79,761 Shares in TWFG, Inc. (NASDAQ:TWFG) Purchased by Millennium Management LLC

Millennium Management LLC bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 79,761 shares of the company’s stock, valued at approximately $2,457,000. Millennium Management LLC owned approximately 0.54% of TWFG as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. T. Rowe Price Investment Management Inc. raised its holdings in TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company’s stock worth $47,854,000 after acquiring an additional 415,159 shares in the last quarter. Alliancebernstein L.P. raised its holdings in TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company’s stock worth $31,146,000 after acquiring an additional 71,106 shares in the last quarter. Capital International Investors raised its holdings in TWFG by 30.8% during the fourth quarter. Capital International Investors now owns 878,807 shares of the company’s stock worth $27,067,000 after acquiring an additional 206,969 shares in the last quarter. Bamco Inc. NY raised its holdings in TWFG by 19.6% during the fourth quarter. Bamco Inc. NY now owns 871,661 shares of the company’s stock worth $26,847,000 after acquiring an additional 142,913 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in TWFG by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 616,899 shares of the company’s stock worth $19,000,000 after acquiring an additional 32,382 shares in the last quarter.

TWFG Price Performance

Shares of NASDAQ TWFG opened at $35.15 on Friday. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.67. The business’s 50 day moving average price is $32.26 and its two-hundred day moving average price is $31.18. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.97 billion and a PE ratio of 3.26.

Analysts Set New Price Targets

Several research firms recently issued reports on TWFG. Keefe, Bruyette & Woods dropped their target price on TWFG from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. upped their target price on TWFG from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Morgan Stanley boosted their price target on TWFG from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Finally, BMO Capital Markets boosted their price target on TWFG from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.71.

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.