Norges Bank Makes New $297,000 Investment in TWFG, Inc. (NASDAQ:TWFG)

Norges Bank purchased a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,631 shares of the company's stock, valued at approximately $297,000. Norges Bank owned about 0.07% of TWFG as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new stake in TWFG in the fourth quarter worth $86,000. Quantbot Technologies LP lifted its stake in shares of TWFG by 57.8% in the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock valued at $167,000 after acquiring an additional 1,981 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in TWFG during the 4th quarter valued at about $244,000. Franklin Resources Inc. bought a new position in TWFG during the 3rd quarter worth approximately $293,000. Finally, Sei Investments Co. increased its stake in TWFG by 56.4% in the 4th quarter. Sei Investments Co. now owns 13,157 shares of the company's stock worth $405,000 after purchasing an additional 4,747 shares during the period.

Wall Street Analyst Weigh In

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

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TWFG Stock Up 3.2 %

Shares of TWFG traded up $1.04 on Tuesday, reaching $33.45. The stock had a trading volume of 67,487 shares, compared to its average volume of 157,126. The company has a 50-day simple moving average of $30.27 and a 200-day simple moving average of $30.49. TWFG, Inc. has a 12-month low of $21.31 and a 12-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.

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.