Insider Purchase at National Western Life Insurance Company (NWLI): Sr. Vice President Acquired 1,000 Shares


June 24, National Western Life Insurance Company (NASDAQ:NWLI)’s Sr. Vice President (Mortgage Loans Segment) and Board Director, Charles D. Milos purchased 1,000 shares of Class A Common Stock. For this transaction, he used 1,000 Non Qualified Stock Options, which gave him the right to buy 1,000 shares for $150 each –the options expired on June 25, 2014. The stock currently trades around $250 per share.

Following the reported transaction, Mr. Milos holds 6,834 shares of National Western Life Insurance Company (NASDAQ:NWLI), a $908 million market cap stock life insurance company that offers a portfolio of individual whole life, universal life and term insurance plans, and annuities, including supplementary riders.

In addition to this insider, several hedge funds seem to like this company. For instance, Paul J. Isaac’s Arbiter Partners Capital Management last declared having upped its bets on Western Life Insurance Company (NASDAQ:NWLI) by 8%, to 58,576 shares, worth more than $14 million by the end of Q1.


Disclosure: Javier Hasse holds no position in any stocks mentioned