T. Rowe Price Investment Management Inc. Has $61.47 Million Stock Holdings in TWFG, Inc. $TWFG

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in TWFG, Inc. by 28.0%, owning a total of 1,988,671 shares valued at approximately $61.47 million.
• Several other large investors also purchased TWFG shares, including Nuveen LLC and TD Asset Management Inc., indicating a growing interest in the company.
• Analysts have set varied price targets for TWFG, with a consensus rating of "Moderate Buy" and an average price target of $34.57.

T. Rowe Price Investment Management Inc. raised its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 28.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,988,671 shares of the company's stock after acquiring an additional 434,997 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.55% of TWFG worth $61,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Asset Management Inc raised its stake in shares of TWFG by 25.2% in the first 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 in the 4th quarter valued at about $351,000. JPMorgan Chase & Co. bought a new position in shares of TWFG in the 4th quarter valued at about $410,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of TWFG during the fourth quarter worth approximately $688,000. Finally, Nuveen LLC acquired a new position in TWFG in the first quarter valued at approximately $15,501,000.

TWFG Stock Down 3.2%

TWFG traded down $0.91 during trading on Thursday, hitting $27.06. The company had a trading volume of 52,991 shares, compared to its average volume of 98,435. The company has a market capitalization of $1.52 billion and a PE ratio of 65.59. The firm's 50-day moving average price is $31.41 and its 200 day moving average price is $31.80. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. TWFG, Inc. has a one year low of $24.50 and a one year high of $36.85.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TWFG shares. Piper Sandler cut their price target on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased 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. UBS Group increased their price target on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Morgan Stanley cut their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, TWFG currently has a consensus rating of "Moderate Buy" and an average 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.