Goldman Sachs Group Inc. Has $1.26 Million Holdings in TWFG, Inc. $TWFG

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

Several other large investors have also made changes to their positions in the business. PDT Partners LLC lifted its position in shares of TWFG by 4.3% during the 1st quarter. PDT Partners LLC now owns 16,887 shares of the company's stock worth $522,000 after purchasing an additional 692 shares during the last quarter. State of Wyoming acquired a new position in shares of TWFG during the 1st quarter worth about $113,000. Vanguard Group Inc. increased its stake in TWFG by 0.7% during the first quarter. Vanguard Group Inc. now owns 621,151 shares of the company's stock valued at $19,200,000 after acquiring an additional 4,252 shares during the period. Janus Henderson Group PLC bought a new position in TWFG during the fourth quarter valued at about $211,000. Finally, Walleye Capital LLC bought a new position in TWFG during the first quarter valued at about $263,000.

Analyst Ratings Changes

Several brokerages recently issued reports on TWFG. Morgan Stanley lowered 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. UBS Group boosted their price target on TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Finally, Piper Sandler lowered their price target 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, TWFG presently has an average rating of "Moderate Buy" and an average target price of $34.57.

TWFG Price Performance

TWFG opened at $25.10 on Monday. The company has a quick ratio of 105.86, a current ratio of 105.86 and a debt-to-equity ratio of 0.01. TWFG, Inc. has a 12 month low of $23.52 and a 12 month high of $36.85. The company has a fifty day simple moving average of $28.27 and a 200 day simple moving average of $31.22. The stock has a market cap of $1.41 billion, a P/E ratio of 61.22 and a beta of 0.29.

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.

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