TWFG, Inc. $TWFG Stock Position Lifted by Capital International Investors

Capital International Investors boosted its stake in shares of TWFG, Inc. (NASDAQ:TWFG) by 114.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 958,490 shares of the company’s stock after purchasing an additional 511,469 shares during the period. Capital International Investors’ holdings in TWFG were worth $27,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 454 shares in the last quarter. Quantbot Technologies LP grew its position in 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 purchasing an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in TWFG during the second quarter valued at approximately $155,000. Russell Investments Group Ltd. purchased a new position in TWFG during the third quarter valued at approximately $142,000. Finally, State of Wyoming grew its position in TWFG by 42.0% during the second 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 in the last quarter.

TWFG Stock Performance

TWFG stock opened at $20.65 on Wednesday. The company has a quick ratio of 94.71, a current ratio of 94.71 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 38.24 and a beta of 0.46. TWFG, Inc. has a 12 month low of $16.56 and a 12 month high of $36.79. The firm has a 50 day moving average of $18.94 and a two-hundred day moving average of $22.44.

TWFG (NASDAQ:TWFG) last posted its earnings results on Thursday, May 7th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.20 by $0.09. The company had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. TWFG had a net margin of 3.04% and a return on equity of 15.96%. As a group, equities analysts anticipate that TWFG, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Zacks Research downgraded shares of TWFG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Truist Financial set a $23.00 price objective on shares of TWFG in a research report on Monday. Finally, Morgan Stanley lowered their price objective on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.86.

Insider Buying and Selling

In other TWFG news, Director Michael Doak bought 7,865 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $19.45 per share, with a total value of $152,974.25. Following the completion of the transaction, the director directly owned 765,587 shares of the company’s stock, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 160,852 shares of company stock valued at $3,034,663 over the last ninety days. Insiders own 68.44% of the company’s stock.

About TWFG

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.