National Western Life Group (NASDAQ:NWLI) Sets New 52-Week High at $499.45

National Western Life Group, Inc. (NASDAQ:NWLI) reached a new 52-week high during trading on Wednesday . The company traded as high as $499.45 and last traded at $499.30, with a volume of 70344 shares trading hands. The stock had previously closed at $497.00.

Wall Street Analyst Weigh In

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

National Western Life Group Stock Up 0.5 %

The company has a market cap of $1.82 billion, a PE ratio of 11.29 and a beta of 0.75. The firm’s fifty day simple moving average is $491.04 and its 200-day simple moving average is $487.59.

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 business 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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in National Western Life Group by 16.9% during the 3rd quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 159 shares in the last quarter. Rhumbline Advisers lifted its position in shares of National Western Life Group by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its position 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 purchasing an additional 3,300 shares during the last quarter. Lazard Asset Management LLC bought a new stake in National Western Life Group in the 3rd quarter valued at about $528,000. Finally, American Century Companies Inc. lifted its position in National Western Life Group by 3.1% in the 3rd quarter. American Century Companies Inc. now owns 15,076 shares of the financial services provider’s stock valued at $6,596,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.