BidaskClub downgraded shares of National Western Life Group (NASDAQ:NWLI) from a hold rating to a sell rating in a report released on Tuesday morning.

Shares of National Western Life Group (NWLI) opened at $333.40 on Tuesday. The firm has a market cap of $1,200.79, a P/E ratio of 13.62 and a beta of 1.46. National Western Life Group has a 12-month low of $287.10 and a 12-month high of $368.00.

The firm also recently declared an annual dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 8th were given a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a yield of 0.1%. National Western Life Group’s dividend payout ratio (DPR) is 1.35%.

A number of hedge funds have recently added to or reduced their stakes in NWLI. Oppenheimer Asset Management Inc. raised its position in National Western Life Group by 107.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 387 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC purchased a new stake in National Western Life Group in the 3rd quarter valued at $125,000. BNP Paribas Arbitrage SA raised its position in National Western Life Group by 164.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 476 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 296 shares during the last quarter. Victory Capital Management Inc. raised its position in National Western Life Group by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 563 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 84 shares during the last quarter. Finally, Legal & General Group Plc raised its position in National Western Life Group by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 574 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

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National Western Life Group Company Profile

National Western Life Insurance Company (National Western) is a stock life insurance company. The Company operates in two segments: Domestic Insurance Operations and International Insurance Operations. The products marketed under domestic insurance operations are annuities, universal life insurance and traditional life insurance, which include both term and whole life products.

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