Victory Capital Management Inc. Makes New $6.78 Million Investment in TWFG, Inc. (NASDAQ:TWFG)

Key Points

• Victory Capital Management Inc. invested approximately $6.78 million in shares of TWFG, Inc., acquiring 219,490 shares during the first quarter.
• Several institutional investors, including T. Rowe Price and Alliancebernstein, significantly increased their holdings in TWFG by percentages ranging from 7.6% to 36.5% in the fourth quarter.
• TWFG's stock recently rose by 1.6%, with a current trading price of $31.00, and it has an average analyst rating of "Moderate Buy" with a consensus target price of $35.57.

Victory Capital Management Inc. purchased a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 219,490 shares of the company's stock, valued at approximately $6,784,000. Victory Capital Management Inc. owned 1.47% of TWFG at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. ExodusPoint Capital Management LP boosted its position in shares of TWFG by 199.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company's stock worth $3,053,000 after purchasing an additional 65,968 shares in the last quarter. Jane Street Group LLC purchased a new position in TWFG in the 4th quarter worth approximately $351,000. JPMorgan Chase & Co. purchased a new position in TWFG in the 4th quarter worth approximately $410,000. Vanguard Group Inc. raised its holdings in TWFG by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock worth $19,000,000 after acquiring an additional 32,382 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in TWFG in the 4th quarter worth approximately $688,000.

TWFG Price Performance

TWFG stock traded up $0.29 during mid-day trading on Monday, hitting $31.29. The company had a trading volume of 27,143 shares, compared to its average volume of 88,031. The company has a 50-day moving average price of $34.40 and a 200 day moving average price of $32.03. The company has a quick ratio of 124.50, a current ratio of 124.50 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.75 billion and a price-to-earnings ratio of 2.88. TWFG, Inc. has a 12-month low of $22.87 and a 12-month high of $36.85.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TWFG shares. UBS Group boosted their price objective on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, July 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 research report on Monday, May 19th. Keefe, Bruyette & Woods cut their target price on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th. Finally, Morgan Stanley boosted their price objective on shares of TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.