National Western Life Group Inc (NASDAQ:NWLI) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 23,800 shares, an increase of 11.2% from the April 30th total of 21,400 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 9,100 shares, the short-interest ratio is currently 2.6 days.

A number of institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in shares of National Western Life Group by 4.2% in the third quarter. Morgan Stanley now owns 7,600 shares of the financial services provider’s stock worth $2,426,000 after buying an additional 304 shares during the period. Rhumbline Advisers boosted its position in shares of National Western Life Group by 26.4% in the fourth quarter. Rhumbline Advisers now owns 3,615 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 755 shares during the period. Dean Capital Investments Management LLC boosted its position in shares of National Western Life Group by 13.3% in the fourth quarter. Dean Capital Investments Management LLC now owns 1,888 shares of the financial services provider’s stock worth $568,000 after buying an additional 222 shares during the period. BlackRock Inc. boosted its position in shares of National Western Life Group by 3.1% in the fourth quarter. BlackRock Inc. now owns 160,131 shares of the financial services provider’s stock worth $48,153,000 after buying an additional 4,882 shares during the period. Finally, Garrison Point Advisors LLC acquired a new stake in shares of National Western Life Group in the fourth quarter worth $601,000. Institutional investors and hedge funds own 79.53% of the company’s stock.

National Western Life Group stock traded down $2.21 during midday trading on Friday, hitting $254.76. 14,184 shares of the stock were exchanged, compared to its average volume of 7,350. National Western Life Group has a 52-week low of $252.49 and a 52-week high of $335.00. The stock has a market cap of $927.33 million, a PE ratio of 7.55 and a beta of 0.99.

National Western Life Group (NASDAQ:NWLI) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $10.34 earnings per share for the quarter. National Western Life Group had a net margin of 19.14% and a return on equity of 6.16%. The business had revenue of $217.91 million for the quarter.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of National Western Life Group from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. BidaskClub cut shares of National Western Life Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th.

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. 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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