Riverbridge Partners LLC Purchases 198,394 Shares of TWFG, Inc. $TWFG

Riverbridge Partners LLC grew its position in TWFG, Inc. (NASDAQ:TWFG) by 57.6% during the third quarter, Holdings Channel reports. The institutional investor owned 542,661 shares of the company’s stock after acquiring an additional 198,394 shares during the quarter. Riverbridge Partners LLC’s holdings in TWFG were worth $14,891,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TWFG. State of Wyoming grew its holdings in TWFG by 42.0% in the second quarter. State of Wyoming now owns 5,188 shares of the company’s stock worth $182,000 after purchasing an additional 1,535 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in TWFG in the second quarter worth about $155,000. Man Group plc acquired a new position in shares of TWFG during the second quarter valued at about $223,000. BNP Paribas Financial Markets raised its position in shares of TWFG by 145.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 18,353 shares of the company’s stock valued at $642,000 after purchasing an additional 10,869 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its holdings in shares of TWFG by 225.5% in the second quarter. Boothbay Fund Management LLC now owns 41,334 shares of the company’s stock worth $1,447,000 after buying an additional 28,634 shares during the last quarter.

TWFG Trading Up 1.2%

Shares of NASDAQ:TWFG opened at $28.60 on Monday. The company has a market capitalization of $1.61 billion, a PE ratio of 65.00 and a beta of 0.11. TWFG, Inc. has a 12-month low of $23.52 and a 12-month high of $36.85. The business has a 50 day moving average of $26.91 and a two-hundred day moving average of $28.93. The company has a current ratio of 101.35, a quick ratio of 101.35 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, November 12th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. TWFG had a net margin of 2.87% and a return on equity of 8.74%. The firm had revenue of $64.12 million during the quarter, compared to analyst estimates of $64.15 million. As a group, analysts forecast that TWFG, Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

TWFG has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on TWFG from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, October 8th. UBS Group decreased their target price on TWFG from $42.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on shares of TWFG in a report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of TWFG from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.86.

TWFG Company 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.