TD Asset Management Inc Buys 10,666 Shares of TWFG, Inc. (NASDAQ:TWFG)

Key Points

• TD Asset Management Inc increased its stake in TWFG, Inc. by 25.2%, owning a total of 52,942 shares valued at approximately $1.64 million.
• Several large investors, including Tower Research Capital LLC and Norges Bank, significantly increased their stakes in TWFG during the fourth quarter, indicating growing institutional interest.
• Analysts have set new price targets for TWFG, with Morgan Stanley and JPMorgan Chase raising their targets to $34.00, while UBS Group increased its target to $42.00, reflecting a generally positive outlook.

TD Asset Management Inc increased its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 25.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,942 shares of the company's stock after purchasing an additional 10,666 shares during the period. TD Asset Management Inc owned about 0.09% of TWFG worth $1,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. acquired a new position in TWFG in the first quarter worth about $6,784,000. Ascent Group LLC acquired a new position in shares of TWFG in the 4th quarter worth approximately $585,000. Two Sigma Advisers LP bought a new position in shares of TWFG during the 4th quarter worth approximately $1,337,000. Two Sigma Investments LP boosted its stake in TWFG by 84.3% in the 4th quarter. Two Sigma Investments LP now owns 87,576 shares of the company's stock valued at $2,697,000 after buying an additional 40,052 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in TWFG during the fourth quarter worth $285,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on TWFG. Morgan Stanley upped 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. UBS Group lifted their price objective on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised 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. Finally, Keefe, Bruyette & Woods reduced their price target 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 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.com, the company has an average rating of "Moderate Buy" and an average price target of $35.57.

TWFG Trading Down 3.1%

Shares of TWFG stock traded down $0.90 on Wednesday, hitting $28.07. The stock had a trading volume of 109,804 shares, compared to its average volume of 67,741. The firm has a market cap of $1.57 billion and a P/E ratio of 1.90. TWFG, Inc. has a twelve month low of $23.64 and a twelve month high of $36.85. The company has a current ratio of 124.50, a quick ratio of 124.50 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $33.57 and a two-hundred day moving average price of $32.01.

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.