Royce & Associates LP Invests $1.55 Million in TWFG, Inc. (NASDAQ:TWFG)

Royce & Associates LP acquired a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 57,000 shares of the company's stock, valued at approximately $1,546,000. Royce & Associates LP owned approximately 0.38% of TWFG as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TWFG. Seven Grand Managers LLC purchased a new stake in shares of TWFG in the 3rd quarter valued at about $814,000. Emerald Mutual Fund Advisers Trust purchased a new stake in TWFG in the third quarter valued at approximately $133,000. Finally, Symphony Financial Ltd. Co. bought a new stake in TWFG during the third quarter valued at approximately $310,000.

Analyst Ratings Changes

TWFG has been the topic of a number of research analyst reports. William Blair initiated coverage on shares of TWFG in a report on Wednesday, August 21st. They issued an "outperform" rating on the stock. Royal Bank of Canada raised their price target on TWFG from $30.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. DOWLING & PARTN upgraded TWFG to a "hold" rating in a report on Wednesday, September 11th. BMO Capital Markets reissued an "outperform" rating and set a $30.00 price objective on shares of TWFG in a report on Wednesday, August 28th. Finally, UBS Group initiated coverage on shares of TWFG in a research report on Monday, August 12th. They set a "buy" rating and a $29.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average target price of $30.43.

TWFG Price Performance

Shares of TWFG traded up $0.59 during mid-day trading on Wednesday, hitting $32.85. 12,211 shares of the company's stock traded hands, compared to its average volume of 153,145. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. The business has a 50-day simple moving average of $29.72. TWFG, Inc. has a 1 year low of $21.31 and a 1 year high of $36.50.

TWFG (NASDAQ:TWFG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, beating the consensus estimate of $3.74 by $11.15. The firm had revenue of $53.27 million for the quarter, compared to analysts' expectations of $51.86 million. On average, equities research analysts predict that TWFG, Inc. will post 0.49 EPS for the current year.

TWFG Profile

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.