Tokio Marine Asset Management Co. Ltd. acquired a new stake in National Western Life Group, Inc. (NASDAQ:NWLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,300 shares of the financial services provider's stock, valued at approximately $4,975,000. Tokio Marine Asset Management Co. Ltd. owned approximately 0.28% of National Western Life Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWLI. Allspring Global Investments Holdings LLC boosted its holdings in National Western Life Group by 10.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 88,894 shares of the financial services provider's stock worth $42,938,000 after purchasing an additional 8,681 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in shares of National Western Life Group by 330.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 4,300 shares of the financial services provider's stock valued at $1,881,000 after acquiring an additional 3,300 shares during the last quarter. Lazard Asset Management LLC acquired a new position in National Western Life Group during the third quarter valued at approximately $528,000. Assenagon Asset Management S.A. bought a new position in National Western Life Group in the third quarter valued at approximately $225,000. Finally, SG Americas Securities LLC acquired a new position in shares of National Western Life Group during the 4th quarter worth approximately $209,000. 81.57% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of National Western Life Group in a research note on Saturday. They issued a "hold" rating for the company.
Get Our Latest Research Report on NWLI
National Western Life Group Trading Up 0.5 %
Shares of NWLI traded up $2.52 during midday trading on Wednesday, reaching $490.05. The stock had a trading volume of 17,172 shares, compared to its average volume of 15,638. The firm has a market cap of $1.78 billion, a PE ratio of 18.35 and a beta of 0.71. The firm has a 50 day simple moving average of $487.71 and a 200-day simple moving average of $483.65. National Western Life Group, Inc. has a one year low of $246.10 and a one year high of $493.00.
National Western Life Group (NASDAQ:NWLI - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The financial services provider reported ($3.46) EPS for the quarter. National Western Life Group had a return on equity of 3.96% and a net margin of 13.05%. The business had revenue of $207.87 million for the quarter.
About National Western Life Group
(Free Report)
National Western Life Group, Inc, through its subsidiary, National Western Life Insurance Company, operates as a stock life insurance company in the United States, Brazil, Taiwan, Peru, Venezuela, Colombia, and internationally. It operates through Domestic Life Insurance, International Life Insurance, Annuities, and ONL and Affiliates segments.
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Want to see what other hedge funds are holding NWLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Western Life Group, Inc. (NASDAQ:NWLI - Free Report).
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