Symphony Financial Ltd. Co. Acquires 23,682 Shares of TWFG, Inc. $TWFG

Symphony Financial Ltd. Co. raised its holdings in TWFG, Inc. (NASDAQ:TWFG) by 153.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,089 shares of the company’s stock after acquiring an additional 23,682 shares during the quarter. Symphony Financial Ltd. Co. owned approximately 0.07% of TWFG worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TWFG. Fifth Third Bancorp lifted its position in shares of TWFG by 102.7% during the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after purchasing an additional 454 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in TWFG by 7.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 13,936 shares of the company’s stock worth $382,000 after buying an additional 970 shares during the period. Quantbot Technologies LP increased its stake in TWFG by 52.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after buying an additional 1,395 shares during the period. State of Wyoming lifted its holdings in TWFG by 42.0% during the 2nd quarter. State of Wyoming now owns 5,188 shares of the company’s stock valued at $182,000 after buying an additional 1,535 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in TWFG by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,018 shares of the company’s stock valued at $950,000 after buying an additional 1,800 shares during the period.

Analysts Set New Price Targets

Several research firms have recently weighed in on TWFG. Morgan Stanley raised shares of TWFG from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $30.00 in a research note on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Truist Financial set a $23.00 target price on TWFG in a research report on Monday, June 8th. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on TWFG from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.57.

TWFG Stock Down 0.1%

NASDAQ:TWFG opened at $28.80 on Wednesday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 48.81 and a beta of 0.18. TWFG, Inc. has a 52 week low of $16.56 and a 52 week high of $31.30. The firm has a 50 day moving average of $26.85 and a 200 day moving average of $21.91.

TWFG (NASDAQ:TWFG) last issued its quarterly 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 business 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%. As a group, analysts expect that TWFG, Inc. will post 1.09 EPS for the current year.

Insider Buying and Selling

In other TWFG news, Director Michael Doak purchased 7,865 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $19.45 per share, with a total value of $152,974.25. Following the completion of the acquisition, the director owned 765,587 shares in the company, valued at $14,890,667.15. The trade was a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 68.44% of the company’s stock.

TWFG Company 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.