Jacobs Levy Equity Management Inc. Makes New Investment in TWFG, Inc. (NASDAQ:TWFG)

Jacobs Levy Equity Management Inc. bought a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 SEC filing.

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

TWFG Price Performance

NASDAQ:TWFG traded up $0.44 during trading hours on Friday, reaching $35.39. The company had a trading volume of 18,091 shares, compared to its average volume of 148,891. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $31.72 and a two-hundred day moving average of $31.11. TWFG, Inc. has a one year low of $21.31 and a one year high of $36.54. The firm has a market capitalization of $1.98 billion and a PE ratio of 3.28.

Wall Street Analyst Weigh In

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

About TWFG

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.