Flow State Investments L.P. Invests $263,000 in National Western Life Group, Inc. (NASDAQ:NWLI)

Flow State Investments L.P. purchased a new stake in National Western Life Group, Inc. (NASDAQ:NWLIFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 545 shares of the financial services provider’s stock, valued at approximately $263,000.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in shares of National Western Life Group by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,420 shares of the financial services provider’s stock worth $8,414,000 after purchasing an additional 67 shares in the last quarter. Rhumbline Advisers grew its stake in National Western Life Group by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 3,926 shares of the financial services provider’s stock worth $1,718,000 after buying an additional 86 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in National Western Life Group during the fourth quarter worth approximately $52,000. Deutsche Bank AG lifted its stake in National Western Life Group by 16.9% in the third quarter. Deutsche Bank AG now owns 1,099 shares of the financial services provider’s stock valued at $481,000 after buying an additional 159 shares during the last quarter. Finally, FCA Corp TX boosted its holdings in shares of National Western Life Group by 2.1% in the third quarter. FCA Corp TX now owns 10,563 shares of the financial services provider’s stock valued at $4,621,000 after acquiring an additional 217 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

National Western Life Group Stock Performance

National Western Life Group stock traded down $0.57 during mid-day trading on Thursday, reaching $491.31. 37,551 shares of the company were exchanged, compared to its average volume of 16,407. The firm’s 50-day simple moving average is $489.78 and its two-hundred day simple moving average is $486.33. National Western Life Group, Inc. has a twelve month low of $367.51 and a twelve month high of $495.38. The firm has a market cap of $1.79 billion, a PE ratio of 11.16 and a beta of 0.72.

National Western Life Group (NASDAQ:NWLIGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $20.82 earnings per share for the quarter. National Western Life Group had a return on equity of 6.40% and a net margin of 20.22%. The firm had revenue of $197.57 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of National Western Life Group in a research note on Friday, June 7th. They issued a “hold” rating on the stock.

Read Our Latest Stock Analysis on National Western Life Group

National Western Life Group Profile

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

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