PDT Partners LLC Takes Position in TWFG, Inc. (NASDAQ:TWFG)

PDT Partners LLC acquired a new stake in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,195 shares of the company's stock, valued at approximately $499,000. PDT Partners LLC owned 0.11% of TWFG as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tudor Investment Corp ET AL bought a new position in shares of TWFG in the 4th quarter worth $2,377,000. T. Rowe Price Investment Management Inc. raised its stake in shares of TWFG by 36.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock worth $47,854,000 after acquiring an additional 415,159 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of TWFG by 273.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after purchasing an additional 2,368 shares in the last quarter. Capital International Investors grew its holdings in shares of TWFG by 30.8% during the 4th quarter. Capital International Investors now owns 878,807 shares of the company's stock valued at $27,067,000 after purchasing an additional 206,969 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in TWFG by 56.8% in the fourth quarter. Marshall Wace LLP now owns 152,388 shares of the company's stock worth $4,694,000 after purchasing an additional 55,213 shares during the last quarter.

TWFG Price Performance

Shares of TWFG stock traded down $0.06 during trading on Wednesday, hitting $32.75. The company's stock had a trading volume of 15,720 shares, compared to its average volume of 152,929. TWFG, Inc. has a 52 week low of $21.31 and a 52 week high of $36.50. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $30.98 and a two-hundred day simple moving average of $30.93.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TWFG shares. Morgan Stanley decreased their price target on TWFG from $31.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on shares of TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Finally, BMO Capital Markets upped their price objective on shares of TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

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.