Victory Capital Management Inc. Purchases Shares of 219,490 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. bought a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 219,490 shares of the company's stock, valued at approximately $6,784,000. Victory Capital Management Inc. owned approximately 1.47% of TWFG at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TWFG. Quantbot Technologies LP grew its stake in shares of TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock valued at $167,000 after acquiring an additional 1,981 shares in the last quarter. Sei Investments Co. grew its stake in TWFG by 56.4% in the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company's stock worth $405,000 after purchasing an additional 4,747 shares in the last quarter. LPL Financial LLC grew its stake in TWFG by 13.0% in the fourth quarter. LPL Financial LLC now owns 31,171 shares of the company's stock worth $960,000 after purchasing an additional 3,585 shares in the last quarter. Vanguard Group Inc. grew its stake in TWFG by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock worth $19,000,000 after purchasing an additional 32,382 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in TWFG in the fourth quarter worth about $410,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TWFG shares. JPMorgan Chase & Co. lifted their price target on TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods decreased their price target on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. UBS Group lifted their price target on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Morgan Stanley lifted their target price on TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, TWFG has a consensus rating of "Moderate Buy" and an average target price of $35.57.

TWFG Price Performance

NASDAQ:TWFG traded down $0.39 during midday trading on Tuesday, hitting $30.71. 13,708 shares of the stock were exchanged, compared to its average volume of 87,751. TWFG, Inc. has a one year low of $22.93 and a one year high of $36.85. The company has a market capitalization of $1.72 billion and a price-to-earnings ratio of 2.85. The business has a 50-day moving average price of $34.35 and a two-hundred day moving average price of $32.05. The company has a current ratio of 124.50, a quick ratio of 124.50 and a debt-to-equity ratio of 0.01.

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.