TWFG, Inc. $TWFG Stake Lowered by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. significantly reduced its holdings in TWFG, Inc. by 87.7% during the first quarter, ending with just over 40,000 shares valued at approximately $1.26 million.
• Several other investors, including PDT Partners LLC and Vanguard Group Inc., have adjusted their positions in TWFG, indicating a mix of increasing and new investments in the company.
• Analyst ratings for TWFG vary, with some firms lowering their price targets while others, like UBS Group, have set buy ratings, resulting in an average target price of $34.57 and a "Moderate Buy" rating.

Goldman Sachs Group Inc. decreased its holdings in shares of TWFG, Inc. (NASDAQ:TWFG - Free Report) by 87.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,696 shares of the company's stock after selling 289,711 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.07% of TWFG worth $1,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. PDT Partners LLC lifted its stake in TWFG by 4.3% in the first quarter. PDT Partners LLC now owns 16,887 shares of the company's stock valued at $522,000 after buying an additional 692 shares during the last quarter. State of Wyoming acquired a new position in shares of TWFG in the first quarter valued at approximately $113,000. Vanguard Group Inc. grew its holdings in TWFG by 0.7% during the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock worth $19,200,000 after acquiring an additional 4,252 shares during the period. Janus Henderson Group PLC acquired a new position in TWFG during the fourth quarter worth $211,000. Finally, Walleye Capital LLC acquired a new position in TWFG during the first quarter worth $263,000.

TWFG Trading Up 3.5%

Shares of TWFG stock traded up $0.87 during trading hours on Monday, reaching $25.97. 116,583 shares of the company's stock were exchanged, compared to its average volume of 132,037. TWFG, Inc. has a 52-week low of $23.52 and a 52-week high of $36.85. The company has a fifty day moving average of $28.13 and a 200-day moving average of $31.20. The company has a current ratio of 105.86, a quick ratio of 105.86 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 50.20 and a beta of 0.29.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TWFG. Piper Sandler lowered their target price on TWFG from $38.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, August 14th. UBS Group upped their target price on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley lowered their target price on TWFG from $35.00 to $32.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.