National Western Life Group (NASDAQ:NWLI) Upgraded at TheStreet

National Western Life Group (NASDAQ:NWLI) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

Shares of NASDAQ:NWLI opened at $227.50 on Wednesday. National Western Life Group has a 52-week low of $168.85 and a 52-week high of $260.00. The stock has a fifty day moving average of $241.27. The stock has a market capitalization of $827.19 million, a price-to-earnings ratio of 5.14 and a beta of 1.16.

National Western Life Group (NASDAQ:NWLI) last posted its quarterly earnings results on Monday, May 10th. The financial services provider reported $17.57 earnings per share (EPS) for the quarter. National Western Life Group had a net margin of 17.43% and a return on equity of 6.48%. The business had revenue of $230.38 million during the quarter.

Several large investors have recently modified their holdings of NWLI. Citigroup Inc. raised its stake in National Western Life Group by 247.7% in the fourth quarter. Citigroup Inc. now owns 518 shares of the financial services provider’s stock worth $107,000 after buying an additional 369 shares in the last quarter. SG Americas Securities LLC purchased a new stake in National Western Life Group in the fourth quarter worth about $130,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in National Western Life Group in the first quarter worth about $224,000. Beacon Pointe Advisors LLC purchased a new stake in National Western Life Group in the fourth quarter worth about $206,000. Finally, BNP Paribas Arbitrage SA grew its holdings in National Western Life Group by 59.2% in the first quarter. BNP Paribas Arbitrage SA now owns 1,283 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 477 shares during the period. 81.38% of the stock is owned by hedge funds and other institutional investors.

National Western Life Group Company Profile

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, Annuities, and Acquired Businesses 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.

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