BidaskClub Lowers National Western Life Group (NWLI) to Sell

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

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

Shares of NWLI stock opened at $266.39 on Friday. National Western Life Group has a twelve month low of $264.90 and a twelve month high of $362.60. The company has a market capitalization of $972.34 million, a price-to-earnings ratio of 8.28 and a beta of 1.23.

National Western Life Group (NASDAQ:NWLI) last announced its earnings results 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 company had revenue of $174.66 million for the quarter.

The business also recently announced an annual dividend, which will be paid on Monday, December 3rd. Shareholders of record on Wednesday, November 7th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a dividend yield of 0.13%.

Several hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in shares of National Western Life Group by 1.7% in the 2nd quarter. FMR LLC now owns 253,422 shares of the financial services provider’s stock valued at $77,866,000 after purchasing an additional 4,144 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Western Life Group by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 222,043 shares of the financial services provider’s stock valued at $68,225,000 after purchasing an additional 11,571 shares during the last quarter. BlackRock Inc. grew its stake in shares of National Western Life Group by 3.7% in the 2nd quarter. BlackRock Inc. now owns 155,900 shares of the financial services provider’s stock valued at $47,904,000 after purchasing an additional 5,516 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of National Western Life Group by 2.8% in the 2nd quarter. Cooke & Bieler LP now owns 62,290 shares of the financial services provider’s stock valued at $19,139,000 after purchasing an additional 1,723 shares during the last quarter. Finally, RK Asset Management LLC grew its stake in shares of National Western Life Group by 0.6% in the 2nd quarter. RK Asset Management LLC now owns 55,015 shares of the financial services provider’s stock valued at $16,904,000 after purchasing an additional 307 shares during the last quarter. Institutional investors own 79.67% of the company’s stock.

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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