Seven Grand Managers LLC Invests $814,000 in TWFG, Inc. (NASDAQ:TWFG)

Seven Grand Managers LLC acquired a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company's stock, valued at approximately $814,000. Seven Grand Managers LLC owned about 0.23% of TWFG as of its most recent filing with the Securities and Exchange Commission (SEC).

TWFG Price Performance

NASDAQ TWFG traded down $0.21 during trading hours on Thursday, hitting $29.20. 57,812 shares of the company were exchanged, compared to its average volume of 177,656. TWFG, Inc. has a 52-week low of $21.31 and a 52-week high of $31.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 33.76 and a quick ratio of 33.75. The company's 50 day simple moving average is $27.36.

TWFG (NASDAQ:TWFG - Get Free Report) last released its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating analysts' consensus estimates of $3.74 by $11.15. The business had revenue of $53.27 million during the quarter, compared to analysts' expectations of $51.86 million. Analysts forecast that TWFG, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWFG has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on TWFG from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. William Blair initiated coverage on TWFG in a research note on Wednesday, August 21st. They issued an "outperform" rating on the stock. JPMorgan Chase & Co. upped their price target on TWFG from $26.50 to $28.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Piper Sandler initiated coverage on TWFG in a research note on Monday, August 12th. They issued an "overweight" rating and a $27.00 price target on the stock. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $30.00 price target on shares of TWFG in a research note on Wednesday, August 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and a consensus price target of $27.86.

Insider Activity

In other TWFG news, Director Janet S. Wong acquired 2,500 shares of the company's stock in a transaction dated Friday, July 19th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $42,500.00. Following the acquisition, the director now owns 6,029 shares in the company, valued at $102,493. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other TWFG news, Director Janet S. Wong bought 2,500 shares of the stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the director now owns 6,029 shares in the company, valued at approximately $102,493. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Janice E. Zwinggi bought 3,000 shares of the stock in a transaction dated Friday, July 19th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 61,823 shares of the company's stock, valued at approximately $1,050,991. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 30,300 shares of company stock worth $515,100.

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.