Marshall Wace LLP Buys 55,213 Shares of TWFG, Inc. (NASDAQ:TWFG)

Marshall Wace LLP boosted its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,388 shares of the company's stock after purchasing an additional 55,213 shares during the quarter. Marshall Wace LLP owned 1.03% of TWFG worth $4,694,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC acquired a new position in shares of TWFG in the third quarter valued at approximately $3,699,000. Franklin Resources Inc. acquired a new position in TWFG in the 3rd quarter worth $293,000. Lord Abbett & CO. LLC bought a new position in TWFG during the 3rd quarter worth about $8,122,000. Venturi Wealth Management LLC acquired a new stake in shares of TWFG in the 4th quarter valued at about $86,000. Finally, Alberta Investment Management Corp lifted its holdings in shares of TWFG by 4.4% in the fourth quarter. Alberta Investment Management Corp now owns 124,462 shares of the company's stock valued at $3,833,000 after purchasing an additional 5,215 shares in the last quarter.

TWFG Trading Down 0.9 %

TWFG stock traded down $0.29 during trading hours on Monday, hitting $31.00. 87,218 shares of the stock were exchanged, compared to its average volume of 155,970. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a 50-day simple moving average of $30.66 and a two-hundred day simple moving average of $30.81.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TWFG shares. Morgan Stanley reduced their price target on TWFG from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $33.00 price target (up from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Finally, BMO Capital Markets lifted their price target on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, TWFG presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

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.