Renaissance Technologies LLC Has $2.18 Million Stock Position in TWFG, Inc. $TWFG

Renaissance Technologies LLC grew its holdings in TWFG, Inc. (NASDAQ:TWFG) by 201.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 118,327 shares of the company’s stock after acquiring an additional 79,127 shares during the quarter. Renaissance Technologies LLC’s holdings in TWFG were worth $2,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TWFG. Fifth Third Bancorp increased its position in TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after acquiring an additional 454 shares during the period. Quadrant Capital Group LLC bought a new stake in TWFG in the 4th quarter valued at about $68,000. Quantbot Technologies LP grew its position in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after purchasing an additional 1,395 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the 2nd quarter worth approximately $155,000. Finally, Russell Investments Group Ltd. bought a new position in shares of TWFG during the third quarter worth approximately $142,000.

Insider Buying and Selling at TWFG

In related news, Director Michael Doak bought 7,865 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the purchase, the director owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 160,852 shares of company stock worth $3,034,663 over the last quarter. Insiders own 68.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TWFG shares. Wall Street Zen cut TWFG from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley set a $26.00 price objective on TWFG in a research note on Monday. Royal Bank Of Canada upped their target price on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday. Weiss Ratings raised TWFG from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 17th. Finally, Zacks Research upgraded TWFG from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.43.

TWFG Stock Down 4.9%

TWFG stock opened at $27.64 on Tuesday. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $29.99. The business’s 50-day moving average price is $24.38 and its two-hundred day moving average price is $21.51. The stock has a market cap of $1.50 billion, a PE ratio of 46.85 and a beta of 0.15.

TWFG (NASDAQ:TWFG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating 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 net margin of 2.90% and a return on equity of 19.49%. As a group, analysts expect that TWFG, Inc. will post 0.98 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.