Bamco Inc. NY acquired a new position in TWFG, Inc. (NASDAQ:TWFG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 728,748 shares of the company's stock, valued at approximately $19,764,000. Bamco Inc. NY owned about 4.92% of TWFG as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in TWFG during the 3rd quarter valued at $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in TWFG during the third quarter valued at $133,000. Symphony Financial Ltd. Co. purchased a new position in TWFG in the third quarter worth about $310,000. Seven Grand Managers LLC bought a new stake in shares of TWFG during the 3rd quarter valued at about $814,000. Finally, Royce & Associates LP purchased a new stake in shares of TWFG during the 3rd quarter valued at about $1,546,000.
Analysts Set New Price Targets
A number of brokerages recently commented on TWFG. Keefe, Bruyette & Woods raised their target price on TWFG from $27.00 to $28.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. UBS Group initiated coverage on TWFG in a research report on Monday, August 12th. They set a "buy" rating and a $29.00 price objective on the stock. DOWLING & PARTN raised shares of TWFG to a "hold" rating in a report on Wednesday, September 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $30.00 price target on shares of TWFG in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. upped their price objective on TWFG from $26.50 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.43.
Check Out Our Latest Report on TWFG
TWFG Stock Performance
TWFG traded down $0.44 on Tuesday, reaching $34.96. 8,516 shares of the company's stock were exchanged, compared to its average volume of 146,791. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a current ratio of 122.61, a quick ratio of 122.61 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $30.95.
About TWFG
(
Free Report)
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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