D. E. Shaw & Co. Inc. Invests $282,000 in TWFG, Inc. (NASDAQ:TWFG)

D. E. Shaw & Co. Inc. acquired a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,153 shares of the company's stock, valued at approximately $282,000. D. E. Shaw & Co. Inc. owned about 0.06% of TWFG as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new stake in TWFG in the 4th quarter valued at approximately $244,000. ExodusPoint Capital Management LP lifted its position in shares of TWFG by 199.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company's stock worth $3,053,000 after buying an additional 65,968 shares during the period. JPMorgan Chase & Co. bought a new position in shares of TWFG during the 4th quarter worth approximately $410,000. Vanguard Group Inc. lifted its position in shares of TWFG by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock worth $19,000,000 after buying an additional 32,382 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its position in TWFG by 36.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock valued at $47,854,000 after purchasing an additional 415,159 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TWFG. JPMorgan Chase & Co. lifted their price objective on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. BMO Capital Markets lifted their price objective on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Morgan Stanley lifted their price objective on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their target price 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, TWFG presently has an average rating of "Moderate Buy" and a consensus price target of $33.71.

TWFG Trading Up 0.7%

NASDAQ:TWFG traded up $0.26 during trading hours on Friday, hitting $35.15. 28,812 shares of the company were exchanged, compared to its average volume of 146,906. The stock has a market capitalization of $1.97 billion and a price-to-earnings ratio of 3.26. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a one year low of $21.31 and a one year high of $36.67. The company has a fifty day simple moving average of $32.26 and a 200 day simple moving average of $31.19.

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.