American Century Companies Inc. Sells 139,086 Shares of TWFG, Inc. $TWFG

American Century Companies Inc. lessened its holdings in TWFG, Inc. (NASDAQ:TWFG) by 24.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,881 shares of the company’s stock after selling 139,086 shares during the quarter. American Century Companies Inc. owned 0.75% of TWFG worth $13,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TWFG. JPMorgan Chase & Co. bought a new position in TWFG in the 4th quarter valued at $410,000. Tower Research Capital LLC TRC grew its stake in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company’s stock valued at $100,000 after purchasing an additional 2,368 shares during the period. Tudor Investment Corp ET AL bought a new position in TWFG in the 4th quarter valued at $2,377,000. PDT Partners LLC bought a new position in TWFG in the 4th quarter valued at $499,000. Finally, Freestone Grove Partners LP bought a new position in shares of TWFG during the 4th quarter worth $5,931,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on TWFG from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, May 19th. Piper Sandler cut their price target on TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Morgan Stanley cut their price target on TWFG from $35.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, August 18th. Finally, UBS Group increased their price target on TWFG from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TWFG presently has an average rating of “Moderate Buy” and an average price target of $34.57.

TWFG Stock Performance

Shares of TWFG opened at $28.59 on Tuesday. The stock’s 50-day simple moving average is $31.68 and its 200 day simple moving average is $31.85. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 69.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. TWFG, Inc. has a 52-week low of $24.29 and a 52-week high of $36.85.

TWFG Profile

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.