Dimensional Fund Advisors LP Purchases Shares of 67,612 TWFG, Inc. $TWFG

Dimensional Fund Advisors LP purchased a new position in TWFG, Inc. (NASDAQ:TWFG) in the 1st quarter, HoldingsChannel reports. The fund purchased 67,612 shares of the company’s stock, valued at approximately $1,243,000.

A number of other large investors have also modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of TWFG by 102.7% in the fourth quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock valued at $26,000 after acquiring an additional 454 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in TWFG during the 4th quarter worth $68,000. Russell Investments Group Ltd. purchased a new stake in TWFG during the 3rd quarter worth about $142,000. Quantbot Technologies LP increased its holdings in 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 during the period. Finally, State of Tennessee Department of Treasury acquired a new stake in TWFG in the 2nd quarter valued at about $155,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price objective on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Zacks Research raised shares of TWFG from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Piper Sandler lifted their price target on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Truist Financial set a $23.00 price target on shares of TWFG in a report on Monday, June 8th. Finally, Weiss Ratings raised shares of TWFG from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.86.

Insider Buying and Selling

In other TWFG news, Director Michael Doak acquired 7,865 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $19.45 per share, with a total value of $152,974.25. Following the purchase, the director owned 765,587 shares in the company, valued at approximately $14,890,667.15. The trade was a 1.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have bought 160,852 shares of company stock valued at $3,034,663. 68.44% of the stock is currently owned by corporate insiders.

TWFG Price Performance

NASDAQ TWFG opened at $26.77 on Friday. The business has a 50 day moving average price of $25.00 and a 200 day moving average price of $21.57. The company has a market capitalization of $1.45 billion, a P/E ratio of 45.37 and a beta of 0.16. TWFG, Inc. has a 1-year low of $16.56 and a 1-year high of $29.99.

TWFG (NASDAQ:TWFG) last posted its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. On average, research analysts expect that TWFG, Inc. will post 0.98 earnings per share for the current fiscal year.

About TWFG

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.