National Western Life Group (NASDAQ:NWLI) Rating Lowered to Sell at ValuEngine

National Western Life Group (NASDAQ:NWLI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday, June 22nd, ValuEngine reports.

Separately, BidaskClub lowered Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.

Shares of National Western Life Group stock traded up $1.50 on Friday, reaching $263.00. The company’s stock had a trading volume of 4,847 shares, compared to its average volume of 6,976. National Western Life Group has a 52-week low of $251.50 and a 52-week high of $335.00. The firm has a market capitalization of $956.27 million, a P/E ratio of 7.73 and a beta of 0.90. The business has a 50-day simple moving average of $262.25.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of National Western Life Group in the 1st quarter valued at $36,000. Legal & General Group Plc lifted its stake in shares of 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 last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of 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 last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of National Western Life Group by 365.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 726 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 570 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of National Western Life Group in the 4th quarter valued at $235,000. 79.53% of the stock is currently owned by institutional investors.

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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