Alliancebernstein L.P. Buys 159,155 Shares of TWFG, Inc. $TWFG

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.

Alliancebernstein L.P. raised its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,170,377 shares of the company's stock after acquiring an additional 159,155 shares during the period. Alliancebernstein L.P. owned approximately 2.09% of TWFG worth $36,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TD Asset Management Inc increased its holdings in TWFG by 25.2% in the 1st quarter. TD Asset Management Inc now owns 52,942 shares of the company's stock valued at $1,636,000 after acquiring an additional 10,666 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of TWFG in the 4th quarter worth $351,000. Nuveen LLC purchased a new position in shares of TWFG in the 1st quarter worth $15,501,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of TWFG in the 4th quarter worth $688,000. Finally, Ascent Group LLC purchased a new position in shares of TWFG in the 4th quarter worth $585,000.

TWFG Price Performance

TWFG stock opened at $26.25 on Tuesday. TWFG, Inc. has a 12 month low of $24.50 and a 12 month high of $36.85. The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $30.04 and a 200 day moving average price of $31.60. The stock has a market cap of $1.47 billion, a PE ratio of 64.03 and a beta of 0.29.

Analysts Set New Price Targets

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

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.

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