National Western Life Group Inc (NASDAQ:NWLI) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 23,800 shares, a growth of 11.2% from the April 30th total of 21,400 shares. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.1% of the shares of the company are sold short.
Several hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of National Western Life Group in the second quarter worth about $590,000. Denali Advisors LLC raised its holdings in National Western Life Group by 232.2% in the 2nd quarter. Denali Advisors LLC now owns 2,701 shares of the financial services provider’s stock valued at $694,000 after buying an additional 1,888 shares during the last quarter. RK Asset Management LLC raised its holdings in National Western Life Group by 0.8% in the 2nd quarter. RK Asset Management LLC now owns 56,239 shares of the financial services provider’s stock valued at $14,453,000 after buying an additional 454 shares during the last quarter. FMR LLC raised its holdings in National Western Life Group by 2.4% in the 1st quarter. FMR LLC now owns 251,279 shares of the financial services provider’s stock valued at $65,953,000 after buying an additional 5,832 shares during the last quarter. Finally, Brandes Investment Partners LP raised its holdings in National Western Life Group by 125.6% in the 1st quarter. Brandes Investment Partners LP now owns 4,122 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 2,295 shares during the last quarter. 79.53% of the stock is owned by hedge funds and other institutional investors.
NWLI has been the topic of several research reports. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. BidaskClub downgraded shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th.Shares of NWLI stock traded up $1.50 on Friday, hitting $263.00. The company’s stock had a trading volume of 4,847 shares, compared to its average volume of 6,976. The business has a 50 day simple moving average of $262.25. National Western Life Group has a fifty-two week low of $251.50 and a fifty-two week high of $335.00. The company has a market cap of $956.27 million, a P/E ratio of 7.73 and a beta of 0.90.
National Western Life Group (NASDAQ:NWLI) last announced its quarterly earnings data on Thursday, May 9th. The financial services provider reported $10.34 earnings per share (EPS) for the quarter. The firm had revenue of $217.91 million for the quarter. National Western Life Group had a net margin of 19.14% and a return on equity of 6.16%.
About National Western Life Group
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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