Jacobs Levy Equity Management Inc. Purchases New Shares in TWFG, Inc. (NASDAQ:TWFG)

Jacobs Levy Equity Management Inc. purchased a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,343 shares of the company's stock, valued at approximately $688,000. Jacobs Levy Equity Management Inc. owned 0.15% of TWFG as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of TWFG. Venturi Wealth Management LLC purchased a new stake in shares of TWFG in the 4th quarter worth approximately $86,000. Alberta Investment Management Corp lifted its position in shares of TWFG by 4.4% in the 4th quarter. Alberta Investment Management Corp now owns 124,462 shares of the company's stock worth $3,833,000 after purchasing an additional 5,215 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of TWFG in the 4th quarter worth approximately $244,000. 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 acquiring an additional 1,981 shares during the last quarter. Finally, Sei Investments Co. lifted its position in TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company's stock valued at $405,000 after acquiring an additional 4,747 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on TWFG shares. Morgan Stanley increased their price objective on shares of TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Monday. Keefe, Bruyette & Woods cut their price objective on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, BMO Capital Markets increased their price objective on shares of TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, TWFG presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.71.

TWFG Stock Performance

TWFG stock traded up $0.20 during midday trading on Friday, hitting $35.15. 36,234 shares of the stock traded hands, compared to its average volume of 148,973. The firm has a market cap of $1.97 billion and a P/E ratio of 3.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The stock's fifty day simple moving average is $31.81 and its 200-day simple moving average is $31.12. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50.

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.