SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   ----------

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 27, 2004

                          WESTWOOD HOLDINGS GROUP, INC.
               (Exact name of registrant as specified in charter)

          Delaware                  001-31234                 75-2969997
(State or other jurisdiction       (Commission               (IRS Employer
     of incorporation)             File Number)            Identification No.)

                         200 Crescent Court, Suite 1200
                               Dallas, Texas 75201
                    (Address of principal executive offices)

                                 (214) 756-6900
              (Registrant's telephone number, including area code)


ITEM 7. EXHIBITS

(c)   Exhibits: The following exhibit is furnished with this report:

Exhibit Number                    Description

99.1        Press Release dated July 27, 2004, entitled "Westwood Holdings
            Group, Inc. Announces 100% Increase in Quarterly Dividend, a Special
            Cash Dividend of $0.75 per Share and Second Quarter 2004 Results"

ITEM 9. REGULATION FD DISCLOSURE / RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In accordance with Securities and Exchange Commission Release No. 34-47583, the
following information, which is being furnished pursuant to the requirements of
Item 12, "Results of Operations and Financial Condition," is being reported
under Item 9, "Regulation FD Disclosure."

On July 27, 2004, Westwood Holdings Group, Inc. issued a press release entitled
"Westwood Holdings Group, Inc. Announces 100% Increase in Quarterly Dividend, a
Special Cash Dividend of $0.75 per Share and Second Quarter 2004 Results," a
copy of which is furnished with this Current Report on Form 8-K as Exhibit 99.1.
The information in this Current Report on Form 8-K shall not be deemed to be
"filed" for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of that Section, nor shall
it be deemed incorporated by reference in any filing of the Company under the
Securities Act of 1933, as amended.


                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: July 27, 2004

                                     WESTWOOD HOLDINGS GROUP, INC.

                                     By:  /s/  Brian O. Casey
                                          -------------------------------------
                                          Brian O. Casey,
                                          President and Chief Operating Officer


                                  EXHIBIT INDEX

Exhibit Number          Description
--------------          -----------

          99.1          Press release dated July 27, 2004, entitled "Westwood
                        Holdings Group, Inc. Announces 100% Increase in
                        Quarterly Dividend, a Special Cash Dividend of $0.75 per
                        Share and Second Quarter 2004 Results"