Seven Grand Managers LLC Buys Shares of 30,000 TWFG, Inc. (NASDAQ:TWFG)

Seven Grand Managers LLC purchased a new stake in shares of TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the company’s stock, valued at approximately $814,000. Seven Grand Managers LLC owned 0.23% of TWFG at the end of the most recent quarter.

Insider Activity

In related news, CEO Richard F. Bunch III purchased 17,550 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $17.00 per share, with a total value of $298,350.00. Following the purchase, the chief executive officer now directly owns 695,925 shares in the company, valued at $11,830,725. This represents a 0.00 % 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. In other news, CEO Richard F. Bunch III purchased 17,550 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $17.00 per share, with a total value of $298,350.00. Following the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at approximately $11,830,725. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Janet S. Wong purchased 2,500 shares of TWFG stock in a transaction on Friday, July 19th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $102,493. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 30,300 shares of company stock worth $515,100.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TWFG. Morgan Stanley initiated coverage on TWFG in a research note on Monday, August 12th. They set an “equal weight” rating and a $23.00 target price on the stock. Piper Sandler began coverage on shares of TWFG in a research note on Monday, August 12th. They issued an “overweight” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Royal Bank of Canada boosted their price target on TWFG from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, UBS Group initiated coverage on shares of TWFG in a research note on Monday, August 12th. They issued a “buy” rating and a $29.00 price objective for the company. Three 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.86.

TWFG Price Performance

Shares of TWFG stock opened at $29.41 on Thursday. 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 quick ratio of 33.75 and a current ratio of 33.76. The firm has a fifty day simple moving average of $27.27.

TWFG (NASDAQ:TWFG) last posted its earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share 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 the consensus estimate of $51.86 million. As a group, research analysts anticipate that TWFG, Inc. will post 0.49 EPS for the current year.

TWFG Company 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.