Acadian Asset Management LLC Acquires 43,535 Shares of TWFG, Inc. $TWFG

Key Points

• Acadian Asset Management LLC increased its stake in TWFG, Inc. by 176.4%, owning 68,211 shares valued at approximately $2.11 million as of the latest SEC filing.
• Other institutional investors also made significant adjustments, with Nuveen LLC acquiring a new stake worth $15.5 million during the same period.
• TWFG's stock shows a consensus rating of "Moderate Buy" with an average price target of $34.57 from multiple analysts, reflecting a mix of upgrade and downgrade sentiments.

Acadian Asset Management LLC increased its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 176.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,211 shares of the company's stock after purchasing an additional 43,535 shares during the period. Acadian Asset Management LLC owned 0.12% of TWFG worth $2,105,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TWFG. Nuveen LLC bought a new stake in shares of TWFG in the 1st quarter worth $15,501,000. T. Rowe Price Investment Management Inc. grew its stake in TWFG by 28.0% in the first 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 in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of TWFG in the first quarter worth about $6,784,000. Alliancebernstein L.P. lifted its position in shares of TWFG by 15.7% in the first quarter. Alliancebernstein L.P. now owns 1,170,377 shares of the company's stock worth $36,176,000 after buying an additional 159,155 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of TWFG in the fourth quarter worth about $2,457,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TWFG. UBS Group boosted their price objective on TWFG from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley cut their price target on TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Monday, August 18th. Finally, Piper Sandler dropped 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. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.57.

TWFG Price Performance

Shares of NASDAQ TWFG traded up $0.58 during midday trading on Wednesday, reaching $25.07. The company's stock had a trading volume of 134,835 shares, compared to its average volume of 134,975. The company has a debt-to-equity ratio of 0.01, a quick ratio of 105.86 and a current ratio of 105.86. TWFG, Inc. has a fifty-two week low of $23.52 and a fifty-two week high of $36.85. The business's 50 day moving average price is $28.60 and its two-hundred day moving average price is $31.32. The company has a market cap of $1.41 billion, a P/E ratio of 61.15 and a beta of 0.28.

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.