Ascent Group LLC lifted its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 131.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,883 shares of the company's stock after purchasing an additional 24,887 shares during the period. Ascent Group LLC owned about 0.08% of TWFG worth $1,356,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in TWFG by 28.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after purchasing an additional 434,997 shares during the period. Alliancebernstein L.P. raised its stake in TWFG by 15.7% in the first quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock valued at $36,176,000 after buying an additional 159,155 shares in the last quarter. Vanguard Group Inc. raised its stake in TWFG by 0.7% in the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock valued at $19,200,000 after buying an additional 4,252 shares in the last quarter. Nuveen LLC acquired a new stake in TWFG in the first quarter valued at $15,501,000. Finally, Alyeska Investment Group L.P. raised its stake in TWFG by 15.5% in the first quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company's stock valued at $8,139,000 after buying an additional 35,357 shares in the last quarter.
Analysts Set New Price Targets
TWFG has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price target on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Morgan Stanley cut their price target on TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. UBS Group raised their price target on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Piper Sandler cut their price target on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, TWFG currently has an average rating of "Moderate Buy" and a consensus price target of $34.57.
Read Our Latest Research Report on TWFG
TWFG Stock Performance
Shares of TWFG traded down $0.37 during midday trading on Friday, reaching $24.57. 55,446 shares of the stock were exchanged, compared to its average volume of 155,123. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 59.93 and a beta of 0.28. TWFG, Inc. has a twelve month low of $23.74 and a twelve month high of $36.85. The business's 50-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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