Franklin Resources Inc. Buys Shares of 10,000 TWFG, Inc. (NASDAQ:TWFG)

Franklin Resources Inc. bought a new position in shares of TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $293,000. Franklin Resources Inc. owned approximately 0.07% of TWFG at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TWFG. Seven Grand Managers LLC bought a new position in shares of TWFG during the 3rd quarter valued at about $814,000. Symphony Financial Ltd. Co. acquired a new stake in TWFG during the third quarter valued at approximately $310,000. Emerald Mutual Fund Advisers Trust bought a new stake in TWFG during the third quarter worth approximately $133,000. Royce & Associates LP acquired a new position in TWFG in the third quarter worth approximately $1,546,000. Finally, FMR LLC bought a new position in shares of TWFG in the third quarter valued at $34,942,000.

TWFG Trading Up 5.7 %

Shares of TWFG stock opened at $30.80 on Thursday. TWFG, Inc. has a 12 month low of $21.31 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. The stock has a 50-day moving average price of $31.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TWFG. Piper Sandler lifted their price target on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their target price on shares of TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods raised their target price on TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, DOWLING & PARTN upgraded TWFG to a “hold” rating in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.14.

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.