JPMorgan Chase & Co. Invests $410,000 in TWFG, Inc. (NASDAQ:TWFG)

JPMorgan Chase & Co. bought a new stake in TWFG, Inc. (NASDAQ:TWFG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,315 shares of the company’s stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.09% of TWFG at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC bought a new stake in TWFG in the fourth quarter valued at approximately $86,000. Quantbot Technologies LP boosted its position in 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 stake in TWFG during the 4th quarter valued at $244,000. Franklin Resources Inc. bought a new stake in TWFG in the 3rd quarter worth $293,000. Finally, Sei Investments Co. raised its stake in shares of 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.

Wall Street Analysts Forecast Growth

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

TWFG Price Performance

NASDAQ:TWFG opened at $31.62 on Friday. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50. The firm’s 50-day moving average price is $30.81 and its 200-day moving average price is $30.85. 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 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.