Acadian Asset Management LLC Has $2.11 Million Stake in TWFG, Inc. $TWFG

Acadian Asset Management LLC increased its holdings in TWFG, Inc. (NASDAQ:TWFG) by 176.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,211 shares of the company’s stock after buying an additional 43,535 shares during the period. Acadian Asset Management LLC owned 0.12% of TWFG worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc raised its position in 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 purchasing an additional 10,666 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of TWFG in the fourth quarter worth $351,000. Nuveen LLC bought a new stake in shares of TWFG in the first quarter worth $15,501,000. Ascent Group LLC bought a new stake in shares of TWFG in the fourth quarter worth $585,000. Finally, Alyeska Investment Group L.P. boosted its position in TWFG by 15.5% during the first quarter. Alyeska Investment Group L.P. now owns 263,324 shares of the company’s stock valued at $8,139,000 after acquiring an additional 35,357 shares during the last quarter.

TWFG Stock Up 2.9%

TWFG stock opened at $24.49 on Wednesday. TWFG, Inc. has a twelve month low of $23.52 and a twelve month high of $36.85. The firm has a 50 day moving average price of $28.77 and a 200-day moving average price of $31.37. The company has a market capitalization of $1.37 billion, a P/E ratio of 59.73 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.

Analyst Upgrades and Downgrades

TWFG has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of TWFG from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Morgan Stanley lowered their target price on shares of TWFG from $35.00 to $32.00 and set an “equal weight” rating on the stock in a report on Monday, August 18th. Finally, Piper Sandler decreased their price objective on shares of TWFG from $38.00 to $32.00 and set an “overweight” rating for the company 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. According to MarketBeat.com, TWFG has a consensus 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.