Geode Capital Management LLC Makes New $3.70 Million Investment in TWFG, Inc. (NASDAQ:TWFG)

Geode Capital Management LLC acquired a new position in shares of TWFG, Inc. (NASDAQ:TWFG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 136,323 shares of the company’s stock, valued at approximately $3,699,000. Geode Capital Management LLC owned 0.92% of TWFG as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TWFG. Quantbot Technologies LP acquired a new position in TWFG during the 3rd quarter worth approximately $93,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of TWFG during the third quarter worth approximately $133,000. Maven Securities LTD acquired a new position in shares of TWFG during the third quarter worth approximately $280,000. Symphony Financial Ltd. Co. bought a new position in shares of TWFG in the 3rd quarter worth $310,000. Finally, Seven Grand Managers LLC acquired a new stake in TWFG in the 3rd quarter valued at $814,000.

TWFG Trading Down 3.9 %

TWFG opened at $28.54 on Tuesday. TWFG, Inc. has a twelve month low of $21.31 and a twelve month high of $36.50. The company has a 50-day moving average of $31.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 122.61 and a current ratio of 122.61.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TWFG shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $33.00 price objective (up from $30.00) on shares of TWFG in a research note on Friday. Keefe, Bruyette & Woods raised their price target on shares of TWFG from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price target on TWFG from $30.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. DOWLING & PARTN raised TWFG to a “hold” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada lifted their target price on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Four 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, the company has an average rating of “Moderate Buy” and an average target price of $31.86.

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.