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

Seven Grand Managers LLC bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,000 shares of the company’s stock, valued at approximately $814,000.

TWFG Price Performance

Shares of TWFG stock opened at $29.41 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 33.76 and a quick ratio of 33.75. TWFG, Inc. has a 12-month low of $21.31 and a 12-month high of $31.91. The company has a fifty day moving average price of $27.27.

TWFG (NASDAQ:TWFG) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $14.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities analysts predict that TWFG, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Ratings Changes

TWFG has been the subject of a number of research reports. Morgan Stanley initiated coverage on TWFG in a research report on Monday, August 12th. They issued an “equal weight” rating and a $23.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. William Blair initiated coverage on shares of TWFG in a research note on Wednesday, August 21st. They issued an “outperform” rating on the stock. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.86.

Insiders Place Their Bets

In related news, CEO Richard F. Bunch III purchased 17,550 shares of TWFG stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $17.00 per share, for a total transaction of $298,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 695,925 shares of the company’s stock, valued at $11,830,725. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Janice E. Zwinggi bought 3,000 shares of the business’s stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $51,000.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard F. Bunch III purchased 17,550 shares of TWFG stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $17.00 per share, with a total value of $298,350.00. Following the transaction, the chief executive officer now owns 695,925 shares in the company, valued at approximately $11,830,725. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 30,300 shares of company stock worth $515,100.

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.