Freestone Grove Partners LP bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 192,557 shares of the company's stock, valued at approximately $5,931,000. Freestone Grove Partners LP owned about 1.30% of TWFG at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new position in shares of TWFG during the 4th quarter worth approximately $86,000. Tower Research Capital LLC TRC grew its stake in TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after buying an additional 2,368 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of TWFG by 57.8% in the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after purchasing an additional 1,981 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in TWFG in the fourth quarter valued at $244,000. Finally, Norges Bank purchased a new stake in TWFG during the 4th quarter valued at about $297,000.
Analyst Upgrades and Downgrades
TWFG has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price objective on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley dropped their price target on shares of TWFG from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.
Read Our Latest Research Report on TWFG
TWFG Trading Down 0.3 %
Shares of TWFG traded down $0.11 during midday trading on Thursday, hitting $32.53. The stock had a trading volume of 28,173 shares, compared to its average volume of 152,585. The company has a 50 day simple moving average of $31.03 and a two-hundred day simple moving average of $30.94. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.
About TWFG
(
Free Report)
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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