Bamco Inc. NY Takes Position in TWFG, Inc. (NASDAQ:TWFG)

Bamco Inc. NY acquired a new position in shares of TWFG, Inc. (NASDAQ:TWFG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 728,748 shares of the company’s stock, valued at approximately $19,764,000. Bamco Inc. NY owned 4.92% of TWFG at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in TWFG in the third quarter valued at about $93,000. Emerald Mutual Fund Advisers Trust bought a new position in TWFG in the 3rd quarter valued at about $133,000. Symphony Financial Ltd. Co. acquired a new position in shares of TWFG in the 3rd quarter valued at approximately $310,000. Seven Grand Managers LLC bought a new stake in shares of TWFG during the 3rd quarter worth approximately $814,000. Finally, Royce & Associates LP acquired a new stake in shares of TWFG during the 3rd quarter worth approximately $1,546,000.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TWFG. DOWLING & PARTN upgraded shares of TWFG to a “hold” rating in a research report on Wednesday, September 11th. Piper Sandler upped their price objective on TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. 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. Keefe, Bruyette & Woods raised their price target on shares of TWFG from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Finally, William Blair assumed coverage on shares of TWFG in a report on Wednesday, August 21st. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, TWFG presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.43.

TWFG Trading Up 0.3 %

NASDAQ:TWFG opened at $35.40 on Tuesday. TWFG, Inc. has a one year low of $21.31 and a one year 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 stock’s 50 day simple moving average is $30.95.

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.