Lord Abbett & CO. LLC bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 299,473 shares of the company's stock, valued at approximately $8,122,000. Lord Abbett & CO. LLC owned approximately 2.02% of TWFG at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of TWFG in the 3rd quarter valued at about $133,000. Maven Securities LTD acquired a new stake in shares of TWFG in the third quarter valued at approximately $280,000. Franklin Resources Inc. acquired a new position in shares of TWFG in the 3rd quarter valued at $293,000. Finally, Symphony Financial Ltd. Co. acquired a new stake in TWFG during the 3rd quarter worth $310,000.
Wall Street Analysts Forecast Growth
TWFG has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on TWFG from $28.00 to $33.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. DOWLING & PARTN raised shares of TWFG to a "hold" rating in a research note on Wednesday, September 11th. 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. JPMorgan Chase & Co. boosted their target price on TWFG from $26.50 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Finally, Piper Sandler increased their price target on shares of TWFG from $30.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.14.
View Our Latest Report on TWFG
TWFG Price Performance
TWFG stock traded down $1.11 on Tuesday, reaching $29.26. The company had a trading volume of 95,897 shares, compared to its average volume of 153,560. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. TWFG, Inc. has a 1 year low of $21.31 and a 1 year high of $36.50. The firm's fifty day moving average price is $31.93.
TWFG Company Profile
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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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