National Western Life Group (NASDAQ:NWLI) Cut to Strong Sell at BidaskClub

BidaskClub downgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a strong sell rating in a report issued on Tuesday, BidAskClub reports.

Separately, ValuEngine downgraded shares of National Western Life Group from a hold rating to a sell rating in a report on Thursday, March 21st.

Shares of NASDAQ:NWLI opened at $262.20 on Tuesday. The stock has a market cap of $941.82 million, a P/E ratio of 7.61 and a beta of 0.99. National Western Life Group has a 12 month low of $252.49 and a 12 month high of $335.00.

National Western Life Group (NASDAQ:NWLI) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $10.34 EPS for the quarter. The company had revenue of $217.91 million for the quarter. National Western Life Group had a net margin of 19.14% and a return on equity of 6.16%.

Large investors have recently modified their holdings of the stock. New York State Teachers Retirement System bought a new position in National Western Life Group during the 4th quarter valued at about $60,000. Squarepoint Ops LLC purchased a new stake in National Western Life Group in the 4th quarter valued at about $235,000. D. E. Shaw & Co. Inc. purchased a new stake in National Western Life Group in the 4th quarter valued at about $269,000. American Century Companies Inc. purchased a new stake in National Western Life Group in the 4th quarter valued at about $297,000. Finally, RK Asset Management LLC boosted its position in National Western Life Group by 1.1% in the 1st quarter. RK Asset Management LLC now owns 55,785 shares of the financial services provider’s stock valued at $14,642,000 after buying an additional 592 shares during the period. Institutional investors own 79.53% of the company’s stock.

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.

Read More: Net Margin

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