106,300 Shares in TWFG, Inc. (NASDAQ:TWFG) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 106,300 shares of the company's stock, valued at approximately $3,274,000. Renaissance Technologies LLC owned 0.72% of TWFG at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Venturi Wealth Management LLC acquired a new position in TWFG during the fourth quarter worth $86,000. Quantbot Technologies LP grew its stake in shares of TWFG by 57.8% during the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after purchasing an additional 1,981 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of TWFG in the 4th quarter valued at about $244,000. Franklin Resources Inc. acquired a new stake in shares of TWFG in the third quarter valued at about $293,000. Finally, Norges Bank purchased a new stake in TWFG during the fourth quarter worth about $297,000.

Wall Street Analyst Weigh In

TWFG has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of TWFG from $31.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their target price on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets raised their price target on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $33.00 price objective (up from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and five have given 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 Stock Down 4.2 %

Shares of TWFG traded down $1.36 during midday trading on Friday, reaching $31.29. 360,485 shares of the company were exchanged, compared to its average volume of 156,325. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50. The stock has a 50-day moving average price of $30.66 and a 200-day moving average price of $30.80. 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.