1832 Asset Management L.P. Sells 67,211 Shares of TWFG, Inc. $TWFG

Key Points

• 1832 Asset Management L.P. significantly reduced its stake in TWFG, Inc. by 80.9%, selling over 67,000 shares, leaving them with a total of 15,821 shares valued at approximately $489,000.
• Several institutional investors increased their positions in TWFG, with Tower Research Capital raising its stake by 273.8%, now holding 3,233 shares valued at $100,000.
• Analysts have varying price targets for TWFG, with Morgan Stanley lowering its target from $35 to $32, while UBS Group raised it from $40 to $42, indicating a mixed outlook on the stock.

1832 Asset Management L.P. lessened its holdings in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 80.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,821 shares of the company's stock after selling 67,211 shares during the period. 1832 Asset Management L.P.'s holdings in TWFG were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TWFG. Nuveen LLC acquired a new stake in shares of TWFG in the 1st quarter valued at $15,501,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of TWFG by 28.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,988,671 shares of the company's stock valued at $61,470,000 after purchasing an additional 434,997 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of TWFG in the 1st quarter valued at $6,784,000. Freestone Grove Partners LP acquired a new stake in shares of TWFG in the 4th quarter valued at $5,931,000. Finally, Bamco Inc. NY lifted its stake in shares of TWFG by 19.6% in the 4th quarter. Bamco Inc. NY now owns 871,661 shares of the company's stock valued at $26,847,000 after purchasing an additional 142,913 shares during the last quarter.

TWFG Stock Performance

Shares of NASDAQ:TWFG traded down $0.56 on Monday, hitting $26.44. 157,057 shares of the company were exchanged, compared to its average volume of 190,895. The company's 50 day moving average price is $30.88 and its two-hundred day moving average price is $31.73. TWFG, Inc. has a one year low of $24.50 and a one year high of $36.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 64.49 and a beta of 0.29.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TWFG shares. JPMorgan Chase & Co. lifted their target price on shares of TWFG from $33.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. UBS Group lifted their target price on shares of TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley dropped their target price on shares of TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Finally, Piper Sandler dropped their target price on shares of TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.57.

About TWFG

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.