Argent Capital Management LLC Buys 40,954 Shares of TWFG, Inc. $TWFG

Key Points

• Argent Capital Management initiated a position in TWFG, purchasing 40,954 shares valued at approximately $983,000, while several other institutional investors also increased their holdings.
• TWFG shares rose 0.7% to $24.79, giving the company a market capitalization of about $1.34 billion. The stock trades between a 52-week range of $16.56 and $31.30.
• TWFG exceeded quarterly expectations, reporting $0.38 in EPS versus a $0.26 consensus estimate and revenue of $87.51 million versus $77.34 million expected. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.29.

Argent Capital Management LLC purchased a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,954 shares of the company's stock, valued at approximately $983,000. Argent Capital Management LLC owned 0.08% of TWFG as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of TWFG by 114.4% in the fourth quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after purchasing an additional 511,469 shares during the period. Giverny Capital Inc. boosted its position in TWFG by 18.2% in the second quarter. Giverny Capital Inc. now owns 652,452 shares of the company's stock valued at $15,691,000 after buying an additional 100,345 shares during the last quarter. Renaissance Technologies LLC increased its holdings in TWFG by 201.9% in the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock worth $2,176,000 after buying an additional 79,127 shares during the period. Dimensional Fund Advisors LP purchased a new position in TWFG during the 1st quarter worth approximately $1,243,000. Finally, Symphony Financial Ltd. Co. raised its position in TWFG by 153.7% during the 2nd quarter. Symphony Financial Ltd. Co. now owns 39,089 shares of the company's stock worth $942,000 after buying an additional 23,682 shares during the last quarter.

TWFG Stock Up 0.7%

Shares of NASDAQ:TWFG traded up $0.17 during trading on Monday, hitting $24.79. 8,951 shares of the stock traded hands, compared to its average volume of 209,256. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 42.01 and a beta of 0.28. The company has a fifty day moving average price of $27.33 and a two-hundred day moving average price of $23.09. TWFG, Inc. has a 52-week low of $16.56 and a 52-week high of $31.30.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. On average, equities research analysts predict that TWFG, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TWFG. Truist Financial set a $23.00 price objective on shares of TWFG in a research note on Monday, June 8th. Zacks Research downgraded shares of TWFG from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Wall Street Zen raised shares of TWFG from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. Royal Bank Of Canada lifted their price objective on TWFG from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Weiss Ratings raised TWFG from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.29.

TWFG Company Profile

TWFG, Inc is an independent insurance distribution company that operates through a network of agencies and affiliated producers. The company helps individuals and businesses obtain insurance coverage from a range of carriers rather than underwriting policies itself.

Its offerings include personal insurance products such as auto, homeowners, renters and other property and casualty coverage, as well as commercial insurance solutions for businesses. TWFG also provides access to life, health and related insurance products through its agency platform.

Founded in 2008, TWFG is headquartered in The Woodlands, Texas, and serves customers across the United States through its network of agency locations and insurance professionals.

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