Russell Investments Group Ltd. decreased its stake in shares of National Western Life Group Inc (NASDAQ:NWLI) by 25.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,882 shares of the financial services provider’s stock after selling 2,696 shares during the period. Russell Investments Group Ltd. owned about 0.22% of National Western Life Group worth $2,025,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisor Group Inc. bought a new position in National Western Life Group during the second quarter valued at approximately $36,000. Parallel Advisors LLC raised its position in National Western Life Group by 594.6% in the second quarter. Parallel Advisors LLC now owns 514 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 440 shares during the period. BNP Paribas Arbitrage SA raised its position in National Western Life Group by 180.1% in the first quarter. BNP Paribas Arbitrage SA now owns 521 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 335 shares during the period. SG Americas Securities LLC raised its position in National Western Life Group by 177.2% in the first quarter. SG Americas Securities LLC now owns 1,081 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 691 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in National Western Life Group by 71.9% in the first quarter. Janney Montgomery Scott LLC now owns 1,224 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 512 shares during the period. Institutional investors own 79.79% of the company’s stock.

NWLI traded down $23.48 during trading on Thursday, hitting $257.82. The company’s stock had a trading volume of 22 shares, compared to its average volume of 5,822. National Western Life Group Inc has a one year low of $247.24 and a one year high of $329.00. The firm has a market cap of $938.47 million, a PE ratio of 7.99 and a beta of 0.90. The business’s 50 day simple moving average is $260.91 and its 200-day simple moving average is $265.80.

National Western Life Group (NASDAQ:NWLI) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $9.62 earnings per share for the quarter. National Western Life Group had a net margin of 18.81% and a return on equity of 6.19%. The business had revenue of $192.69 million for the quarter.

Several research firms have weighed in on NWLI. BidaskClub upgraded shares of National Western Life Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. ValuEngine downgraded shares of National Western Life Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd.

National Western Life Group Profile

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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Institutional Ownership by Quarter for National Western Life Group (NASDAQ:NWLI)

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