TWFG, Inc. $TWFG Position Reduced by American Century Companies Inc.

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. reduced its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 24.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in 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 purchasing an additional 2,368 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of TWFG in the 4th quarter worth approximately $211,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of TWFG in the 4th quarter worth approximately $282,000. Occudo Quantitative Strategies LP acquired a new stake in shares of TWFG in the 4th quarter worth approximately $285,000. Finally, Jane Street Group LLC acquired a new stake in shares of TWFG in the 4th quarter worth approximately $351,000.

TWFG Price Performance

Shares of TWFG traded down $0.56 during mid-day trading on Friday, hitting $26.44. The company's stock had a trading volume of 157,057 shares, compared to its average volume of 190,895. The firm has a 50-day moving average price of $31.08 and a 200 day moving average price of $31.75. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 64.49 and a beta of 0.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. TWFG, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $36.85.

Analyst Ratings Changes

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

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.