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Jane Street Group LLC acquired a new position in shares of 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 fund acquired 11,390 shares of the company’s stock, valued at approximately $351,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new stake in TWFG during the fourth quarter worth about $244,000. ExodusPoint Capital Management LP boosted its holdings in TWFG by 199.0% during the fourth quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company’s stock worth $3,053,000 after buying an additional 65,968 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in TWFG during the fourth quarter worth about $410,000. Vanguard Group Inc. boosted its holdings in TWFG by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company’s stock worth $19,000,000 after buying an additional 32,382 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock worth $47,854,000 after buying an additional 415,159 shares in the last quarter.
TWFG Stock Performance
NASDAQ:TWFG opened at $35.15 on Monday. The firm has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $31.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The firm has a market cap of $1.97 billion and a PE ratio of 3.26. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.67.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on TWFG shares. Morgan Stanley lifted their target price on shares of TWFG from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. lifted their target price on shares of TWFG from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. BMO Capital Markets lifted their target price on shares of TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods cut their target price 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.71.
Check Out Our Latest Stock Report on TWFG
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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