National Western Life Group (NASDAQ:NWLI) Lifted to Sell at BidaskClub

National Western Life Group (NASDAQ:NWLI) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday, BidAskClub reports.

Separately, ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd.

National Western Life Group stock traded down $1.01 during mid-day trading on Wednesday, reaching $264.00. The stock had a trading volume of 873 shares, compared to its average volume of 7,219. National Western Life Group has a fifty-two week low of $251.50 and a fifty-two week high of $335.00. The company has a 50-day simple moving average of $260.98. The stock has a market cap of $956.27 million, a price-to-earnings ratio of 7.73 and a beta of 0.90.

National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings data 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.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in National Western Life Group by 3.1% during the 4th quarter. BlackRock Inc. now owns 160,131 shares of the financial services provider’s stock worth $48,153,000 after purchasing an additional 4,882 shares during the last quarter. Citigroup Inc. increased its stake in shares of National Western Life Group by 12.4% in the 4th quarter. Citigroup Inc. now owns 878 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 97 shares during the last quarter. Northern Trust Corp increased its stake in shares of National Western Life Group by 0.8% in the 4th quarter. Northern Trust Corp now owns 32,150 shares of the financial services provider’s stock valued at $9,668,000 after acquiring an additional 248 shares during the last quarter. United Services Automobile Association increased its stake in shares of National Western Life Group by 14.1% in the 4th quarter. United Services Automobile Association now owns 1,444 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 178 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of National Western Life Group by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 247,788 shares of the financial services provider’s stock valued at $74,509,000 after acquiring an additional 15,394 shares during the last quarter. 79.66% 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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