National Western Life Group (NASDAQ:NWLI) Sees Strong Trading Volume

National Western Life Group, Inc. (NASDAQ:NWLI) saw an uptick in trading volume on Tuesday . 34,074 shares were traded during mid-day trading, an increase of 141% from the previous session’s volume of 14,110 shares.The stock last traded at $488.50 and had previously closed at $489.00.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of National Western Life Group in a research note on Friday, April 12th. They issued a “hold” rating for the company.

National Western Life Group Trading Up 0.1 %

The stock has a fifty day simple moving average of $487.44 and a 200-day simple moving average of $481.40. The company has a market capitalization of $1.77 billion, a PE ratio of 18.26 and a beta of 0.71.

National Western Life Group (NASDAQ:NWLI) last posted its earnings results on Thursday, February 29th. The financial services provider reported ($3.46) earnings per share for the quarter. The business had revenue of $207.87 million for the quarter. National Western Life Group had a return on equity of 3.96% and a net margin of 13.05%.

Institutional Trading of National Western Life Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of National Western Life Group by 10.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock valued at $42,938,000 after purchasing an additional 8,681 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in National Western Life Group by 330.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 4,300 shares of the financial services provider’s stock valued at $1,881,000 after buying an additional 3,300 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of National Western Life Group in the 3rd quarter worth $528,000. Assenagon Asset Management S.A. purchased a new stake in shares of National Western Life Group in the third quarter valued at about $225,000. Finally, American Century Companies Inc. raised its stake in shares of National Western Life Group by 3.1% during the 3rd quarter. American Century Companies Inc. now owns 15,076 shares of the financial services provider’s stock worth $6,596,000 after buying an additional 451 shares in the last quarter. 81.57% 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 in the United States, Brazil, Taiwan, Peru, Venezuela, Colombia, and internationally. It operates through Domestic Life Insurance, International Life Insurance, Annuities, and ONL and Affiliates segments.