National Western Life Group Inc (NASDAQ:NWLI) Short Interest Down 15.9% in October

National Western Life Group Inc (NASDAQ:NWLI) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 22,200 shares, a drop of 15.9% from the September 30th total of 26,400 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.0% of the shares of the stock are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of NWLI. RK Asset Management LLC raised its holdings in National Western Life Group by 0.8% in the second 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 period. Denali Advisors LLC grew its position in shares of National Western Life Group by 232.2% during the second quarter. Denali Advisors LLC now owns 2,701 shares of the financial services provider’s stock worth $694,000 after buying an additional 1,888 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of National Western Life Group during the second quarter worth approximately $590,000. First Trust Advisors LP grew its position in shares of National Western Life Group by 29.9% during the second quarter. First Trust Advisors LP now owns 7,393 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 1,703 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of National Western Life Group by 90.9% during the second quarter. Aperio Group LLC now owns 11,563 shares of the financial services provider’s stock worth $2,972,000 after buying an additional 5,507 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

NASDAQ NWLI traded down $7.45 during trading hours on Friday, reaching $259.94. The company’s stock had a trading volume of 3,300 shares, compared to its average volume of 5,523. National Western Life Group has a fifty-two week low of $247.24 and a fifty-two week high of $316.70. The company’s 50-day moving average is $271.84 and its two-hundred day moving average is $266.17. The stock has a market cap of $972.23 million, a PE ratio of 8.56 and a beta of 0.88.

The firm also recently declared an annual dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be issued a $0.36 dividend. The ex-dividend date is Tuesday, November 5th.

A number of brokerages have recently issued reports on NWLI. BidaskClub upgraded shares of National Western Life Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. ValuEngine upgraded shares of National Western Life Group from a “sell” rating to a “hold” rating in a report on Sunday, November 10th.

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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