Y Intercept Hong Kong Ltd Takes $244,000 Position in TWFG, Inc. (NASDAQ:TWFG)

Y Intercept Hong Kong Ltd bought a new position in 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 institutional investor bought 7,912 shares of the company's stock, valued at approximately $244,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of TWFG at the end of the most recent reporting period.

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

TWFG Stock Down 2.4 %

TWFG stock traded down $0.75 during midday trading on Friday, hitting $30.01. The stock had a trading volume of 60,498 shares, compared to its average volume of 77,591. The business has a 50-day moving average of $29.96 and a two-hundred day moving average of $29.98. TWFG, Inc. has a 52-week low of $21.31 and a 52-week high of $36.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on TWFG from $30.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, November 11th. JPMorgan Chase & Co. restated a "neutral" rating and set a $33.00 target price (up previously from $30.00) on shares of TWFG in a report on Friday, January 3rd. Keefe, Bruyette & Woods upped their target price on TWFG from $28.00 to $33.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their target price on TWFG from $30.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. Finally, BMO Capital Markets upped their price target on TWFG from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday. Four equities research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.14.

About TWFG

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.