Soros Fund Management LLC Acquires New Position in TWFG, Inc. (NASDAQ:TWFG)

Soros Fund Management LLC purchased a new stake in TWFG, Inc. (NASDAQ:TWFG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $2,712,000.

A number of other institutional investors also recently modified their holdings of TWFG. FMR LLC bought a new position in TWFG in the third quarter valued at about $34,942,000. Bamco Inc. NY bought a new stake in shares of TWFG during the 3rd quarter valued at approximately $19,764,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TWFG during the 3rd quarter worth approximately $4,068,000. Royce & Associates LP bought a new position in shares of TWFG in the 3rd quarter valued at $1,546,000. Finally, Seven Grand Managers LLC bought a new stake in TWFG during the 3rd quarter worth $814,000.

Analysts Set New Price Targets

TWFG has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 price target on shares of TWFG in a research report on Wednesday, August 28th. Morgan Stanley started coverage on TWFG in a research report on Monday, August 12th. They set an “equal weight” rating and a $23.00 price objective for the company. Royal Bank of Canada upped their target price on TWFG from $30.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Finally, William Blair initiated coverage on shares of TWFG in a research note on Wednesday, August 21st. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.14.

TWFG Price Performance

NASDAQ TWFG opened at $33.75 on Friday. 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 company has a fifty day simple moving average of $31.40. TWFG, Inc. has a 12-month low of $21.31 and a 12-month high of $36.50.

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.