Capital International Investors Acquires 206,969 Shares of TWFG, Inc. (NASDAQ:TWFG)

Capital International Investors lifted its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 878,807 shares of the company’s stock after acquiring an additional 206,969 shares during the period. Capital International Investors owned approximately 5.93% of TWFG worth $27,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWFG. Geode Capital Management LLC bought a new stake in TWFG during the 3rd quarter worth approximately $3,699,000. Y Intercept Hong Kong Ltd purchased a new stake in TWFG in the 4th quarter valued at $244,000. ExodusPoint Capital Management LP lifted its stake in TWFG by 199.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 99,122 shares of the company’s stock valued at $3,053,000 after acquiring an additional 65,968 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in TWFG during the 3rd quarter worth $8,122,000. Finally, Franklin Resources Inc. bought a new stake in shares of TWFG in the 3rd quarter worth $293,000.

Analyst Upgrades and Downgrades

TWFG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reduced 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 report on Wednesday, April 9th. BMO Capital Markets increased 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 price objective (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Finally, Morgan Stanley lowered their target price on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, TWFG currently has an average rating of “Moderate Buy” and an average target price of $33.00.

TWFG Stock Performance

TWFG stock opened at $33.51 on Monday. The stock has a fifty day moving average of $30.47 and a 200-day moving average of $30.66. TWFG, Inc. has a fifty-two week low of $21.31 and a fifty-two week 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 Company 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.