BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a strong sell rating to a sell rating in a research note released on Friday morning.

Separately, ValuEngine downgraded National Western Life Group from a hold rating to a sell rating in a research note on Monday, July 2nd.

NWLI opened at $324.00 on Friday. National Western Life Group has a fifty-two week low of $276.00 and a fifty-two week high of $368.00. The stock has a market cap of $1.16 billion, a PE ratio of 9.90 and a beta of 1.22.

National Western Life Group (NASDAQ:NWLI) last issued its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $8.58 earnings per share for the quarter. National Western Life Group had a return on equity of 6.14% and a net margin of 15.95%. The business had revenue of $174.66 million for the quarter.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of National Western Life Group in the 2nd quarter valued at approximately $117,000. SG Americas Securities LLC bought a new position in shares of National Western Life Group in the 2nd quarter valued at approximately $120,000. Assetmark Inc. bought a new position in shares of National Western Life Group in the 1st quarter valued at approximately $164,000. Sei Investments Co. raised its stake in shares of National Western Life Group by 42.6% in the 2nd quarter. Sei Investments Co. now owns 542 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 162 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of National Western Life Group in the 1st quarter valued at approximately $247,000. 79.70% of the stock is currently owned by institutional investors and hedge funds.

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. It operates through Domestic Life Insurance, International Life Insurance, and Annuities segments. The company provides life insurance products for the savings and protection needs of policyholders; and annuity contracts for the asset accumulation and retirement needs of contract holders.

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