Giverny Capital Inc. Increases Position in TWFG, Inc. $TWFG

Giverny Capital Inc. boosted its holdings in TWFG, Inc. (NASDAQ:TWFG) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 331,511 shares of the company’s stock after purchasing an additional 31,194 shares during the quarter. Giverny Capital Inc.’s holdings in TWFG were worth $9,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital International Investors grew its holdings in shares of TWFG by 114.4% during the fourth quarter. Capital International Investors now owns 958,490 shares of the company’s stock valued at $27,576,000 after buying an additional 511,469 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of TWFG by 5.8% during the third quarter. Bamco Inc. NY now owns 954,128 shares of the company’s stock valued at $26,181,000 after buying an additional 52,067 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of TWFG by 3.2% during the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company’s stock valued at $17,554,000 after buying an additional 19,720 shares during the last quarter. Riverbridge Partners LLC grew its holdings in shares of TWFG by 9.4% during the fourth quarter. Riverbridge Partners LLC now owns 593,744 shares of the company’s stock valued at $17,082,000 after buying an additional 51,083 shares during the last quarter. Finally, Central Securities Corp grew its holdings in shares of TWFG by 5.6% during the fourth quarter. Central Securities Corp now owns 475,000 shares of the company’s stock valued at $13,666,000 after buying an additional 25,000 shares during the last quarter.

TWFG Stock Up 1.7%

Shares of TWFG stock opened at $21.56 on Friday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 39.93 and a beta of 0.46. The company’s 50 day moving average is $19.14 and its 200 day moving average is $22.34. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.79. 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 issued its quarterly earnings data on Thursday, May 7th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $72.84 million for 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%. Research analysts anticipate that TWFG, Inc. will post 0.97 EPS for the current year.

Insiders Place Their Bets

In other TWFG news, Director Michael Doak purchased 24,880 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were acquired at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the transaction, the director 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 160,852 shares of company stock worth $3,034,663 in the last 90 days. 68.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TWFG. Morgan Stanley cut their price target on shares of TWFG from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Weiss Ratings restated a “sell (d+)” rating on shares of TWFG in a research report on Monday, May 4th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of TWFG in a research report on Monday, June 8th. UBS Group lowered their price objective on shares of TWFG from $31.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.86.

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.