Zimmer Partners LP Acquires Shares of 151,500 TWFG, Inc. (NASDAQ:TWFG)

Zimmer Partners LP acquired a new stake in TWFG, Inc. (NASDAQ:TWFG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 151,500 shares of the company’s stock, valued at approximately $4,109,000. Zimmer Partners LP owned about 1.02% of TWFG as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Grand Managers LLC purchased a new stake in TWFG in the 3rd quarter valued at about $814,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $4,068,000. Royce & Associates LP purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $1,546,000. Bamco Inc. NY purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $19,764,000. Finally, Soros Fund Management LLC purchased a new stake in shares of TWFG during the 3rd quarter worth approximately $2,712,000.

TWFG Price Performance

Shares of NASDAQ:TWFG opened at $33.05 on Friday. The firm has a fifty day moving average price of $31.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. TWFG, Inc. has a one year low of $21.31 and a one year high of $36.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TWFG shares. JPMorgan Chase & Co. raised their price target on shares of TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley assumed coverage on shares of TWFG in a research note on Monday, August 12th. They set an “equal weight” rating and a $23.00 price target for the company. Piper Sandler raised their price objective on shares of TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price objective on shares of TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Finally, William Blair assumed coverage on shares of TWFG in a report on Wednesday, August 21st. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, TWFG currently has an average rating of “Moderate Buy” and an average target price 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.