Marshall Wace LLP Has $4.69 Million Stock Position in TWFG, Inc. (NASDAQ:TWFG)

Marshall Wace LLP raised its position in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,388 shares of the company's stock after purchasing an additional 55,213 shares during the quarter. Marshall Wace LLP owned 1.03% of TWFG worth $4,694,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TWFG. Geode Capital Management LLC bought a new position in shares of TWFG during the third quarter worth about $3,699,000. Y Intercept Hong Kong Ltd acquired a new position in TWFG during the 4th quarter worth approximately $244,000. ExodusPoint Capital Management LP grew its stake in shares of TWFG by 199.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company's stock worth $3,053,000 after acquiring an additional 65,968 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of TWFG by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock valued at $19,000,000 after purchasing an additional 32,382 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of TWFG in the third quarter worth $8,122,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TWFG shares. BMO Capital Markets raised their target price on shares of TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $33.00 price objective (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. Finally, Morgan Stanley reduced their price target on TWFG from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.00.

TWFG Price Performance

NASDAQ:TWFG traded up $0.12 during mid-day trading on Wednesday, hitting $31.68. The stock had a trading volume of 117,136 shares, compared to its average volume of 155,429. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $30.75 and its 200 day simple moving average is $30.83.

About TWFG

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.