Shares of TWFG, Inc. (NASDAQ:TWFG - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $36.67 and last traded at $34.74, with a volume of 6308 shares trading hands. The stock had previously closed at $35.09.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TWFG. Morgan Stanley lifted their target price on TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. BMO Capital Markets increased their target price on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods reduced their price target on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.71.
Check Out Our Latest Analysis on TWFG
TWFG Stock Performance
The stock has a market cap of $1.98 billion and a price-to-earnings ratio of 3.27. The company's 50 day simple moving average is $32.26 and its 200 day simple moving average is $31.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in TWFG in the first quarter worth approximately $15,501,000. T. Rowe Price Investment Management Inc. lifted its stake in TWFG by 28.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after buying an additional 434,997 shares in the last quarter. Victory Capital Management Inc. acquired a new position in TWFG in the 1st quarter worth approximately $6,784,000. Capital International Investors grew its holdings in shares of TWFG by 30.8% during the fourth quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after buying an additional 206,969 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of TWFG in the 4th quarter valued at about $5,931,000.
TWFG Company Profile
(
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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.
Further Reading
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