Renaissance Technologies LLC Acquires 79,127 Shares of TWFG, Inc. $TWFG

Key Points

• Renaissance Technologies increased its TWFG position by 201.9% in the first quarter, acquiring 79,127 additional shares and bringing its total stake to 118,327 shares valued at approximately $2.18 million.
• Analysts remain broadly positive, with TWFG carrying a “Moderate Buy” consensus rating and an average price target of $28.43. UBS, Piper Sandler and JPMorgan recently raised their price targets.
• TWFG exceeded quarterly expectations, reporting $0.38 in EPS versus the $0.26 consensus and revenue of $87.51 million versus estimates of $77.34 million. The stock opened at $27.64, near its 52-week high of $29.99.

Renaissance Technologies LLC raised its holdings in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 201.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,327 shares of the company's stock after buying an additional 79,127 shares during the period. Renaissance Technologies LLC owned 0.21% of TWFG worth $2,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors grew its holdings in shares of TWFG by 114.4% in the 4th quarter. Capital International Investors now owns 958,490 shares of the company's stock valued at $27,576,000 after acquiring an additional 511,469 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in TWFG by 179.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 255,764 shares of the company's stock worth $7,358,000 after acquiring an additional 164,355 shares in the last quarter. Victory Capital Management Inc. boosted its position in TWFG by 57.4% during the third quarter. Victory Capital Management Inc. now owns 351,478 shares of the company's stock valued at $9,645,000 after purchasing an additional 128,180 shares during the last quarter. Giverny Capital Inc. boosted its position in TWFG by 68.9% during the third quarter. Giverny Capital Inc. now owns 300,317 shares of the company's stock valued at $8,241,000 after purchasing an additional 122,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in TWFG in the first quarter valued at approximately $1,243,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TWFG shares. Piper Sandler upped their price objective on TWFG from $22.00 to $29.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Morgan Stanley set a $26.00 target price on shares of TWFG in a research note on Monday. UBS Group increased their price target on shares of TWFG from $30.00 to $34.00 and gave the company a "buy" rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of TWFG from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of TWFG from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, TWFG presently has an average rating of "Moderate Buy" and an average price target of $28.43.

TWFG Price Performance

NASDAQ:TWFG opened at $27.64 on Tuesday. TWFG, Inc. has a one year low of $16.56 and a one year high of $29.99. The company has a market cap of $1.50 billion, a P/E ratio of 46.85 and a beta of 0.15. The firm's fifty day moving average price is $24.38 and its two-hundred day moving average price is $21.51.

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 analysts' consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million during the quarter, compared to analysts' expectations of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. As a group, equities research analysts expect that TWFG, Inc. will post 0.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Doak acquired 24,880 shares of the business's stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of $18.62 per share, for a total transaction of $463,265.60. Following the completion of the transaction, the director directly owned 668,398 shares of the company's stock, valued at approximately $12,445,570.76. The trade was a 3.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is owned by corporate insiders.

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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