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Alliancebernstein L.P. Has $36.18 Million Position in TWFG, Inc. $TWFG

TWFG logo with Finance background

Key Points

  • Alliancebernstein L.P. increased its stake in TWFG, Inc. by 15.7%, acquiring an additional 159,155 shares, bringing its total ownership to approximately 1.17 million shares valued at $36.18 million.
  • Several other institutional investors also increased their holdings in TWFG, including TD Asset Management Inc., which raised its stake by 25.2% in the first quarter.
  • Analysts have mixed sentiments on TWFG, with four rating it a "Buy" and four issuing a "Hold," while the consensus price target stands at $34.57.
  • MarketBeat previews top five stocks to own in November.

Alliancebernstein L.P. boosted its holdings in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 15.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170,377 shares of the company's stock after buying an additional 159,155 shares during the period. Alliancebernstein L.P. owned about 2.09% of TWFG worth $36,176,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in TWFG by 28.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock worth $61,470,000 after buying an additional 434,997 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of TWFG by 0.7% during the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock valued at $19,200,000 after acquiring an additional 4,252 shares during the period. Nuveen LLC bought a new position in shares of TWFG during the first quarter valued at $15,501,000. Alyeska Investment Group L.P. lifted its holdings in shares of TWFG by 15.5% during the first quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company's stock valued at $8,139,000 after acquiring an additional 35,357 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of TWFG during the first quarter valued at $6,784,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on TWFG. UBS Group lifted their price target on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley cut their price target on TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Piper Sandler cut their price target on TWFG from $38.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. lifted their price target on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average target price of $34.57.

Check Out Our Latest Stock Report on TWFG

TWFG Trading Down 1.5%

Shares of TWFG stock traded down $0.37 during trading on Friday, hitting $24.57. 55,446 shares of the company were exchanged, compared to its average volume of 155,123. The firm has a market capitalization of $1.38 billion, a P/E ratio of 59.93 and a beta of 0.28. TWFG, Inc. has a 1-year low of $23.74 and a 1-year high of $36.85. The firm's fifty day moving average price is $29.20 and its 200 day moving average price is $31.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86.

TWFG Profile

(Free Report)

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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Institutional Ownership by Quarter for TWFG (NASDAQ:TWFG)

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