Soros Fund Management LLC acquired a new stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $2,712,000. Soros Fund Management LLC owned 0.68% of TWFG as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in TWFG. Quantbot Technologies LP acquired a new stake in TWFG during the 3rd quarter valued at approximately $93,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of TWFG in the 3rd quarter valued at $133,000. Maven Securities LTD acquired a new stake in shares of TWFG during the third quarter worth $280,000. Symphony Financial Ltd. Co. bought a new position in TWFG during the third quarter worth $310,000. Finally, Seven Grand Managers LLC acquired a new position in TWFG in the third quarter valued at $814,000.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $30.00 price objective on shares of TWFG in a research note on Wednesday, August 28th. DOWLING & PARTN upgraded TWFG to a "hold" rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods increased their price target on TWFG from $28.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday. Piper Sandler lifted their price objective on shares of TWFG from $30.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Morgan Stanley assumed coverage on shares of TWFG in a research note on Monday, August 12th. They set an "equal weight" rating and a $23.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $31.14.
Read Our Latest Stock Analysis on TWFG
TWFG Stock Performance
NASDAQ TWFG traded down $1.03 during mid-day trading on Friday, hitting $32.72. The company's stock had a trading volume of 25,462 shares, compared to its average volume of 145,007. The firm's 50 day moving average price is $31.40. 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.
About TWFG
(
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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