Riverbridge Partners LLC Sells 44,130 Shares of TWFG, Inc. $TWFG

Riverbridge Partners LLC reduced its position in shares of TWFG, Inc. (NASDAQ:TWFG) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,614 shares of the company’s stock after selling 44,130 shares during the quarter. Riverbridge Partners LLC owned about 0.98% of TWFG worth $10,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in shares of TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of TWFG in the fourth quarter valued at about $68,000. Russell Investments Group Ltd. bought a new stake in shares of TWFG in the third quarter valued at about $142,000. Quantbot Technologies LP lifted its stake in TWFG by 52.5% in the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in TWFG in the second quarter worth about $155,000.

Insider Activity at TWFG

In other news, Director Michael Doak bought 24,880 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of $18.62 per share, with a total value of $463,265.60. Following the completion of the transaction, the director directly owned 668,398 shares of the company’s stock, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 160,852 shares of company stock worth $3,034,663. Insiders own 68.44% of the company’s stock.

TWFG Price Performance

Shares of TWFG stock opened at $21.05 on Wednesday. The stock’s 50-day moving average is $19.54 and its 200 day moving average is $21.96. TWFG, Inc. has a 1-year low of $16.56 and a 1-year high of $36.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 94.71 and a quick ratio of 94.71. The company has a market cap of $1.14 billion, a P/E ratio of 38.98 and a beta of 0.46.

TWFG (NASDAQ:TWFG) last announced its earnings results on Thursday, May 7th. The company reported $0.29 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 business had revenue of $72.84 million during the quarter, compared to the consensus estimate of $67.67 million. Research analysts predict that TWFG, Inc. will post 0.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TWFG. Piper Sandler cut their target price on shares of TWFG from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on shares of TWFG from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Zacks Research upgraded shares of TWFG from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Truist Financial set a $23.00 price objective on shares of TWFG in a report on Monday, June 8th. Finally, UBS Group reduced their price objective on shares of TWFG from $31.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. One equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.