Balyasny Asset Management L.P. Has $4.64 Million Stock Position in TWFG, Inc. (NASDAQ:TWFG)

Balyasny Asset Management L.P. lessened its position in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 22.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 150,681 shares of the company's stock after selling 43,389 shares during the period. Balyasny Asset Management L.P. owned approximately 1.02% of TWFG worth $4,641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its position in TWFG by 36.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,553,674 shares of the company's stock valued at $47,854,000 after purchasing an additional 415,159 shares during the period. Alliancebernstein L.P. grew its holdings in shares of TWFG by 7.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,011,222 shares of the company's stock valued at $31,146,000 after buying an additional 71,106 shares during the last quarter. Capital International Investors increased its position in shares of TWFG by 30.8% during the fourth quarter. Capital International Investors now owns 878,807 shares of the company's stock worth $27,067,000 after acquiring an additional 206,969 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of TWFG by 19.6% in the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock worth $26,847,000 after acquiring an additional 142,913 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in TWFG by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 616,899 shares of the company's stock valued at $19,000,000 after acquiring an additional 32,382 shares in the last quarter.

Wall Street Analyst Weigh In

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

TWFG Stock Performance

Shares of TWFG opened at $32.24 on Friday. TWFG, Inc. has a 1-year low of $21.31 and a 1-year high of $36.50. The firm's 50-day moving average price is $31.03 and its 200-day moving average price is $30.97. 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 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.

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