,264.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Robert L. Moody sold 726 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $320.58, for a total transaction of $232,741.08. Following the transaction, the insider now directly owns 1,166,596 shares of the company’s stock, valued at approximately $373,987,345.68. 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 quarter. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in shares of National Western Life Group by 1.2% during 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 during the last quarter. Schroder Investment Management Group raised its holdings in shares of National Western Life Group by 10.7% during the fourth quarter. Schroder Investment Management Group now owns 62,561 shares of the financial services provider’s stock worth $20,709,000 after purchasing an additional 6,062 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of National Western Life Group by 1.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 23,635 shares of the financial services provider’s stock worth $8,249,000 after purchasing an additional 348 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of National Western Life Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 20,483 shares of the financial services provider’s stock worth $6,780,000 after purchasing an additional 455 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of National Western Life Group by 29.5% during the fourth quarter. Renaissance Technologies LLC now owns 19,300 shares of the financial services provider’s stock worth $6,389,000 after purchasing an additional 4,400 shares during the last quarter. 80.32% of the stock is owned by hedge funds and other institutional investors.

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National Western Life Group Company 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.

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