Ascent Group LLC raised its position in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 131.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,883 shares of the company's stock after buying 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 reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. boosted its stake in shares of TWFG by 15.7% in the first quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock worth $36,176,000 after acquiring an additional 159,155 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in TWFG by 15.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company's stock worth $8,139,000 after purchasing an additional 35,357 shares during the last quarter. PDT Partners LLC boosted its stake in TWFG by 4.3% during the 1st quarter. PDT Partners LLC now owns 16,887 shares of the company's stock worth $522,000 after purchasing an additional 692 shares during the last quarter. State of Wyoming acquired a new position in TWFG during the first quarter worth about $113,000. Finally, Trexquant Investment LP acquired a new position in TWFG during the first quarter worth about $568,000.
TWFG Trading Down 0.5%
NASDAQ:TWFG traded down $0.12 during trading hours on Monday, reaching $24.46. 47,892 shares of the stock were exchanged, compared to its average volume of 101,407. The business has a 50-day moving average of $29.20 and a two-hundred day moving average of $31.46. TWFG, Inc. has a twelve month low of $23.74 and a twelve month high of $36.85. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 59.65 and a beta of 0.29.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TWFG. Morgan Stanley lowered their target price on TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Piper Sandler lowered their price objective on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. UBS Group boosted their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.57.
Get Our Latest Analysis on TWFG
TWFG Company 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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