Giverny Capital Inc. Purchases 100,345 Shares of TWFG, Inc. $TWFG

Key Points

• Giverny Capital increased its TWFG stake by 18.2%, purchasing 100,345 additional shares to own 652,452 shares valued at approximately $15.7 million. Several other institutional investors also expanded their positions.
• Analysts remain moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $29.57; target prices range from $28 to $34.
• TWFG exceeded quarterly expectations, reporting adjusted earnings of $0.38 per share versus $0.26 expected and revenue of $87.51 million versus $77.34 million forecast.

Giverny Capital Inc. grew its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 18.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 652,452 shares of the company's stock after buying an additional 100,345 shares during the period. Giverny Capital Inc. owned 1.21% of TWFG worth $15,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its stake in shares of 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 buying an additional 511,469 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in TWFG by 179.8% in the 4th quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock valued at $7,358,000 after buying an additional 164,355 shares in the last quarter. Victory Capital Management Inc. raised its holdings in TWFG by 57.4% during the 3rd quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock valued at $9,645,000 after acquiring an additional 128,180 shares during the period. Renaissance Technologies LLC raised its holdings in TWFG by 201.9% during the 1st quarter. Renaissance Technologies LLC now owns 118,327 shares of the company's stock valued at $2,176,000 after acquiring an additional 79,127 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of TWFG during the first quarter worth $1,243,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TWFG. Keefe, Bruyette & Woods lifted their price target on TWFG from $26.00 to $29.00 and gave the company a "market perform" rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. increased their price objective on TWFG from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. UBS Group raised their target price on TWFG from $30.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Zacks Research lowered TWFG from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Finally, Wall Street Zen upgraded TWFG from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TWFG has a consensus rating of "Moderate Buy" and an average price target of $29.57.

TWFG Price Performance

TWFG opened at $28.89 on Monday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 48.97 and a beta of 0.18. TWFG, Inc. has a one year low of $16.56 and a one year high of $31.30. The company has a fifty day moving average price of $27.27 and a 200-day moving average price of $22.13.

TWFG (NASDAQ:TWFG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. TWFG had a return on equity of 19.49% and a net margin of 2.90%. On average, analysts expect that TWFG, Inc. will post 1.09 earnings per share for the current year.

TWFG Profile

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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