Royce & Associates LP Sells 495 Shares of National Western Life Group Inc (NASDAQ:NWLI)

Royce & Associates LP reduced its stake in National Western Life Group Inc (NASDAQ:NWLI) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,441 shares of the financial services provider’s stock after selling 495 shares during the period. Royce & Associates LP owned about 0.20% of National Western Life Group worth $1,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC bought a new stake in shares of National Western Life Group in the 1st quarter valued at $36,000. New York State Teachers Retirement System acquired a new stake in National Western Life Group in the 4th quarter valued at $60,000. Legal & General Group Plc grew its position in National Western Life Group by 17.0% in the 4th quarter. Legal & General Group Plc now owns 434 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 63 shares during the period. BNP Paribas Arbitrage SA grew its position in National Western Life Group by 180.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 521 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 335 shares during the period. Finally, Denali Advisors LLC grew its position in National Western Life Group by 5,320.0% in the 1st quarter. Denali Advisors LLC now owns 813 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 798 shares during the period. Institutional investors own 79.53% of the company’s stock.

NWLI traded up $1.32 during mid-day trading on Friday, reaching $257.00. 18,609 shares of the stock were exchanged, compared to its average volume of 7,682. The stock has a market capitalization of $929.65 million, a PE ratio of 7.52 and a beta of 0.99. The business has a 50 day moving average of $266.91. National Western Life Group Inc has a 1 year low of $251.50 and a 1 year high of $335.00.

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

Several analysts recently issued reports on NWLI shares. ValuEngine raised shares of National Western Life Group from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. BidaskClub raised shares of National Western Life Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 18th.

National Western Life Group 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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Institutional Ownership by Quarter for National Western Life Group (NASDAQ:NWLI)

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