Alberta Investment Management Corp Acquires 5,215 Shares of TWFG, Inc. (NASDAQ:TWFG)

Alberta Investment Management Corp grew its holdings in shares of TWFG, Inc. (NASDAQ:TWFG) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 124,462 shares of the company’s stock after purchasing an additional 5,215 shares during the period. Alberta Investment Management Corp’s holdings in TWFG were worth $3,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TWFG. Venturi Wealth Management LLC bought a new position in shares of TWFG in the fourth quarter worth approximately $86,000. Quantbot Technologies LP purchased a new position in TWFG in the 3rd quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of TWFG in the 3rd quarter worth $133,000. Franklin Resources Inc. purchased a new stake in shares of TWFG during the 3rd quarter valued at $293,000. Finally, Maven Securities LTD bought a new stake in shares of TWFG during the 3rd quarter worth $280,000.

TWFG Trading Up 1.3 %

NASDAQ TWFG opened at $30.38 on Friday. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50. The stock has a 50-day moving average of $29.69 and a 200-day moving average of $29.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TWFG. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 target price (up previously from $30.00) on shares of TWFG in a research note on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised their price objective on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, Piper Sandler upped their target price on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.86.

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.