Blair William & Co. IL Takes Position in TWFG, Inc. (NASDAQ:TWFG)

Key Points

• Blair William & Co. IL made a new investment in TWFG, Inc., purchasing 31,336 shares valued at approximately $969,000, representing about 0.06% ownership in the company.
• Analysts have issued new price targets for TWFG, with Morgan Stanley lifting its target from $29.00 to $34.00 and UBS raising it from $40.00 to $42.00, leading to a current consensus rating of "Moderate Buy" and a target price of $35.57.
• As of Friday, TWFG shares were trading at $25.83, down 5.0%, with a market cap of $1.45 billion and a PE ratio of 2.40.

Blair William & Co. IL bought a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,336 shares of the company's stock, valued at approximately $969,000. Blair William & Co. IL owned about 0.06% of TWFG at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock worth $47,854,000 after acquiring an additional 415,159 shares during the last quarter. Victory Capital Management Inc. bought a new stake in TWFG during the first quarter worth approximately $6,784,000. Capital International Investors increased its stake in TWFG by 30.8% during the fourth quarter. Capital International Investors now owns 878,807 shares of the company's stock worth $27,067,000 after acquiring an additional 206,969 shares during the last quarter. Freestone Grove Partners LP bought a new stake in TWFG during the fourth quarter worth approximately $5,931,000. Finally, Bamco Inc. NY increased its stake in TWFG by 19.6% during the fourth quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock worth $26,847,000 after acquiring an additional 142,913 shares during the last quarter.

TWFG Trading Down 1.4%

NASDAQ:TWFG traded down $0.41 during midday trading on Thursday, hitting $27.94. The stock had a trading volume of 93,459 shares, compared to its average volume of 93,737. TWFG, Inc. has a one year low of $23.89 and a one year high of $36.85. The company has a market capitalization of $1.57 billion and a price-to-earnings ratio of 68.15. The stock has a 50-day moving average of $32.76 and a 200 day moving average of $31.91. The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TWFG shares. Piper Sandler reaffirmed an "overweight" rating and set a $32.00 target price (down previously from $38.00) on shares of TWFG in a research note on Thursday. JPMorgan Chase & Co. upped their target price 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 upped their target price on TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, UBS Group upped their target price on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, TWFG currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.86.

TWFG 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.