Bank of America Corp DE Trims Stock Holdings in TWFG, Inc. (NASDAQ:TWFG)

Bank of America Corp DE decreased its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 70.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,834 shares of the company's stock after selling 8,999 shares during the quarter. Bank of America Corp DE's holdings in TWFG were worth $118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TWFG. Venturi Wealth Management LLC purchased a new position in shares of TWFG during the 4th quarter worth $86,000. Tower Research Capital LLC TRC raised its holdings in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after purchasing an additional 2,368 shares during the period. Quantbot Technologies LP lifted its position in TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock valued at $167,000 after purchasing an additional 1,981 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in TWFG during the fourth quarter valued at about $244,000. Finally, Norges Bank purchased a new stake in TWFG in the fourth quarter worth about $297,000.

Analysts Set New Price Targets

A number of equities research analysts have commented on TWFG shares. JPMorgan Chase & Co. raised their target price 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. Morgan Stanley lifted their target price on shares of TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods cut their price target on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, BMO Capital Markets raised their price target on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, TWFG currently has an average rating of "Moderate Buy" and a consensus target price of $33.71.

TWFG Price Performance

TWFG stock traded up $0.29 during mid-day trading on Friday, reaching $35.15. 83,597 shares of the company's stock traded hands, compared to its average volume of 85,616. TWFG, Inc. has a 12-month low of $21.31 and a 12-month high of $36.85. The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $33.75 and a two-hundred day moving average of $31.35. The company has a market cap of $1.97 billion and a price-to-earnings ratio of 3.26.

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.