National Western Life Group (NASDAQ:NWLI) Reaches New 52-Week High at $495.50

National Western Life Group, Inc. (NASDAQ:NWLI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $495.50 and last traded at $494.50, with a volume of 9230 shares. The stock had previously closed at $492.66.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of National Western Life Group in a research report on Saturday, June 15th. They set a “hold” rating for the company.

National Western Life Group Stock Performance

The firm’s 50-day moving average is $489.80 and its 200 day moving average is $486.85. The stock has a market cap of $1.80 billion, a PE ratio of 11.24 and a beta of 0.72.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $20.82 earnings per share (EPS) for the quarter. The company had revenue of $197.57 million for the quarter. National Western Life Group had a net margin of 20.22% and a return on equity of 6.40%.

Hedge Funds Weigh In On National Western Life Group

A number of institutional investors and hedge funds have recently made changes to their positions in NWLI. Allspring Global Investments Holdings LLC grew its stake in National Western Life Group by 10.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider’s stock valued at $42,938,000 after acquiring an additional 8,681 shares during the last quarter. DLD Asset Management LP purchased a new position in National Western Life Group in the 4th quarter valued at about $1,063,000. Glazer Capital LLC purchased a new position in National Western Life Group in the 4th quarter valued at about $44,735,000. ACR Alpine Capital Research LLC purchased a new position in National Western Life Group in the 4th quarter valued at about $812,000. Finally, Nomura Holdings Inc. purchased a new position in National Western Life Group in the 4th quarter valued at about $1,502,000. 81.57% of the stock is owned by institutional investors and hedge funds.

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 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.