Short-term stake in National Western Life Group, Inc. (NASDAQ: NWLI) increases 23.6%

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National Western Life Group, Inc. (NASDAQ: NWLI – Get a rating) was the target of a significant increase in short interest during the month of July. As of July 31, there was short interest totaling 40,300 shares, an increase of 23.6% from the July 15 total of 32,600 shares. Based on an average daily volume of 8,600 shares, the day-to-cover ratio is currently 4.7 days. Currently, 1.8% of the stock’s shares are sold short.

Institutional entries and exits

Several hedge funds have recently changed their positions in the company. Moody’s National Bank Trust Division increased its stake in National Western Life Group shares by 0.4% in the second quarter. Moody’s National Bank Trust Division now owns 1,170,161 shares of the financial services provider worth $237,192,000 after purchasing an additional 4,415 shares during the period. Vanguard Group Inc. increased its holdings in National Western Life Group by 0.5% in the first quarter. Vanguard Group Inc. now owns 184,380 shares of the financial services provider valued at $38,793,000 after acquiring 1,005 additional shares last quarter. State Street Corp increased its stake in National Western Life Group by 2.4% in the first quarter. State Street Corp now owns 50,079 shares of the financial services provider valued at $10,537,000 after acquiring an additional 1,180 shares last quarter. Northern Trust Corp increased its stake in National Western Life Group by 0.9% in the fourth quarter. Northern Trust Corp now owns 27,223 shares of the financial services provider valued at $5,838,000 after acquiring 239 additional shares last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in National Western Life Group by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 23,006 shares of the financial services provider valued at $4,841,000 after acquiring 342 additional shares last quarter. 78.40% of the shares are held by hedge funds and other institutional investors.

National Western Life Group is trading down 0.5%

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Shares of NWLI were down $1.00 during Friday trading hours, hitting $201.50. 3,520 shares of the company were traded, against an average volume of 7,417. The company has a market capitalization of $733.46 million, a PE ratio of 5.28 and a beta of 0.91. National Western Life Group has a 12-month low of $192.66 and a 12-month high of $244.20. The company’s 50-day simple moving average is $203.64 and its 200-day simple moving average is $206.71.

National Western Life Group (NASDAQ: NWLI – Get a rating) last released its quarterly results on Monday, August 8. The financial services provider reported EPS of $8.70 for the quarter. The company had revenue of $117.16 million for the quarter. National Western Life Group posted a net margin of 21.15% and a return on equity of 5.55%.

About National Western Life Group

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National Western Life Group, Inc., through its subsidiary, National Western Life Insurance Company, operates as a stock life insurance company. It operates through the Domestic Life Insurance, International Life Insurance, Annuities and ONL and Affiliates segments. The Company offers life insurance products, including universal life insurance, interest rate sensitive whole life insurance and traditional products, such as term insurance; and annuity products including flexible-premium and single-premium deferred annuities, equity-indexed annuities and single-premium immediate annuities.

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