Lord Abbett & CO. LLC Sells 210,679 Shares of TWFG, Inc. (NASDAQ:TWFG)

Lord Abbett & CO. LLC lessened its holdings in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,794 shares of the company's stock after selling 210,679 shares during the quarter. Lord Abbett & CO. LLC owned 0.60% of TWFG worth $2,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TWFG. Venturi Wealth Management LLC bought a new stake in TWFG in the 4th quarter valued at about $86,000. Tower Research Capital LLC TRC grew its position in TWFG by 273.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock worth $100,000 after buying an additional 2,368 shares in the last quarter. Quantbot Technologies LP increased its stake in TWFG by 57.8% during the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after acquiring an additional 1,981 shares during the period. Y Intercept Hong Kong Ltd bought a new position in TWFG during the 4th quarter worth $244,000. Finally, Franklin Resources Inc. acquired a new position in TWFG in the 3rd quarter valued at $293,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TWFG shares. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $33.00 price target (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Keefe, Bruyette & Woods lowered 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 report on Wednesday, April 9th. Finally, BMO Capital Markets lifted their price target on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TWFG presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

TWFG Price Performance

Shares of TWFG traded up $1.07 during trading hours on Friday, reaching $32.69. The stock had a trading volume of 35,699 shares, compared to its average volume of 154,676. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a 12 month low of $21.31 and a 12 month high of $36.50. The company's 50-day moving average is $30.86 and its two-hundred day moving average is $30.89.

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.