TWFG, Inc. $TWFG Shares Sold by 1832 Asset Management L.P.

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. cut its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 80.9% during the first quarter, according to the company in its most recent Form 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 quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of TWFG during the 4th quarter worth $410,000. Tower Research Capital LLC TRC lifted its holdings in TWFG by 273.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after acquiring an additional 2,368 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of TWFG during the 4th quarter worth $2,377,000. PDT Partners LLC purchased a new stake in TWFG during the 4th quarter worth about $499,000. Finally, Freestone Grove Partners LP acquired a new position in shares of TWFG during the 4th quarter valued at about $5,931,000.

TWFG Stock Down 2.1%

TWFG traded down $0.56 during midday trading on Friday, reaching $26.44. 157,057 shares of the company were exchanged, compared to its average volume of 185,964. The company's fifty day moving average price is $31.08 and its 200 day moving average price is $31.74. TWFG, Inc. has a one year low of $24.50 and a one year high of $36.85. The company has a market cap of $1.48 billion and a price-to-earnings ratio of 64.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86.

Wall Street Analyst Weigh In

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