Alberta Investment Management Corp Lowers Stock Position 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 lowered its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,697 shares of the company's stock after selling 20,765 shares during the quarter. Alberta Investment Management Corp owned about 0.18% of TWFG worth $3,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWFG. T. Rowe Price Investment Management Inc. lifted its position in TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock valued at $47,854,000 after buying an additional 415,159 shares during the period. Victory Capital Management Inc. purchased a new position in TWFG during the first quarter valued at $6,784,000. Capital International Investors raised its position in shares of TWFG by 30.8% in the 4th quarter. Capital International Investors now owns 878,807 shares of the company's stock worth $27,067,000 after purchasing an additional 206,969 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of TWFG in the 4th quarter worth about $5,931,000. Finally, Bamco Inc. NY raised its position in shares of TWFG by 19.6% in the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock worth $26,847,000 after purchasing an additional 142,913 shares during the last quarter.

Analyst Ratings Changes

TWFG has been the subject of several recent analyst reports. UBS Group lifted 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. JPMorgan Chase & Co. lifted their price target on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Morgan Stanley lifted their price target on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods lowered their price target on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average price target of $35.57.

TWFG Price Performance

NASDAQ TWFG opened at $29.37 on Friday. TWFG, Inc. has a one year low of $22.93 and a one year high of $36.85. The stock has a 50-day moving average of $33.95 and a 200 day moving average of $32.06. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of 2.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 124.50 and a current ratio of 124.50.

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.

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