Price T Rowe Associates Inc. MD Has $1.25 Million Stock Position in TWFG, Inc. (NASDAQ:TWFG)

Price T Rowe Associates Inc. MD lessened its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,499 shares of the company's stock after selling 894,628 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.27% of TWFG worth $1,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors boosted its stake in TWFG by 30.8% in the 4th quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after purchasing an additional 206,969 shares during the period. Renaissance Technologies LLC acquired a new position in shares of TWFG in the fourth quarter valued at about $3,274,000. Alliancebernstein L.P. increased its position in TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company's stock worth $31,146,000 after acquiring an additional 71,106 shares during the period. ExodusPoint Capital Management LP raised its stake in 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. Finally, Marshall Wace LLP boosted its holdings in TWFG by 56.8% in the 4th quarter. Marshall Wace LLP now owns 152,388 shares of the company's stock valued at $4,694,000 after purchasing an additional 55,213 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price objective on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, TWFG currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

TWFG Stock Up 0.6 %

Shares of TWFG stock opened at $32.24 on Friday. The business has a fifty day simple moving average of $31.03 and a 200 day simple moving average of $30.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50.

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.

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