Alliancebernstein L.P. Raises Stock Position in TWFG, Inc. (NASDAQ:TWFG)

Alliancebernstein L.P. boosted its stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,222 shares of the company's stock after acquiring an additional 71,106 shares during the quarter. Alliancebernstein L.P. owned 6.83% of TWFG worth $31,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TWFG. Norges Bank purchased a new stake in shares of TWFG during the fourth quarter valued at approximately $297,000. JPMorgan Chase & Co. purchased a new position in shares of TWFG during the fourth quarter valued at approximately $410,000. Vanguard Group Inc. lifted its stake in TWFG by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock worth $19,000,000 after acquiring an additional 32,382 shares during the period. LPL Financial LLC boosted its holdings in TWFG by 13.0% in the fourth quarter. LPL Financial LLC now owns 31,171 shares of the company's stock valued at $960,000 after acquiring an additional 3,585 shares in the last quarter. Finally, Sei Investments Co. lifted its position in TWFG by 56.4% during the 4th quarter. Sei Investments Co. now owns 13,157 shares of the company's stock valued at $405,000 after acquiring an additional 4,747 shares during the period.

TWFG Trading Up 5.9 %

Shares of NASDAQ:TWFG traded up $1.74 during midday trading on Friday, reaching $31.25. 136,249 shares of the company's stock traded hands, compared to its average volume of 157,996. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a one year low of $21.31 and a one year high of $36.50. The stock has a 50 day moving average of $30.24 and a 200 day moving average of $30.44.

Wall Street Analyst Weigh In

TWFG has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of TWFG from $31.00 to $30.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. BMO Capital Markets lifted their price objective on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $33.00 target price (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. 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 research report on Wednesday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TWFG currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.