American Century Companies Inc. Trims Position in TWFG, Inc. $TWFG

Key Points

• American Century Companies Inc. reduced its stake in TWFG, Inc. by 24.8%, selling 139,086 shares and now holding 420,881 shares valued at approximately $13 million.
• Several institutional investors, including JPMorgan Chase & Co. and Tower Research Capital LLC, have recently increased their positions or entered new investments in TWFG.
• Wall Street analysts have mixed ratings on TWFG, with an average price target of $34.57 and multiple revisions to their target prices across different firms.

American Century Companies Inc. lowered its stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 24.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,881 shares of the company's stock after selling 139,086 shares during the period. 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).

Several other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after buying an additional 2,368 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in TWFG in the fourth quarter worth $211,000. D. E. Shaw & Co. Inc. bought a new stake in shares of TWFG during the fourth quarter worth $282,000. Occudo Quantitative Strategies LP bought a new stake in shares of TWFG during the fourth quarter worth $285,000. Finally, Jane Street Group LLC purchased a new stake in shares of TWFG during the fourth quarter valued at $351,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on TWFG. JPMorgan Chase & Co. lifted their price objective on shares of TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Morgan Stanley lowered their price target on TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Piper Sandler dropped their price objective on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Finally, UBS Group lifted their target price on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, TWFG has a consensus rating of "Moderate Buy" and an average target price of $34.57.

TWFG Stock Down 2.1%

NASDAQ TWFG traded down $0.56 during trading on Friday, hitting $26.44. The company's stock had a trading volume of 157,057 shares, compared to its average volume of 101,091. TWFG, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $36.85. The company has a market cap of $1.48 billion and a PE ratio of 64.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. The business's 50 day simple moving average is $31.25 and its 200-day simple moving average is $31.77.

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.