Royce & Associates LP Buys New Position in TWFG, Inc. (NASDAQ:TWFG)

Royce & Associates LP purchased a new stake in TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 57,000 shares of the company’s stock, valued at approximately $1,546,000. Royce & Associates LP owned approximately 0.38% of TWFG as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Seven Grand Managers LLC purchased a new stake in shares of TWFG in the 3rd quarter worth about $814,000. Symphony Financial Ltd. Co. purchased a new stake in TWFG in the third quarter worth about $310,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in TWFG during the 3rd quarter valued at approximately $133,000.

TWFG Price Performance

Shares of TWFG opened at $32.26 on Wednesday. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The firm’s 50 day moving average price is $29.62. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share for the quarter, topping the consensus estimate of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. On average, equities research analysts predict that TWFG, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWFG has been the subject of a number of research analyst reports. UBS Group initiated coverage on TWFG in a research note on Monday, August 12th. They issued a “buy” rating and a $29.00 target price for the company. William Blair began coverage on shares of TWFG in a report on Wednesday, August 21st. They set an “outperform” rating on the stock. BMO Capital Markets reissued an “outperform” rating and set a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.43.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers’ compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.