ExodusPoint Capital Management LP Has $3.05 Million Position in TWFG, Inc. (NASDAQ:TWFG)

ExodusPoint Capital Management LP lifted its stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 199.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,122 shares of the company's stock after acquiring an additional 65,968 shares during the period. ExodusPoint Capital Management LP owned approximately 0.67% of TWFG worth $3,053,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC bought a new position in shares of TWFG in the fourth quarter valued at $86,000. Quantbot Technologies LP raised its holdings 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 purchasing an additional 1,981 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in TWFG in the 4th quarter valued at about $244,000. Norges Bank bought a new position in TWFG during the fourth quarter worth about $297,000. Finally, Franklin Resources Inc. acquired a new position in TWFG during the third quarter worth approximately $293,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $33.00 price objective (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price 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. Finally, Morgan Stanley decreased their price target on shares of TWFG from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.00.

TWFG Stock Performance

Shares of TWFG traded up $1.74 during mid-day trading on Friday, hitting $31.25. 136,249 shares of the company's stock were exchanged, compared to its average volume of 157,996. 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 52 week low of $21.31 and a 52 week high of $36.50. The stock's 50-day simple moving average is $30.24 and its 200-day simple moving average is $30.44.

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.