National Western Life Group (NASDAQ:NWLI) Stock Price Crosses Below 200 Day Moving Average of $214.48

Shares of National Western Life Group, Inc. (NASDAQ:NWLIGet Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $214.48 and traded as low as $203.00. National Western Life Group shares last traded at $203.00, with a volume of 2,669 shares trading hands.

Separately, StockNews.com began coverage on National Western Life Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

The firm has a market capitalization of $738.11 million, a P/E ratio of 3.97 and a beta of 1.05. The stock has a fifty day simple moving average of $210.60 and a two-hundred day simple moving average of $214.48.

National Western Life Group (NASDAQ:NWLIGet Rating) last issued its earnings results on Friday, March 4th. The financial services provider reported $8.15 earnings per share for the quarter. The business had revenue of $216.67 million during the quarter. National Western Life Group had a return on equity of 6.96% and a net margin of 21.31%.

In other news, Director David S. Boone acquired 200 shares of the firm’s stock in a transaction dated Wednesday, March 30th. The stock was purchased at an average price of $217.16 per share, for a total transaction of $43,432.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Blackwell purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, March 11th. The shares were bought at an average price of $208.31 per share, with a total value of $104,155.00. The disclosure for this purchase can be found here. Insiders own 17.28% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its position in National Western Life Group by 151.3% in the fourth quarter. Barclays PLC now owns 3,113 shares of the financial services provider’s stock worth $668,000 after purchasing an additional 1,874 shares during the last quarter. BlackRock Inc. lifted its position in shares of National Western Life Group by 0.9% during the 4th quarter. BlackRock Inc. now owns 194,102 shares of the financial services provider’s stock valued at $41,623,000 after buying an additional 1,782 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of National Western Life Group by 15.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,617 shares of the financial services provider’s stock valued at $347,000 after buying an additional 216 shares during the last quarter. Credit Suisse AG lifted its position in shares of National Western Life Group by 13.7% during the 4th quarter. Credit Suisse AG now owns 1,974 shares of the financial services provider’s stock valued at $423,000 after buying an additional 238 shares during the last quarter. Finally, Arbiter Partners Capital Management LLC lifted its position in shares of National Western Life Group by 26.9% during the 4th quarter. Arbiter Partners Capital Management LLC now owns 17,124 shares of the financial services provider’s stock valued at $3,672,000 after buying an additional 3,634 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors and hedge funds.

About National Western Life Group (NASDAQ:NWLI)

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, Annuities, and ONL and Affiliates segments. The company provides life products, including universal life insurance, interest-sensitive whole life, and traditional products, such as term insurance coverage; and annuity products comprising flexible premium and single premium deferred annuities, equity-index annuities, and single premium immediate annuities.

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