Russell Investments Group Ltd. Sells 1,293 Shares of National Western Life Group Inc (NWLI)

Russell Investments Group Ltd. lessened its position in shares of National Western Life Group Inc (NASDAQ:NWLI) by 11.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,479 shares of the financial services provider’s stock after selling 1,293 shares during the quarter. Russell Investments Group Ltd.’s holdings in National Western Life Group were worth $3,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NWLI. Teacher Retirement System of Texas acquired a new stake in shares of National Western Life Group during the 4th quarter worth approximately $272,000. Swiss National Bank grew its holdings in shares of National Western Life Group by 10.1% during the 4th 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. Wells Fargo & Company MN grew its holdings in shares of National Western Life Group by 29.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,395 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 763 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of National Western Life Group during the 4th quarter worth approximately $623,000. Finally, Geode Capital Management LLC boosted its stake 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 valued at $6,780,000 after buying an additional 455 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors.

Shares of NWLI stock opened at $311.34 on Tuesday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 10.31 and a beta of 1.31. National Western Life Group Inc has a one year low of $276.00 and a one year high of $368.00.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $7.46 EPS for the quarter. The business had revenue of $109.02 million for the quarter. National Western Life Group had a return on equity of 5.71% and a net margin of 14.56%.

NWLI has been the topic of several recent analyst reports. BidaskClub raised National Western Life Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. ValuEngine lowered National Western Life Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

In related news, major shareholder Robert L. Moody sold 168 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $309.95, for a total value of $52,071.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director E Douglas Mcleod sold 206 shares of the business’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $304.61, for a total value of $62,749.66. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $913,830. The disclosure for this sale can be found here. In the last ninety days, insiders sold 580 shares of company stock worth $179,608. 0.52% of the stock is owned by insiders.

About National Western Life Group

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.

Want to see what other hedge funds are holding NWLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Western Life Group Inc (NASDAQ:NWLI).

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

Receive News & Ratings for National Western Life Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Western Life Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply