BidaskClub upgraded shares of National Western Life Group (NASDAQ:NWLI) from a sell rating to a hold rating in a report released on Wednesday.

Shares of National Western Life Group (NASDAQ:NWLI) traded down $1.80 on Wednesday, hitting $337.03. The stock had a trading volume of 2,636 shares, compared to its average volume of 8,500. National Western Life Group has a 52 week low of $287.10 and a 52 week high of $368.00. The company has a market capitalization of $1,160.00, a P/E ratio of 12.62 and a beta of 1.46.

The business also recently disclosed an annual dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a dividend yield of 0.1%. National Western Life Group’s dividend payout ratio (DPR) is 1.35%.

Several institutional investors and hedge funds have recently modified their holdings of NWLI. Oppenheimer Asset Management Inc. raised its position in shares of National Western Life Group by 107.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 387 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of National Western Life Group during the third quarter worth about $125,000. BNP Paribas Arbitrage SA raised its position in shares of National Western Life Group by 164.4% during the second quarter. BNP Paribas Arbitrage SA now owns 476 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 296 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of National Western Life Group by 17.5% during the second quarter. Victory Capital Management Inc. now owns 563 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 84 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of National Western Life Group by 3.1% during the second quarter. Legal & General Group Plc now owns 574 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

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National Western Life Group Company Profile

National Western Life Insurance Company (National Western) is a stock life insurance company. The Company operates in two segments: Domestic Insurance Operations and International Insurance Operations. The products marketed under domestic insurance operations are annuities, universal life insurance and traditional life insurance, which include both term and whole life products.

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