Ascent Group LLC Raises Stock Holdings in TWFG, Inc. $TWFG

Ascent Group LLC grew its position in shares of TWFG, Inc. (NASDAQ:TWFG) by 10.6% in the second quarter, Holdings Channel reports. The fund owned 48,547 shares of the company’s stock after buying an additional 4,664 shares during the quarter. Ascent Group LLC’s holdings in TWFG were worth $1,699,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in TWFG during the first quarter valued at $6,784,000. TD Asset Management Inc raised its position in shares of TWFG by 25.2% during the 1st quarter. TD Asset Management Inc now owns 52,942 shares of the company’s stock valued at $1,636,000 after buying an additional 10,666 shares in the last quarter. Blair William & Co. IL bought a new position in shares of TWFG in the 1st quarter valued at about $969,000. Vanguard Group Inc. grew its position in TWFG by 0.7% in the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company’s stock worth $19,200,000 after acquiring an additional 4,252 shares in the last quarter. Finally, Nuveen LLC bought a new stake in TWFG during the first quarter worth approximately $15,501,000.

Analysts Set New Price Targets

TWFG has been the topic of a number of recent research reports. UBS Group upped their price objective on TWFG from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “sell (d)” rating on shares of TWFG in a research report on Saturday, September 27th. Morgan Stanley lowered their price target on TWFG from $35.00 to $32.00 and set an “equal weight” rating for the company in a research report on Monday, August 18th. Finally, Piper Sandler dropped their price objective on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.57.

TWFG Stock Up 2.3%

NASDAQ:TWFG opened at $28.08 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 105.86 and a quick ratio of 105.86. TWFG, Inc. has a 1-year low of $23.52 and a 1-year high of $36.85. The company has a 50-day moving average of $27.20 and a 200 day moving average of $31.01. The firm has a market cap of $1.57 billion, a PE ratio of 68.49 and a beta of 0.31.

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.