National Western Life Group (NASDAQ:NWLI) Reaches New 12-Month High at $498.99

National Western Life Group, Inc. (NASDAQ:NWLI) reached a new 52-week high during trading on Thursday . The company traded as high as $498.99 and last traded at $498.00, with a volume of 14101 shares traded. The stock had previously closed at $496.00.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on National Western Life Group in a research report on Saturday, June 15th. They set a “hold” rating on the stock.

National Western Life Group Stock Performance

The firm has a market capitalization of $1.81 billion, a P/E ratio of 11.28 and a beta of 0.72. The stock has a 50-day moving average of $490.66 and a 200 day moving average of $487.31.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWLI. Glazer Capital LLC acquired a new position in National Western Life Group during the 4th quarter worth $44,735,000. Hsbc Holdings PLC acquired a new position in National Western Life Group during the 4th quarter worth $11,931,000. Vanguard Group Inc. lifted its holdings in National Western Life Group by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 209,149 shares of the financial services provider’s stock worth $102,893,000 after buying an additional 17,540 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of National Western Life Group by 122.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,960 shares of the financial services provider’s stock valued at $11,295,000 after purchasing an additional 12,660 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of National Western Life Group by 447.8% in the 1st quarter. Gabelli Funds LLC now owns 10,956 shares of the financial services provider’s stock valued at $5,390,000 after purchasing an additional 8,956 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.