TWFG, Inc. (NASDAQ:TWFG) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its position in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,553,674 shares of the company's stock after purchasing an additional 415,159 shares during the period. T. Rowe Price Investment Management Inc. owned about 10.49% of TWFG worth $47,854,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of TWFG. Geode Capital Management LLC acquired a new position in TWFG in the third quarter valued at $3,699,000. Franklin Resources Inc. purchased a new stake in TWFG in the 3rd quarter valued at about $293,000. Lord Abbett & CO. LLC acquired a new position in shares of TWFG during the 3rd quarter valued at about $8,122,000. Venturi Wealth Management LLC purchased a new position in shares of TWFG during the 4th quarter worth about $86,000. Finally, Alberta Investment Management Corp boosted its position in shares of TWFG by 4.4% in the fourth quarter. Alberta Investment Management Corp now owns 124,462 shares of the company's stock worth $3,833,000 after acquiring an additional 5,215 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TWFG. Morgan Stanley decreased their price target on shares of TWFG from $31.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $33.00 price target (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. BMO Capital Markets lifted their price target 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. Finally, Keefe, Bruyette & Woods lowered their price target on TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

TWFG Trading Up 3.7 %

Shares of TWFG stock traded up $1.18 during trading hours on Friday, hitting $32.80. 10,469 shares of the company's stock traded hands, compared to its average volume of 154,550. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $30.81 and a 200-day simple moving average of $30.85.

TWFG Company 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.