Ascent Group LLC Acquires Shares of 18,996 TWFG, Inc. (NASDAQ:TWFG)

Ascent Group LLC purchased a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,996 shares of the company's stock, valued at approximately $585,000. Ascent Group LLC owned about 0.13% of TWFG at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in shares of TWFG during the 4th quarter valued at $86,000. Tower Research Capital LLC TRC increased its position in shares of TWFG by 273.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after purchasing an additional 2,368 shares during the period. Quantbot Technologies LP increased its position in shares of TWFG by 57.8% during the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock valued at $167,000 after purchasing an additional 1,981 shares during the period. Janus Henderson Group PLC acquired a new position in shares of TWFG during the 4th quarter valued at $211,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TWFG during the 4th quarter valued at $244,000.

TWFG Stock Performance

Shares of NASDAQ TWFG traded up $0.26 during trading hours on Friday, hitting $35.15. 28,812 shares of the company's stock were exchanged, compared to its average volume of 146,906. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 3.26. The company's 50-day moving average price is $32.16 and its 200-day moving average price is $31.17.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TWFG. BMO Capital Markets lifted their price target on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their target price on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lifted their target price on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their target price on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.71.

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.