Alliancebernstein L.P. Purchases 71,106 Shares of TWFG, Inc. (NASDAQ:TWFG)

Alliancebernstein L.P. increased its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,011,222 shares of the company’s stock after buying an additional 71,106 shares during the quarter. Alliancebernstein L.P. owned 0.07% of TWFG worth $31,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC acquired a new stake in shares of TWFG during the third quarter worth about $34,942,000. Vanguard Group Inc. raised its holdings in TWFG by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 616,899 shares of the company’s stock worth $19,000,000 after buying an additional 32,382 shares during the period. Lord Abbett & CO. LLC bought a new position in TWFG in the third quarter valued at approximately $8,122,000. Geode Capital Management LLC acquired a new position in shares of TWFG in the third quarter valued at approximately $3,699,000. Finally, Alberta Investment Management Corp increased its position in shares of TWFG by 4.4% during the fourth quarter. Alberta Investment Management Corp now owns 124,462 shares of the company’s stock worth $3,833,000 after acquiring an additional 5,215 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TWFG shares. BMO Capital Markets boosted their price objective on shares of TWFG from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, March 4th. Morgan Stanley cut their price target on TWFG from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of TWFG in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, TWFG currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

TWFG Trading Down 4.0 %

Shares of NASDAQ TWFG opened at $29.58 on Monday. TWFG, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61. The business has a 50-day moving average of $30.28 and a 200-day moving average of $30.39.

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.