Jane Street Group LLC Takes $351,000 Position in TWFG, Inc. (NASDAQ:TWFG)

Jane Street Group LLC purchased a new stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,390 shares of the company's stock, valued at approximately $351,000. Jane Street Group LLC owned about 0.08% of TWFG at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWFG. Venturi Wealth Management LLC bought a new position in shares of TWFG in the 4th quarter valued at about $86,000. Alberta Investment Management Corp grew 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 valued at $3,833,000 after acquiring an additional 5,215 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of TWFG in the 4th quarter valued at about $244,000. Quantbot Technologies LP grew its position in shares of TWFG by 57.8% in the 4th 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 period. Finally, Sei Investments Co. grew its position in shares of TWFG by 56.4% in the 4th 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 period.

TWFG Stock Performance

TWFG stock traded down $0.15 during midday trading on Thursday, hitting $35.01. The company's stock had a trading volume of 52,928 shares, compared to its average volume of 145,070. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.85. 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 company has a 50-day moving average price of $32.56 and a two-hundred day moving average price of $31.27. The company has a market cap of $1.96 billion and a price-to-earnings ratio of 3.25.

Analyst Upgrades and Downgrades

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

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.