TD Asset Management Inc Raises Holdings in 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 lifted its stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 25.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,942 shares of the company's stock after acquiring an additional 10,666 shares during the quarter. TD Asset Management Inc owned approximately 0.09% of TWFG worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. increased its holdings in TWFG by 36.5% in the fourth 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. Alliancebernstein L.P. increased its holdings in shares of TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company's stock valued at $31,146,000 after acquiring an additional 71,106 shares in the last quarter. Capital International Investors increased its holdings in shares of TWFG by 30.8% during the fourth quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after acquiring an additional 206,969 shares in the last quarter. Bamco Inc. NY increased its holdings in shares of TWFG by 19.6% during the fourth quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock valued at $26,847,000 after acquiring an additional 142,913 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of TWFG by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock valued at $19,000,000 after acquiring an additional 32,382 shares in the last quarter.

TWFG Stock Performance

Shares of NASDAQ:TWFG traded down $1.20 during midday trading on Friday, reaching $26.00. 258,527 shares of the company traded hands, compared to its average volume of 90,141. The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01. TWFG, Inc. has a 12 month low of $23.64 and a 12 month high of $36.85. The firm has a market capitalization of $1.46 billion and a price-to-earnings ratio of 2.41. The firm's fifty day moving average price is $33.42 and its two-hundred day moving average price is $31.99.

Analysts Set New Price Targets

TWFG has been the topic of several analyst reports. UBS Group lifted their target price on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their price objective on TWFG from $29.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. boosted their price objective on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TWFG currently has a consensus rating of "Moderate Buy" and an average price target of $35.57.

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.