Emerald Mutual Fund Advisers Trust Buys Shares of 4,900 TWFG, Inc. (NASDAQ:TWFG)

Emerald Mutual Fund Advisers Trust bought a new stake in TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,900 shares of the company’s stock, valued at approximately $133,000.

Separately, Symphony Financial Ltd. Co. acquired a new stake in shares of TWFG during the third quarter valued at $310,000.

Analyst Ratings Changes

A number of research firms recently commented on TWFG. Royal Bank of Canada increased their price objective 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 began coverage on TWFG in a research note on Wednesday, August 21st. They set an “outperform” rating on the stock. Piper Sandler began coverage on TWFG in a research note on Monday, August 12th. They set an “overweight” rating and a $27.00 price objective on the stock. UBS Group began coverage on TWFG in a research note on Monday, August 12th. They set a “buy” rating and a $29.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price objective on TWFG from $26.50 to $28.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.86.

TWFG Stock Performance

TWFG stock opened at $31.72 on Monday. The stock has a 50-day moving average price of $28.73. The company has a current ratio of 33.76, a quick ratio of 33.75 and a debt-to-equity ratio of 0.68. TWFG, Inc. has a 12 month low of $21.31 and a 12 month high of $33.90.

TWFG (NASDAQ:TWFG) last released its quarterly earnings data on Tuesday, August 27th. The company reported $14.89 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $11.15. The firm had revenue of $53.27 million during the quarter, compared to analysts’ expectations of $51.86 million. Sell-side analysts expect that TWFG, Inc. will post 0.49 EPS for the current year.

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.