Two Sigma Advisers LP Acquires New Shares in TWFG, Inc. (NASDAQ:TWFG)

Two Sigma Advisers LP acquired a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 43,400 shares of the company's stock, valued at approximately $1,337,000. Two Sigma Advisers LP owned 0.29% of TWFG at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in TWFG in the fourth quarter valued at approximately $244,000. ExodusPoint Capital Management LP raised its stake in shares of TWFG by 199.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company's stock valued at $3,053,000 after acquiring an additional 65,968 shares during the period. JPMorgan Chase & Co. acquired a new stake in TWFG in the 4th quarter valued at $410,000. Vanguard Group Inc. boosted its stake in shares of TWFG by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock valued at $19,000,000 after purchasing an additional 32,382 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in TWFG in the 4th quarter worth $688,000.

TWFG Stock Performance

Shares of NASDAQ TWFG traded down $0.09 during midday trading on Wednesday, hitting $35.16. The company's stock had a trading volume of 42,450 shares, compared to its average volume of 145,487. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.85. The firm's fifty day moving average price is $32.47 and its 200-day moving average price is $31.24. The firm has a market cap of $1.97 billion and a P/E ratio of 3.26.

Wall Street Analysts Forecast Growth

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