Riverbridge Partners LLC Reduces Stock Holdings in TWFG, Inc. $TWFG

Riverbridge Partners LLC reduced its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,614 shares of the company’s stock after selling 44,130 shares during the period. Riverbridge Partners LLC’s holdings in TWFG were worth $10,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of TWFG by 7.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock valued at $382,000 after acquiring an additional 970 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares in the last quarter. State of Wyoming raised its position in shares of TWFG by 42.0% in the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after purchasing an additional 1,800 shares during the last quarter.

Insider Buying and Selling at TWFG

In other TWFG news, Director Michael Doak bought 7,865 shares of TWFG stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the acquisition, the director directly owned 765,587 shares in the company, valued at approximately $14,890,667.15. This trade represents a 1.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 160,852 shares of company stock valued at $3,034,663 in the last quarter. 68.44% of the stock is owned by corporate insiders.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $21.05 on Wednesday. The business’s 50 day moving average price is $19.54 and its 200 day moving average price is $21.96. The firm has a market cap of $1.14 billion, a P/E ratio of 38.98 and a beta of 0.46. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $36.45. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. TWFG had a net margin of 3.04% and a return on equity of 15.96%. The company had revenue of $72.84 million during the quarter, compared to analyst estimates of $67.67 million. On average, sell-side analysts expect that TWFG, Inc. will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on TWFG shares. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Truist Financial set a $23.00 price target on shares of TWFG in a report on Monday, June 8th. Piper Sandler dropped their price objective on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of TWFG in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their target price on TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

TWFG Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.