Acadian Asset Management LLC Boosts Stock Holdings in 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 raised its position in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 176.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,211 shares of the company's stock after acquiring an additional 43,535 shares during the period. Acadian Asset Management LLC owned approximately 0.12% of TWFG worth $2,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. TD Asset Management Inc lifted its position in shares of TWFG by 25.2% during the first quarter. TD Asset Management Inc now owns 52,942 shares of the company's stock valued at $1,636,000 after buying an additional 10,666 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of TWFG during the fourth quarter worth approximately $351,000. Nuveen LLC purchased a new position in shares of TWFG in the first quarter valued at $15,501,000. Ascent Group LLC acquired a new stake in shares of TWFG during the fourth quarter valued at $585,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of TWFG by 15.5% in the 1st quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company's stock valued at $8,139,000 after purchasing an additional 35,357 shares in the last quarter.

TWFG Price Performance

NASDAQ:TWFG traded down $0.16 during midday trading on Friday, hitting $25.10. The company had a trading volume of 220,588 shares, compared to its average volume of 130,577. TWFG, Inc. has a 52-week low of $23.52 and a 52-week high of $36.85. The stock's fifty day moving average price is $28.27 and its 200-day moving average price is $31.23. The company has a market capitalization of $1.41 billion, a PE ratio of 61.22 and a beta of 0.28. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TWFG. Morgan Stanley decreased their target price on TWFG from $35.00 to $32.00 and set an "equal weight" rating for the company 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 for the company in a report on Thursday, August 14th. Finally, UBS Group upped their price target on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Four 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, TWFG presently has an average rating of "Moderate Buy" and an average price target of $34.57.

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.