Shares of National Western Life Group, Inc. (NASDAQ:NWLI – Get Rating) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $203.90 and traded as high as $210.34. National Western Life Group shares last traded at $207.90, with a volume of 6,155 shares.
Separately, StockNews.com assumed coverage on shares of National Western Life Group in a research note on Thursday, March 31st. They set a “hold” rating for the company.
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The firm has a market capitalization of $756.76 million, a PE ratio of 4.75 and a beta of 1.00. The business’s 50 day moving average is $203.90 and its two-hundred day moving average is $209.71.
National Western Life Group (NASDAQ:NWLI – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $10.23 earnings per share for the quarter. National Western Life Group had a net margin of 20.65% and a return on equity of 6.05%. The business had revenue of $134.30 million during the quarter.
In other news, Director David S. Boone purchased 200 shares of the business’s stock in a transaction on Wednesday, March 30th. The stock was purchased at an average cost of $217.16 per share, with a total value of $43,432.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ross R. Moody purchased 5,000 shares of the business’s stock in a transaction on Friday, May 13th. The stock was purchased at an average cost of $202.72 per share, with a total value of $1,013,600.00. Following the completion of the acquisition, the chief executive officer now owns 9,000 shares in the company, valued at $1,824,480. The disclosure for this purchase can be found here. 17.28% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in National Western Life Group by 0.7% in the 1st quarter. Bank of America Corp DE now owns 8,635 shares of the financial services provider’s stock valued at $1,817,000 after purchasing an additional 58 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of National Western Life Group by 2.9% during the 1st quarter. Victory Capital Management Inc. now owns 3,628 shares of the financial services provider’s stock worth $721,000 after acquiring an additional 103 shares during the last quarter. FCA Corp TX lifted its holdings in shares of National Western Life Group by 1.1% during the 1st quarter. FCA Corp TX now owns 9,936 shares of the financial services provider’s stock worth $2,091,000 after acquiring an additional 108 shares during the last quarter. Westhampton Capital LLC lifted its holdings in shares of National Western Life Group by 4.8% during the 4th quarter. Westhampton Capital LLC now owns 3,453 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 158 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of National Western Life Group by 13.7% during the 3rd quarter. Credit Suisse AG now owns 1,736 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 209 shares during the last quarter. 78.40% of the stock is owned by hedge funds and other institutional investors.
About National Western Life Group (NASDAQ:NWLI)
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, Annuities, and ONL and Affiliates segments. The company provides life products, including universal life insurance, interest-sensitive whole life, and traditional products, such as term insurance coverage; and annuity products comprising flexible premium and single premium deferred annuities, equity-index annuities, and single premium immediate annuities.
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