Alberta Investment Management Corp Has $3.21 Million Stock Holdings in TWFG, Inc. (NASDAQ:TWFG)

Key Points

• Alberta Investment Management Corp reduced its stake in TWFG, Inc. by 16.7% during the first quarter, leaving it with approximately 0.18% ownership valued at $3.2 million.
• Various institutional investors, including T. Rowe Price and Capital International Investors, have increased their stakes in TWFG, with T. Rowe Price boosting its position by 36.5% in the last quarter.
• Analysts have varied price targets for TWFG; while UBS Group raised it to $42.00, Keefe, Bruyette & Woods lowered their target to $32.00, resulting in an average price target of $35.57 and a current rating of "Moderate Buy."

Alberta Investment Management Corp cut its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 16.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,697 shares of the company's stock after selling 20,765 shares during the quarter. Alberta Investment Management Corp owned approximately 0.18% of TWFG worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings 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 acquiring an additional 2,368 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of TWFG during the fourth quarter valued at about $211,000. D. E. Shaw & Co. Inc. acquired a new stake in TWFG during the fourth quarter worth about $282,000. Occudo Quantitative Strategies LP bought a new stake in shares of TWFG in the 4th quarter worth approximately $285,000. Finally, Norges Bank acquired a new stake in shares of TWFG during the 4th quarter worth approximately $297,000.

TWFG Trading Down 3.1%

Shares of NASDAQ TWFG traded down $0.88 during mid-day trading on Thursday, hitting $27.19. The company's stock had a trading volume of 118,770 shares, compared to its average volume of 88,868. The company has a debt-to-equity ratio of 0.01, a current ratio of 124.50 and a quick ratio of 124.50. The stock has a market cap of $1.52 billion and a price-to-earnings ratio of 2.52. The company's fifty day simple moving average is $33.57 and its 200-day simple moving average is $32.01. TWFG, Inc. has a one year low of $23.64 and a one year high of $36.85.

Analyst Ratings Changes

A number of research firms recently weighed in on TWFG. Morgan Stanley upped their target price on shares of TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. upped their target price on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods reduced their price target on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group increased their price target on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.57.

TWFG Company 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.