Trexquant Investment LP Purchases New Position in TWFG, Inc. $TWFG

Key Points

• Trexquant Investment LP has acquired a new position in TWFG, Inc., purchasing 18,377 shares valued at approximately $568,000.
• Recent activity from other hedge funds includes TD Asset Management increasing its stake by 25.2% and Nuveen LLC investing $15,501,000 in TWFG during the first quarter.
• Analysts have set a consensus price target of $34.57 for TWFG, with multiple reports issuing both "Buy" and "Hold" ratings on the stock.

Trexquant Investment LP bought a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,377 shares of the company's stock, valued at approximately $568,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its position in shares of TWFG by 25.2% during the 1st quarter. TD Asset Management Inc now owns 52,942 shares of the company's stock valued at $1,636,000 after acquiring an additional 10,666 shares during the last quarter. Jane Street Group LLC bought a new position in shares of TWFG during the 4th quarter valued at about $351,000. Nuveen LLC bought a new stake in shares of TWFG during the first quarter worth $15,501,000. Jacobs Levy Equity Management Inc. acquired a new position in TWFG in the 4th quarter worth $688,000. Finally, Ascent Group LLC acquired a new position in shares of TWFG during the fourth quarter worth about $585,000.

TWFG Trading Up 1.6%

TWFG opened at $26.25 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. TWFG, Inc. has a fifty-two week low of $24.50 and a fifty-two week high of $36.85. The company's 50 day moving average price is $30.04 and its two-hundred day moving average price is $31.60. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 64.03 and a beta of 0.29.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Piper Sandler dropped their price objective on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. UBS Group increased their price objective on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price target on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Finally, Morgan Stanley dropped their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.

TWFG 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.

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