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

Ascent Group LLC purchased a new stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,996 shares of the company's stock, valued at approximately $585,000. Ascent Group LLC owned 0.13% of TWFG at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in shares of TWFG during the fourth quarter worth $86,000. Tower Research Capital LLC TRC grew its holdings in shares of TWFG by 273.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after purchasing an additional 2,368 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after purchasing an additional 1,981 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of TWFG during the fourth quarter worth $211,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TWFG during the fourth quarter worth $244,000.

TWFG Trading Up 0.7%

TWFG stock traded up $0.26 during mid-day trading on Friday, hitting $35.15. The stock had a trading volume of 28,812 shares, compared to its average volume of 146,906. The stock has a 50-day simple moving average of $32.26 and a two-hundred day simple moving average of $31.19. The stock has a market capitalization of $1.97 billion and a PE ratio of 3.26. TWFG, Inc. has a 12 month low of $21.31 and a 12 month high of $36.67. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

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

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.