National Western Life Group (NWLI) Cut to Sell at BidaskClub

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

Shares of National Western Life Group (NASDAQ NWLI) traded down $4.09 during midday trading on Tuesday, hitting $330.25. The company had a trading volume of 11,000 shares, compared to its average volume of 7,927. The firm has a market cap of $1,215.66, a PE ratio of 13.79 and a beta of 1.46. National Western Life Group has a 1 year low of $287.10 and a 1 year high of $368.00.

The company also recently announced 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 was Tuesday, November 7th. This represents a dividend yield of 0.1%. National Western Life Group’s dividend payout ratio (DPR) is presently 1.35%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Fiera Capital Corp raised its stake in National Western Life Group by 38.2% during the 2nd quarter. Fiera Capital Corp now owns 13,274 shares of the financial services provider’s stock valued at $4,242,000 after acquiring an additional 3,669 shares during the last quarter. Prudential Financial Inc. raised its stake in National Western Life Group by 13.4% during the 3rd quarter. Prudential Financial Inc. now owns 16,181 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 1,910 shares during the last quarter. Laurion Capital Management LP purchased a new stake in National Western Life Group during the 2nd quarter valued at approximately $258,000. First Trust Advisors LP purchased a new stake in National Western Life Group during the 2nd quarter valued at approximately $1,749,000. Finally, Old Mutual Global Investors UK Ltd. raised its stake in National Western Life Group by 53.3% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 3,665 shares of the financial services provider’s stock valued at $1,279,000 after acquiring an additional 1,275 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

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About National Western Life Group

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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