LPL Financial LLC Acquires 3,585 Shares of TWFG, Inc. (NASDAQ:TWFG)

LPL Financial LLC increased its holdings in TWFG, Inc. (NASDAQ:TWFG) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 31,171 shares of the company’s stock after buying an additional 3,585 shares during the quarter. LPL Financial LLC owned about 0.21% of TWFG worth $960,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TWFG. Venturi Wealth Management LLC purchased a new position in shares of TWFG during the fourth quarter valued at approximately $86,000. Quantbot Technologies LP lifted its holdings in shares of TWFG by 57.8% during the 4th quarter. Quantbot Technologies LP now owns 5,407 shares of the company’s stock valued at $167,000 after buying 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 worth $244,000. Franklin Resources Inc. bought a new stake in shares of TWFG in the third quarter worth $293,000. Finally, Sei Investments Co. increased its position in TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company’s stock valued at $405,000 after acquiring an additional 4,747 shares during the last quarter.

TWFG Stock Performance

NASDAQ TWFG opened at $33.51 on Monday. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The business has a 50-day moving average price of $30.47 and a 200-day moving average price of $30.66. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

TWFG has been the subject of a number of recent research reports. Morgan Stanley cut their price target on TWFG from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods decreased their price target on shares of TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Finally, BMO Capital Markets lifted their target price on TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.