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

Zimmer Partners LP purchased a new stake in TWFG, Inc. (NASDAQ:TWFG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 151,500 shares of the company’s stock, valued at approximately $4,109,000.

Several other large investors have also recently bought and sold shares of the company. FMR LLC bought a new position in TWFG in the 3rd quarter valued at $34,942,000. Bamco Inc. NY bought a new stake in shares of TWFG during the 3rd quarter worth $19,764,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of TWFG during the 3rd quarter worth $4,068,000. Soros Fund Management LLC bought a new stake in shares of TWFG during the 3rd quarter worth $2,712,000. Finally, Royce & Associates LP bought a new stake in shares of TWFG during the 3rd quarter worth $1,546,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TWFG shares. JPMorgan Chase & Co. lifted their price objective on shares of TWFG from $26.50 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Piper Sandler lifted their target price on shares of TWFG from $30.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. UBS Group initiated coverage on shares of TWFG in a research report on Monday, August 12th. They issued a “buy” rating and a $29.00 target price on the stock. Keefe, Bruyette & Woods lifted their target price on shares of TWFG from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their target price on shares of TWFG from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.14.

TWFG Stock Performance

TWFG stock opened at $33.05 on Friday. The company has a 50-day moving average price of $31.50. 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 quick ratio of 122.61 and a current ratio of 122.61.

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.