Nuveen Asset Management LLC Cuts Stake in TWFG, Inc. (NASDAQ:TWFG)

Nuveen Asset Management LLC trimmed its stake in TWFG, Inc. (NASDAQ:TWFG - Free Report) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711,895 shares of the company's stock after selling 86,325 shares during the quarter. Nuveen Asset Management LLC owned 4.81% of TWFG worth $21,926,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its holdings in TWFG by 57.8% in the fourth quarter. Quantbot Technologies LP now owns 5,407 shares of the company's stock worth $167,000 after acquiring an additional 1,981 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of TWFG by 273.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,233 shares of the company's stock valued at $100,000 after purchasing an additional 2,368 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of TWFG during the fourth quarter valued at $86,000. LPL Financial LLC lifted its holdings in shares of TWFG by 13.0% during the fourth quarter. LPL Financial LLC now owns 31,171 shares of the company's stock valued at $960,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of TWFG by 56.4% during the fourth quarter. Sei Investments Co. now owns 13,157 shares of the company's stock valued at $405,000 after purchasing an additional 4,747 shares in the last quarter.

TWFG Stock Performance

TWFG traded down $0.58 during midday trading on Thursday, reaching $34.52. The company had a trading volume of 6,406 shares, compared to its average volume of 147,280. The company has a quick ratio of 122.61, a current ratio of 122.61 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average of $32.07 and a two-hundred day moving average of $31.16. The company has a market cap of $1.94 billion and a P/E ratio of 3.20. TWFG, Inc. has a 1 year low of $21.31 and a 1 year high of $36.50.

Analyst Ratings Changes

TWFG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Morgan Stanley increased their target price on TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods lowered their target price on TWFG from $33.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 9th. Finally, BMO Capital Markets increased their target price on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $33.71.

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.