Fmr LLC Takes $34.94 Million Position in TWFG, Inc. (NASDAQ:TWFG)

FMR LLC acquired a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,288,416 shares of the company's stock, valued at approximately $34,942,000. FMR LLC owned approximately 8.70% of TWFG at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in shares of TWFG during the 3rd quarter valued at about $133,000. Symphony Financial Ltd. Co. bought a new stake in TWFG in the 3rd quarter valued at approximately $310,000. Seven Grand Managers LLC bought a new stake in TWFG in the 3rd quarter valued at approximately $814,000. Finally, Royce & Associates LP bought a new stake in TWFG in the 3rd quarter valued at approximately $1,546,000.

TWFG Stock Down 3.6 %

Shares of TWFG stock traded down $1.19 during trading on Monday, reaching $31.86. 158,917 shares of the company's stock were exchanged, compared to its average volume of 145,748. 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 twelve month low of $21.31 and a twelve month high of $36.50. The business has a fifty day moving average price of $31.50.

Analyst Ratings Changes

Several research firms have commented on TWFG. Keefe, Bruyette & Woods boosted their target price on TWFG from $28.00 to $33.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Morgan Stanley began coverage on TWFG in a research note on Monday, August 12th. They issued an "equal weight" rating and a $23.00 target price on the stock. BMO Capital Markets restated an "outperform" rating and issued a $30.00 target price on shares of TWFG in a research note on Wednesday, August 28th. William Blair initiated coverage on TWFG in a research report on Wednesday, August 21st. They set an "outperform" rating on the stock. Finally, Royal Bank of Canada boosted their price target on TWFG from $30.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average price target of $31.14.

TWFG 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.