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

Shares of National Western Life Group, Inc. (NASDAQ:NWLI) reached a new 52-week high during mid-day 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 initiated coverage on shares of National Western Life Group in a research report on Saturday, June 15th. They issued a “hold” rating on the stock.

National Western Life Group Stock Performance

The stock has a market cap of $1.81 billion, a PE ratio of 11.26 and a beta of 0.72. The company’s 50 day simple moving average is $490.25 and its 200 day simple moving average is $487.13.

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

Institutional Investors Weigh In On National Western Life Group

Large investors have recently modified their holdings of the stock. Longfellow Investment Management Co. LLC purchased a new stake in shares of National Western Life Group during the 4th quarter worth approximately $52,000. Adalta Capital Management LLC bought a new position in National Western Life Group in the 1st quarter worth approximately $153,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in National Western Life Group in the 4th quarter worth approximately $168,000. ProShare Advisors LLC bought a new position in National Western Life Group in the 1st quarter worth approximately $201,000. Finally, SG Americas Securities LLC bought a new position in National Western Life Group in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors 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.