Renaissance Technologies LLC Invests $3.27 Million in TWFG, Inc. (NASDAQ:TWFG)

Renaissance Technologies LLC acquired a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 106,300 shares of the company's stock, valued at approximately $3,274,000. Renaissance Technologies LLC owned about 0.72% of TWFG at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company's stock valued at $31,146,000 after purchasing an additional 71,106 shares in the last quarter. Vanguard Group Inc. lifted its holdings in TWFG by 5.5% during 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 in the last quarter. Lord Abbett & CO. LLC purchased a new position in TWFG during the third quarter valued at approximately $8,122,000. Geode Capital Management LLC bought a new stake in shares of TWFG during the third quarter valued at approximately $3,699,000. Finally, Alberta Investment Management Corp raised its position in shares of TWFG by 4.4% during the fourth quarter. Alberta Investment Management Corp now owns 124,462 shares of the company's stock valued at $3,833,000 after buying an additional 5,215 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TWFG shares. BMO Capital Markets lifted their price objective 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. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $33.00 price target (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.00.

TWFG Price Performance

TWFG stock traded up $0.36 during trading on Tuesday, hitting $31.36. 3,661 shares of the company's stock traded hands, compared to its average volume of 155,201. The business has a fifty day simple moving average of $30.68 and a two-hundred day simple moving average of $30.82. 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 1 year low of $21.31 and a 1 year high of $36.50.

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.