Dimensional Fund Advisors LP Invests $1.24 Million in TWFG, Inc. $TWFG

Key Points

• Dimensional Fund Advisors acquired 67,612 TWFG shares worth approximately $1.24 million, while several other institutional investors also increased their positions.
• TWFG insiders have been buying shares, including Director Michael Doak’s $463,266 purchase; insiders collectively own 68.44% of the company.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus and an average price target of $28.86. TWFG also exceeded quarterly expectations, reporting $0.38 EPS and $87.51 million in revenue.

Dimensional Fund Advisors LP bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 67,612 shares of the company's stock, valued at approximately $1,243,000. Dimensional Fund Advisors LP owned about 0.12% of TWFG at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TWFG. T. Rowe Price Investment Management Inc. increased its holdings in shares of TWFG by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,847,719 shares of the company's stock valued at $81,929,000 after acquiring an additional 26,742 shares in the last quarter. Capital International Investors increased its stake in TWFG by 114.4% during the 4th 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 in the last quarter. Bamco Inc. NY raised its holdings in shares of TWFG by 3.9% in the second quarter. Bamco Inc. NY now owns 902,061 shares of the company's stock worth $31,572,000 after buying an additional 34,237 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TWFG by 3.2% in the third quarter. Vanguard Group Inc. now owns 639,711 shares of the company's stock worth $17,554,000 after buying an additional 19,720 shares during the last quarter. Finally, Central Securities Corp lifted its stake in shares of TWFG by 5.6% during the fourth quarter. Central Securities Corp now owns 475,000 shares of the company's stock worth $13,666,000 after buying an additional 25,000 shares during the period.

Insider Activity at TWFG

In related news, Director Michael Doak acquired 24,880 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was purchased at an average price of $18.62 per share, with a total value of $463,265.60. Following the transaction, the director owned 668,398 shares of the company's stock, valued at approximately $12,445,570.76. This trade represents a 3.87% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 160,852 shares of company stock valued at $3,034,663. Corporate insiders own 68.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TWFG shares. Zacks Research upgraded TWFG from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 8th. Truist Financial set a $23.00 price objective on TWFG in a report on Monday, June 8th. Wall Street Zen cut TWFG from a "buy" rating to a "hold" rating in a research note on Sunday, August 9th. UBS Group lifted their target price on TWFG from $30.00 to $34.00 and gave the stock a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price on TWFG from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $28.86.

TWFG Stock Performance

TWFG opened at $26.77 on Friday. The stock has a market capitalization of $1.45 billion, a PE ratio of 45.37 and a beta of 0.16. TWFG, Inc. has a one year low of $16.56 and a one year high of $29.99. The business's 50 day moving average price is $25.00 and its 200 day moving average price is $21.57.

TWFG (NASDAQ:TWFG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million during the quarter, compared to analysts' expectations of $77.34 million. As a group, equities research analysts forecast that TWFG, Inc. will post 0.98 earnings per share for the current fiscal year.

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.

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