Bamco Inc. NY Acquires 52,067 Shares of TWFG, Inc. $TWFG

Bamco Inc. NY raised its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 954,128 shares of the company’s stock after buying an additional 52,067 shares during the quarter. Bamco Inc. NY owned about 1.70% of TWFG worth $26,181,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Russell Investments Group Ltd. bought a new position in TWFG during the third quarter worth $142,000. Quantbot Technologies LP boosted its holdings in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after purchasing an additional 1,395 shares during the period. State of Tennessee Department of Treasury acquired a new stake in TWFG in the 2nd quarter worth $155,000. State of Wyoming increased its holdings in shares of TWFG by 42.0% during the 2nd 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 period. Finally, Man Group plc bought a new position in shares of TWFG during the 2nd quarter worth about $223,000.

TWFG Stock Performance

NASDAQ TWFG opened at $19.79 on Monday. The stock has a market cap of $1.11 billion, a P/E ratio of 38.80 and a beta of 0.37. The company’s 50-day simple moving average is $22.85 and its 200 day simple moving average is $25.48. TWFG, Inc. has a twelve month low of $16.56 and a twelve month high of $36.85. The company has a quick ratio of 107.86, a current ratio of 107.86 and a debt-to-equity ratio of 0.01.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.30 EPS 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%. As a group, research analysts forecast that TWFG, Inc. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on TWFG. UBS Group reduced their target price on shares of TWFG from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Morgan Stanley cut their price target on TWFG from $31.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Piper Sandler decreased their price objective on TWFG from $32.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, February 23rd. Zacks Research upgraded TWFG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of TWFG in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.00.

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.