Norges Bank Buys New Stake in TWFG, Inc. (NASDAQ:TWFG)

Norges Bank purchased a new stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,631 shares of the company's stock, valued at approximately $297,000. Norges Bank owned 0.07% of TWFG at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWFG. Venturi Wealth Management LLC purchased a new position in TWFG in the fourth quarter worth $86,000. Quantbot Technologies LP raised its holdings in shares of TWFG by 57.8% during the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after purchasing an additional 1,981 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of TWFG in the 4th quarter valued at about $244,000. Franklin Resources Inc. acquired a new position in TWFG in the third quarter valued at approximately $293,000. Finally, Sei Investments Co. boosted its holdings in TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company's stock worth $405,000 after buying an additional 4,747 shares in the last quarter.

Wall Street Analysts Forecast Growth

TWFG has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. 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 report on Wednesday, April 9th. JPMorgan Chase & Co. reissued 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. Finally, Morgan Stanley reduced their target price on 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 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, TWFG presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

TWFG Price Performance

NASDAQ:TWFG traded up $0.11 during midday trading on Thursday, reaching $33.17. The company had a trading volume of 4,663 shares, compared to its average volume of 155,861. TWFG, Inc. has a 12-month low of $21.31 and a 12-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 stock's fifty day simple moving average is $30.35 and its 200-day simple moving average is $30.52.

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.