Capital International Investors Cuts Position in TWFG, Inc. $TWFG

Capital International Investors lessened its stake in TWFG, Inc. (NASDAQ:TWFG) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,021 shares of the company’s stock after selling 68,388 shares during the quarter. Capital International Investors owned 0.80% of TWFG worth $12,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quantbot Technologies LP raised its stake in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in TWFG in the 2nd quarter valued at about $155,000. Russell Investments Group Ltd. purchased a new position in TWFG during the 3rd quarter valued at about $142,000. State of Wyoming increased its holdings in TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Man Group plc acquired a new position in TWFG during the second quarter worth about $223,000.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Morgan Stanley reduced their target price on TWFG from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised their price target on TWFG from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Zacks Research raised TWFG from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Royal Bank Of Canada began coverage on TWFG in a research report on Monday, November 24th. They issued an “outperform” rating and a $33.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

TWFG Stock Performance

TWFG stock opened at $19.57 on Friday. The stock’s 50-day moving average is $23.01 and its 200-day moving average is $25.57. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 38.37 and a beta of 0.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 107.86 and a quick ratio of 101.35. TWFG, Inc. has a 12 month low of $16.56 and a 12 month high of $36.85.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $70.26 million during the quarter, compared to analysts’ expectations of $60.81 million. TWFG had a net margin of 3.11% and a return on equity of 13.51%. Equities analysts anticipate that TWFG, Inc. will post 0.57 earnings per share for the current year.

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.