Riverbridge Partners LLC Buys Shares of 344,267 TWFG, Inc. $TWFG

Key Points

• Riverbridge Partners LLC recently acquired 344,267 shares of TWFG, Inc., valued at approximately $12.05 million, representing a 0.61% ownership stake in the company.
• Several other institutional investors have also increased their holdings in TWFG, with notable purchases made by State of Wyoming and Walleye Capital among others.
• Current analyst consensus for TWFG shares is a "Moderate Buy", with a consensus target price of $34.57, though recent reports show fluctuating target prices ranging from $32.00 to $42.00.

Riverbridge Partners LLC bought a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 344,267 shares of the company's stock, valued at approximately $12,049,000. Riverbridge Partners LLC owned approximately 0.61% of TWFG at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming purchased a new stake in shares of TWFG during the 1st quarter valued at $113,000. Walleye Capital LLC purchased a new stake in shares of TWFG during the 1st quarter valued at $263,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of TWFG during the 4th quarter valued at $282,000. Jane Street Group LLC purchased a new position in TWFG in the 4th quarter worth $351,000. Finally, PDT Partners LLC raised its stake in TWFG by 4.3% in the 1st quarter. PDT Partners LLC now owns 16,887 shares of the company's stock worth $522,000 after acquiring an additional 692 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TWFG shares. Piper Sandler reduced their target price on TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, August 14th. Morgan Stanley reduced their target price on TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Finally, UBS Group raised their target price on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.

TWFG Price Performance

Shares of TWFG opened at $26.58 on Thursday. The business's 50-day moving average is $27.88 and its two-hundred day moving average is $31.13. The company has a market capitalization of $1.49 billion, a P/E ratio of 64.83 and a beta of 0.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. TWFG, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.85.

About TWFG

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.

Want to see what other hedge funds are holding TWFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TWFG, Inc. (NASDAQ:TWFG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.